Do You Barter? Trading Services between Customers and/or Vendors
If you buy services or product from your customer – or if your vendors buy services or products from you, you might want to “trade” services instead of paying each other – especially in this economy.
Exchanging “credits” with each other is a good way to offset your cash flow without actually exchanging money. You will, however, need to add a few new records to QuickBooks and do a few “special” transactions to make sure that all of your reports come out accurately.
This article provides you with detailed, step-by-step instructions for recording barter transactions in your QuickBooks company data file.
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Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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