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Barter Customers: How to Convert to Cash

GAAP and FASB rules allow bartering. When you use accrual accounting, you must recognize the provision of your service as revenue in the quarter you provide it. You recognize the service you receive from the other as an expense in the quarter that company provides it. You must issue Form 1099-B to any company you … Continue reading

The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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