This for that – Barter makes a comeback in today’s economy
Abstract: Barter sounds so ancient, but the practice is still being used by companies — especially in today’s tough economic times. With credit still difficult to obtain from banks, many businesses are bartering their products and services to conserve cash flow and reduce excess inventory. To initiate the barter process, a company can handle the arrangements itself or can consult with an exchange company to help find trading partners. This article looks at some of the details, but a sidebar warns that these cashless transactions can’t cut out the IRS.