- Joined
- Jul 18, 2012
- Messages
- 2
- Reaction score
- 0
I am currently employed at a Radio station and believe it or not, bartering is a way of life around here. The person prior to me had started recording trade income, but only by creating a "Trade" invoice. She would list the invoice amount under Radio Advertising, then on the second line of the invoice, she would deduct the same amount in an account marked Trade. (This is all done through QuickBooks)
I have figured out how to correctly record Trade by receiving "payment" then creating a bill and paying the bill with the "payments" recorded to Trade. My dilemma now is that the owner has "Traded" for personal items. How do I record that?
Any information is greatly appreciated. Thanks so much!
I have figured out how to correctly record Trade by receiving "payment" then creating a bill and paying the bill with the "payments" recorded to Trade. My dilemma now is that the owner has "Traded" for personal items. How do I record that?
Any information is greatly appreciated. Thanks so much!