Bartering as a means of stretching cash flowVery few businesses I see start with adequate cash resources. Why not wait until you have enough? Because life waits for no one and opportunities don't always remain open. I'm not advocating spending a dollar and then expecting lotto size payoffs for a business. There are ways of stretching your dollar and one of them is bartering.
Bartering lets you exchange your goods/services in exchange for something you need in return. It does generate revenue recognition to you so it must be reported. The great thing about bartering is it lets you expand your possibilities to acquire what you need even though you are unable to pay with cash.
Bartering is another option for managing your resources wisely so you may be able to grow your business.
I am a CPA in San Antonio and serve individuals and small businesses in San Antonio and surrounding areas. We provide bookkeeping, payroll, taxes and more. Give us a call for a free initial visit. We look forward to serving your needs.
Richard J. Garcia | 07/15/2010