Sefu
03-07-2007, 09:36 PM
Hi,
Lets call the items i have widgets and gadgets.
I sell gadgets and one of my suppliers wants to trade his widgets for one of my gadgets.
Now I don't know how to account for this, previously I would just enter in a receipt for $0 for the gadget and enter a bill for $0 for his widgets.
This is probably not the best method of accounting, is there a better method?
Lets call the items i have widgets and gadgets.
I sell gadgets and one of my suppliers wants to trade his widgets for one of my gadgets.
Now I don't know how to account for this, previously I would just enter in a receipt for $0 for the gadget and enter a bill for $0 for his widgets.
This is probably not the best method of accounting, is there a better method?