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Old 07-28-2016, 12:21 PM
DebbieS DebbieS is offline
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Join Date: May 2009
Location: Casper, Wy
Posts: 17
Question Bartering

I have QB Premier. I made an invoice, customer paid a few payments, the remainder $1600.00 we traded for something (bartered). What account do I use and how do I do it? I checked with QB Help, the process is pretty lengthy and doesn't seem to fit.
Debbie S.
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Old 07-28-2016, 01:35 PM
Lorin Browning Lorin Browning is offline
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Join Date: Apr 2004
Location: Landrum SC
Posts: 651
Debit to accounts payable for balance due. Credit to whatever account best describes what was given in exchange to pay off the debt.
Lorin Browning, Ph. D.
Fellow -- National Tax Practice Institute
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Old 07-29-2016, 04:44 AM
Rustler Rustler is offline
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Join Date: Feb 2008
Location: Texas - The Republic
Posts: 2,410
@ Debbie

You should create a dummy bank called barter
receive the payment against the invoice and deposit to the barter bank - that accounts for income

then you write a check on the barter bank and "buy" the expense or asset that you accepted as barter
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