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Husband & wife team publish a golf guide in Hawaii and run a photo studio in NYC. We earn money through billing our 10 or so clients each month for ads, design work, photography, and other services. We must also resell golf tee time barter we get in lieu of cash, over the phone using Intuit's GoPayment APP.
As mentioned: some clients do not have cash to pay for their ads, so they give us green fee credit. In order to realize cash revenue, we must run a separate operation to liquidate the barter. There are inherent opportunity and financial costs which we have never been able to measure. Further, the barter is never treated like it should be: as an asset that converts from a credit to cash when the sales transaction occurs. We need a provider to help us create an asset account for this unsold barter, with an actual cash value, and then as it is sold, record the sales and deduct the credits from the asset account, so we have a real picture of our financial situation.
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