Accounting for Tax

Barter income is treated the same as cash income. There are no tax advantages or disadvantages to bartering.

When you make a sale on barter, you should issue the buyer with a Vat invoice in the same way as you do in a cash sale and vice versa when you make a purchase you should request a Vat invoice from the seller.

Your accountant will be able to provide the best accounting methods suitable to your type of business.

Barter trading should be considered a marketing tool, not a tax tool. Barterbank provides your company with a statement at the end of each month for all of the sales and purchases you have made within our network.

Cash purchases that are normally tax deductible as business expenses are also tax deductible when purchased on Barter.

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About BarterBank

• About BarterBank
• How Barter Works
• What is ContraCash?
• How to Sell
• How to Buy
• Why Barter?
• Barter Example 1 (Printer)
• Barter Example 2 (Hotel)
• Profit From Barter
• Accounting for Tax
• Membership Fees & Benefits

BarterBank Referral System

• Refer a friend
• How referral works
• How do I earn as a referrer?

BarterBank Introducer System

• Introducer Explained
• How an Introducer works
• How do I earn as an introducer?