Process of barter system application and accounting

SUMMARY We can define barter business "exchange goods or services by others" Advantages of Barter System is benefit of term type of payment comparing the Banking system/ factoring and Leasing systems. Besides that Barter systems helps Save your cash by trading your product or service to pay for what you want. New business and wholesale purchasing means greater profit and an improved lifestyle. Barter chients bypass your competitors and seek you out because they also want the advantages of trading. Sell your excess inventory, underutilized capacity or unused time at full retail price on barter. You never have to worry about credit, cash flow or collecting debts because you receive instant payment. Despite the fact of we came accross the economical crises every quarter century, we are not aware the benefits of the exchange business during welfare period. It is assumed that 21.th. century is going to be Barter's century. Serious economic Magazine "The Economist" declared that in year 2000; % 50 of World trade will be on barter systems. income differences between some countries and some communities directs money to focus to specific power holder countries and founds. In different sector some wordlwide companies such us; Amaco, Goodyear, General Motors, Pfizer, Caterpillar, Xerox, Chrysler and Hilton use barter system within their businesses over 150 billion USD turnover. We may say USA is trade center. The graphics says Barter turnover in this country is over 400 billion USD. It has continuous increase about % 15 every year. In Turkey organized an functioning barter companies are İhlas Barter, EG BarteRing, Net Barter, EBB companies and representative of Atwood Richardson. XI