Create a bank account called “Barter”. In between barter transaction postings, it’s a good idea to make this account inactive. Also, in between posting groups of barter transactions, the balance in this notional account will be $0. (The account register colour for the Barter bank account should be a colour that is different from existing real bank accounts on the chart of accounts.) You have a customer who is also a vendor. Let’s call that company SmithCo. On the vendor list, SmithCo will have the vendor name “SmithCo (v)” while the company name will be just “SmithCo”. On the customer …
Continued