Barter or trade is a powerful tool that represents a solution for companies with available inventory or services. By accepting payment in trade dollars instead of cash, a business maximizes their efficiency by increasing inventory turnover or billable hours. Using the trade dollars earned, that company can purchase goods or services they want – without paying cash.

How Barter Works

An NCE Trade Broker works with you to bring your company new sales and increased market share, to move available inventory, and to minimize cash outlay for everyday business expenses. NCE members accept an additional form of currency for payment and are free to purchase a product or service within the NCE network.

Clients of the exchange use trade dollars, instead of cash, to handle their transactions. National Commerce Exchange provides you with an alternate distribution network. You can charge retail value for goods and services in trade dollars, instead of selling them for reduced rates in cash or having them go unsold. NCE helps build your business by bringing you new customers and clients.

Selling

A sale within the NCE Network is no different from a cash or credit card sale except for the form of payment.

Every NCE member is assigned an Account Representative who specializes in specific industries and understands the needs and requirements of member businesses. Member needs are constantly assessed. Supply and demand of particular products and services are also continually monitored to create multiple opportunities for sales.

Your NCE Account Representative effectively markets your products and services using:

Buying

Making a purchase with your NCE card is easy.

It's that Simple.

Recordkeeping & Tracking

Receive Monthly Statements

Each month members receive a statement detailing recent transactions, current trade balance and any fees due. NCE acts as a third-party recordkeeper, just like a bank. All transactions are recorded pursuant to trading procedures, policies, rules and regulations of NCE and the IRS.

Account for Trade Transactions

In accordance with General Accepted Accounting Principles, members must record all transactions at fair market value. The member creates an additional bank account in their General Ledger to record all trade dollar transactions. Similar to a cash sale, when a sale occurs, the revenue account is credited and the trade bank account is debited. When purchases occur, the asset, or expense, account is debited and the trade bank account is credited. The trade bank account will equal the balance of your NCE statement at the end of the month.