Property assets can be used to meet the needs of basic operations or to purchase consumer goods such as. B: Counter-agreements are particularly common in international trade. This Quick-Read focuses more on local exchange agreements. In-kind transactions – also known as trade-outs, exchange agreements, counter-exchanges or counter-exchanges – involve the exchange of goods or services with another company, in whole or in part, instead of cash. Ideally, you can use the excess resources and the fair retail supplement on your product to run some of your business`s features. Counter-agreements are similar to those you find in an organized exchange, except that you do not pay a transaction fee. In addition, all trade is in kind, unlike 50% basic 50% cash trading used by many trading companies. They can also participate in in-kind trade in municipalities where trade is not active. “The ideal type of agreement is one where our difficult costs to measure for service delivery are low and the value of the goods or services we receive in return is considerable.
Good regulation is one where the provision of services to the adversary is content to exploit the available capacity and where there is no additional offside cost. Fulcher warns others to ensure that products received in the trade are in the best interest of your business. “There may be a tendency to be frivolous in the trade in services, because the goods you receive are perceived as free.” “We are looking for counter-agreements with companies that we need products or services that we would otherwise buy, or products and services that we would not otherwise be able to buy due to budget constraints,” says Heather Fulcher, marketing manager at Axion Internet Communications. “Axion likes to get involved in the community, sponsor charities or special events,” Fulcher says. “Trade also allows Axion the luxury of making donations for several purposes, whereas with money in right money, it may not be possible. There is a philanthropic aspect in exchange for public recognition of community support. Axion donates Internet services such as email accounts and web hosting to charities like the Canadian Cancer Society, which, like any other business, need Internet services to manage their business in the 21st century. Alternatively, Axion gives free Internet access packages that are given as door prices or used in silent auctions at fundraising events.
It is also interesting to note that, depending on the organization, your business may also be eligible for a charitable donation receipt for tax purposes for in-kind donations. For example, Axion needed updated marketing guarantees, an essential element of marketing, but one that could easily dominate much of the department`s limited budget. At that time, Axion hosted the site and gave access to a local printing shop.