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Is this allowed for accounting purposes?

Yes, the barter is based on the rules of invoice clearing, and the BarterNext accounts work on the principle of cooperative current accounts specific to European cooperatives under Belgian law. This is why 1 € of your entrance fee is allocated to a type B share of the cooperative.

Pierre Morelle has participated in the review of a practical legal guide published by the French government (PIPAME), a copy of which can be found in download it here

Your company must comply with tax and accounting laws.

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Is the BarterNext system legal?

Yes, the BarterNext system is 100% legal, both fiscally and accounting wise. You simply have to declare your exchange transactions (buying and selling) and pay the vat that is due on your sales to the state when you have to.

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