Money Matters

Looking to purchase a new food truck or expand your existing mobile empire? These sections were designed to help everyone from the novice to food truck veteran in the areas of money matters.

Accounting

  • cash flow

Calculating Cash Flow For Your Food Truck

Accounting has never been included as a favorite tasks listed when discussing food truck ownership with vendors. With that said, I cannot stress enough how important accounting tasks are for your food truck to stay [...]

  • cost of goods sold

Cost Of Goods Sold: Why Every Food Truck Needs To Know It

You have a fantastic food truck menu. You have a well trained staff that provides great service to your customers. Unfortunately at the end of the day, the money left in the till just doesn't add up. [...]

  • food truck balance sheet

Understanding Food Truck Balance Sheet Basics

When food truck owners want to expand their business a common question investors will ask is, "How is your food truck is doing?" When this question comes up you need to be able to have an answer [...]

  • cash vs accrual

Cash vs Accrual Method Of Accounting For Your Food Truck

There are two principal methods of keeping track of your food truck’s income and expenses...the cash method and accrual method. Today we’ll look at cash vs accrual methods to help you determine which fits best [...]

  • inventory accounting system

Selecting An Inventory Accounting System For Your Truck

One accounting decision that food trucks that maintain a food inventory is which inventory accounting system to use to record the cost of goods sold expense, which is the sum of the costs of the [...]

  • accounting records

How To Keep Accounting Records For Your Food Truck

Even if you single one or two person food truck, you will need to keep accounting records in order to file and pay taxes, and understand the financial workings of your mobile food business. Some [...]

  • Financial Mistakes

How To Avoid Common Food Truck Financial Mistakes

If you are a food truck owner determined to keep your truck service window open, you've got to have your eye on each and every issue that could potentially stall your mobile food business. That [...]

  • financial red flags

5 Financial Red Flags: How To Keep Your Food Truck Afloat

As all food truck veterans already know, this is an industry that is very unforgiving when it comes to achieving bottom line profits. Not only is there little room for financial management missteps, the problem [...]

  • freshbooks

Freshbooks: Your Food Truck Invoicing Solution

The developers of FreshBooks understand that most food truck owners are not accountants. In fact, may leave it up to the pros so they don’t have to deal with keeping their books. This online food truck [...]

  • food truck accounting software

Finding The Best Food Truck Accounting Software

Ask vendors why they opened their food truck business and most will explain their love of food and desire to serve the general public. Few will bring up finance or accounting, yet every food truck [...]

Crowdfunding

  • ugly apple madison

Food Truck Crowdfunding Campaigns – August 26, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • smoothie operator

Food Truck Crowdfunding Campaigns – August 19, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • crave kiva

Food Truck Crowdfunding Campaigns – August 12, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • brunchies crowdfunding

Food Truck Crowdfunding Campaigns – August 5, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • food truck crowdfunding

Food Truck Crowdfunding 101

Once an unknown financing option for culinary entrepreneurs, food truck crowdfunding has quickly evolved into a fast, effective way to raise cash for just about any mobile food industry project. Crowdfunding’s growing popularity is good [...]

  • Press Waffle Co

Food Truck Crowdfunding Campaigns – July 22, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • big sexy food

Food Truck Crowdfunding Campaigns – June 10, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • sweet teeth toronto

Food Truck Crowdfunding Campaigns – June 3, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • ministry of sandwiches

Food Truck Crowdfunding Campaigns – May 6, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • caveman grocer

Food Truck Crowdfunding Campaigns – Apr 29, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

Financing

  • financing a food truck

Financing A Food Truck In A Tough Economy

Although food trucks are popping up across the country, some hopeful owners are still struggling financing a food truck, and this has many culinary entrepreneurs wondering how to go about getting the cash they need to either [...]

  • credit card financing

Credit Card Financing Your Food Truck Business

Are you one of the many food truck vendors financing or planning to finance your food truck startup with credit cards? Today we’ll examine credit card financing of a food truck business and discuss its [...]

  • Revenue Based Financing

Revenue Based Financing For Food Truck Growth

For food truck owners trying to expand their mobile food business, capital is a necessity. It's difficult to grow without funds to invest back into your business. But what happens if you're denied a bank [...]

  • food truck loans

Food Truck Loans: Why The Difficulty In Getting One

Only one third of small business owners (including prospective food truck owners) were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s [...]

  • Bolstr color logo

Expand Your Food Truck Business With Bolstr

Your food is great.  Your lines are consistent.  Your business has been steadily growing.  You’re ready to grow, but investment is the key. Mobile Cuisine is partnering with Bolstr to help food trucks take their [...]

  • bolstr_logo 3

Take Your Food Truck Business To The Next Level With bolstr

What does that even mean?  Do you add a truck, scout out a brick’n mortar location, or launch a line of grocery store products?  You’ve got the dream.  You’ve made the plan.  All you need [...]

Why Food Trucks Have Difficulty Getting Loans

Only one third of small business owners (including prospective food truck owners) were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s [...]

  • fix your credit

Fix Your Credit Before Applying For A Food Truck Loan

If you're planning to start your own food truck business, you want to check and fix your credit report before applying for a small business loan. Outside of your business plan, your credit report is the key document [...]

  • online lending scams

Beware Of Online Lending Scams

According to complaints filed with the Better Business Bureau, victims across the country have lost a total estimated quarter million dollars to online lending scams recently. Online lending scams scams target individuals and small business owners [...]

Start-up Capital for your Food Truck – Part 3

When starting up a new mobile food business, one of the first areas most prospective vendors get discouraged by is how they will come up with the money they will need to get their rolling [...]

Taxes

  • trade show expenses

How To Deal With Trade Show Expenses And Tax Deductions

With the National Restaurant Association show getting ready to kick off, many food truck industry members will be making their way to Chicago for the event. Unfortunately, this isn't as easy as it seems, there [...]

  • food truck sales tax

Food Truck Sales Tax Basics

As a mobile food vendor, one of your many responsibilities will be the correct payment of food truck sales tax. Even though the consumer is usually responsible for paying the tax, the vendor has the obligation [...]

  • 2016 Standard Mileage Rates

2016 Standard Mileage Rates For Food Trucks

The Internal Revenue Service has issued their 2016 standard mileage rates used to calculate the deductible costs of operating your food truck or other vehicles for your food truck business. As of Jan. 1, 2016, the 2016 standard [...]

  • food truck taxes

5 Tips To Get Your Food Truck Taxes In Order

As 2015 dwindles down, many food truck owners realize that the end of their fiscal year is closing in. Now is a great time to get your food truck taxes in order so that come [...]

  • futa

Understanding How FUTA Affects Your Food Truck

Food truck owners must pay federal and state unemployment taxes in order to fund the unemployment tax system. Unemployment compensation is designed to pay benefits to workers when they lose their jobs through no fault of [...]

  • food truck tax

Food Truck Tax Basics

Food truck tax filing obligations to the Federal government and dates that food truck taxes are due are typically based on the legal structure (we’ll cover the two most used in the mobile food industry) [...]

  • food truck tax return

Filing Your Food Truck Tax Return

It's tax day again and as many of you know, completing and filing a small business tax return for your food truck business is different than completing and filing your personal tax return. The primary difference is [...]

  • food truck tax tips

2014 Food Truck Tax Tips

As a mobile food vendor, tax season can be one of the most challenging times of the year. Since you're probably not an expert on the tax code, it can be stressful to file your [...]

  • tax tips

Last Minute Food Truck Tax Tips

At this time of year, the common saying that there are two certainties in life; death and taxes, food truck owners can feel that one is going to cause the other. But in this last week [...]

  • food truck tax tips

6 Food Truck Tax Tips Your CPA May Have Missed

The US tax code is something even the legislators who write it don’t fully understand, so it’s no wonder that even CPAs can neglect to advise you of all of the write-offs you have available [...]