Food Truck Money Matters
Money Matters
Looking to purchase a new food truck or expand your existing mobile food empire? These articles were designed to help everyone from the novice to food truck veterans in the areas of money matters.
Food Truck Finances Articles
6 Crucial Steps To Crowdfunding Your Food Truck
While not as expensive as restaurants, food trucks are some of the most capital-intensive businesses to start. Build-out and equipment costs, starting inventory, licenses, fees and working capital can easily add up to over a hundred thousands of dollars. To make matters worse, banks don't usually [...]
How To Choose A Bank For Your Food Truck Business
Every food truck business needs a bank account. If for no other reason, it can help you keep your personal and business finances separate. But how do you choose a bank that fits your business needs? In today's market, bank options vary a lot in terms of [...]
5 Accounting Topics Food Truckers Should Discuss With A Professional
Come tax time, most business owners have their CPA on speed dial. But here's a question. How often do you seek your accountant’s advice on other areas of your food truck business? Accountants are awesome financial advisors who can help you with more than just [...]
2019 Standard Mileage Rates For Food Trucks
The Internal Revenue Service has issued their 2019 standard mileage rates. Used these rates to calculate the deductible costs of operating your food truck. As of Jan. 1, 2019, these 2019 standard mileage rates are for the use of your food truck or other vehicles used to operate [...]
Questions To Ask An Accountant For Your Food Truck
As a food truck owner, you wear many hats. From line cook to tax accountant, your plate is typically full 24/7. Once food truck owners being expanding their mobile food empires, they usually look to bring in professionals to help them ease the pressure by [...]
Cleanup Your Accounting With These 4 Bookkeeping Tips
Food truck owners have a tendency to keep a lot of the financial details of their business in their heads. Operating this way has its advantages. Going this route assures no new software to learn, no danger of a system wide data loss. Also, you can [...]
Times When You Shouldn’t Provide A Comp Meal
Providing a comp meal is the act of providing a customer a food or beverage item for free. While this is a common practice of food truck owners, a comp meal should only be used in certain situations. By comping your food or beverages, you [...]
Setting Minimum Credit Card Charges For Food Trucks
One question we often receive is about the ability of food truck owners setting minimum credit card charges for their customers. Today we will dig in and provide the answers. To start off, we’ll get to the heart of the debate. Until 2010, credit card brands [...]
7 Characteristics Of Successful Crowdfunding Campaigns
Crowdfunding for food truck startups is quickly becoming a safe, low cost method for culinary entrepreneurs to enter the world of mobile food. So how does someone fund their campaign through sites such as Kickstarter or GoFundMe? Well, there is no guarantee of success, but over the [...]
Business Credit Cards Simplify Food Truck Record Keeping
It's true that careless use of credit cards can put your food truck out of business faster than you can swipe your card. When used effectively, business credit cards can simplify your financial record keeping for your mobile food business. Not only that, they can even [...]