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
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 their own. The Federal Unemployment Tax (FUTA) fund and state unemployment [...]
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 products sold to customers during the period. You deduct the [...]
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 downsides and alternatives for prospective vendors. When using credit cards [...]
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 loan or can't find investors? An option that just might work [...]
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 of the accounting records you need to keep will be [...]
Food Truck Tax Basics
Food truck tax filing obligations to the Federal government. The 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) you’ve selected for your food truck business and whether you [...]
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 means not overspending or wasting supplies, keeping only necessary staff [...]
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. This includes when it comes to achieving bottom line profits. Not only is there little room for financial management missteps, the problem is compounded by the lack of business experience [...]
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 needs to turn a profit and control their costs to [...]
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 finding is not surprising. Many economists, policy makers and food truck [...]