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
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
How To Avoid Common Food Truck Bookkeeping 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 [...]
Look Deeper Into Your Food Truck Financial Analysis
Your food truck financial analysis is always going to be important to track for your food truck empire. Just remember that they only tell part of a story. The bean counters love financial metrics because [...]
4 Simple Steps To Identify Counterfeit Cash
It used to be that spotting a "good" counterfeit bill was impossible for most people. If it was good enough to pass the "look and feel" test, then it was going to take an ultraviolet [...]
How To Properly Account For Your Food Truck Gift Cards
Have you noticed that around every holiday restaurants and food trucks make a big push to sell gift cards? They're wonderful as gifts or stocking stuffers and they're easy to wrap. The recipient can use them when [...]
6 Accounting Equations To Know For Your Food Truck Business
Running a food truck involves more than cooking great tasting food. You also need to have some accounting knowledge, this includes some basic accounting equations. One of the top reasons food trucks fail is because [...]
Crowdfunding
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 [...]
Must Follow Tips For Crowdfunding Your Food Truck
While food trucks aren't as capital intensive as restaurants, it isn't cheap to open a mobile food business. Truck build out and equipment costs, starting inventory, licenses, fees and working capital can easily add up [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
Financing
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 [...]
Don’t Allow Personal Bankruptcy To Stop You From Opening A Food Truck
Personal bankruptcy is designed to give people a fresh start. This process halts collection activity, pending lawsuits, and relieves people of unsustainable debts. If you’re looking to start a food truck business, the promise of [...]
Repair Your Credit Score Now With These Simple Tips
Has your poor credit score been holding you back from getting a food truck loan? These days, many people looking to enter the food truck industry have had tough financial challenges that have killed their [...]
Getting A Business Loan To Start Your Food Truck Business
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 [...]
What You Need To Know When Financing Your Food Truck
When veteran Don McPeck and his son Jake, a chef, won Food Network’s two-day completion for their riff on mess hall themed cuisine, they won a one-year lease on a custom-built food truck, and the [...]
7 Common Reasons For Food Truck Loan Denials
No one likes rejection. Especially when it comes in the form of loan denials for your future food truck empire. Educating yourself about why businesses do or do not receive financing is the first step to [...]
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 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 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: 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 [...]
Taxes
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 [...]
Tax Tips For Students With A Summer Job In The Food Truck Industry
Are you a student who is earning extra cash in a food truck this summer? As the economy picks up, young people 18 and older are finding work in a variety of roles in the [...]
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 [...]
2018 Standard Mileage Rates For Food Trucks
The Internal Revenue Service has issued their 2018 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, 2018, the 2018 standard [...]
How Trump Tax Bill Will Affect Your Food Truck Business
The final version of the Trump tax bill seems to be hours away from being signed into law. Developed as a combination recent House and Senate tax bills, this plan combines both versions into an overhaul tax reform bill. [...]
2017 Standard Mileage Rates For Food Trucks
The Internal Revenue Service has issued their 2017 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, 2017, the 2017 standard [...]
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 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 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 [...]
5 Tips To Get Your Food Truck Taxes In Order
As the year 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 [...]