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
Completing A Breakeven Analysis For Your Food Truck Business
Have you been wondering how to do breakeven analysis for your food truck? Completing a breakeven analysis is a matter of simple math if you can accurately forecast the costs and sales your mobile food business [...]
Know Exactly Where Your Food Truck Profit Comes From
Mobile food vendors often focus on profitability without much regard for where exactly their food truck profit is coming from. Running a profitable food truck should be looked at like a stock broker. Vendors must diversify to [...]
How To Avoid Food Truck Business Cash Flow Problems
Most food truck businesses encounter a cash flow problem at one time or another. Fortunately, most food truck business cash flow problems can be prevented with a bit of preparation and the right strategy. Positive or [...]
5 Ways To Avoid Costly Food Truck Payroll Mistakes
Whether you own a single food truck with one employee or a growing food truck empire with dozens, mistakes are bound to happen. Unfortunately, these payroll mistakes can end up costing vendors a lot of money. Recent [...]
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: 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. [...]
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 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 [...]
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 [...]
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 [...]
Crowdfunding
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 [...]
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 [...]
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
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 [...]
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 [...]
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 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 [...]
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 [...]
Taxes
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 [...]
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 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) [...]
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 [...]
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 [...]
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 [...]
