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Festivalnet.Com blog

Festivalnet.Com

Clean Up Your Accounting

By Richard Myrick, Posted 11/15/18 11:17:03

Cleanup Your Accounting With These 4 Bookkeeping Tips
Richard Myrick for mobile-cuisine.com

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Getting a better handle on your money can help you to make and keep long-term goals, smooth out the seasonal ups and downs of your cash flow and maybe improve your food truck profits. It can also help you stay out of trouble with the IRS.

Plan for major expenses

The first of our bookkeeping tips is to put events like a major POS upgrade on the calendar. Mark it a year in advance or, ideally, three to five years ahead. Be sure to take seasonal ups and downs into account.

By following this tip, you’ll avoid taking money out of your food truck business during the flush periods only to find yourself short in the slower months, when costly projects like upgrading kitchen equipment usually happen

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