What do you do with the cash earned after a fair?
Separate your float, deposit earnings promptly, and log everything so every dollar is accounted for.
After closing, first pull out your starting float—this isn’t profit. Deposit the remaining cash into your business account as soon as possible for safety and clear records.
Record and set aside tax
Log totals in your bookkeeping, note event details, and separate any sales tax collected. Every dollar ideally matches your records.
Keep a paper trail
Use a cash log or app to tag sales by event. If you ever exceed $10,000 from one customer or related transactions, know the IRS requires Form 8300. Otherwise, deposit promptly and earmark funds for expenses, reinvestment, or savings.
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