I talk with small business owners who are struggling during this pandemic. One of the questions I ask is "Do you have enough in cash reserves to cover expenses for the next 30-90 days?" Why? These reserves are crucial to help you pay vendors and employees during a financial crisis. Here’s how to figure out how much cash reserves your business needs for the next three months.
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Posted by: Charles P Myrick CPA
Posted on: Jul 24 2020