How to create and manage a business cash reserve | Morgan Law @FinePoints

How to create and manage a business cash reserve | Morgan Law @FinePoints

  Learn more about business cash reserves: (For US-based businesses) https://intuit.me/3jE3I2l (For Canada-based businesses) https://intuit.me/3DvOZxZ It is always important to prepare for unforeseen circumstances. Cash reserves are basically your small business emergency fund. In this video, Morgan Law (@FinePoints) walks you through the fundamentals of a business cash reserve - how to create one and how much you should set aside. 00:00 - Introduction 00:59 - What are business cash reserves? 01:22 - Why are cash reserves important? 01:53 - How much to keep in business cash reserves 03:13 - 3 tips for creating a business cash reserve   This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them. Click for the latest updates...