Reserves in your business checking account are important because they give you a safety net for unforeseen expenses and help you weather unexpected business conditions. Having some cash set aside for emergencies will allow you to pay bills, cover staff costs, and purchase equipment and supplies. It will also help you invest in your business and expand. Business experts recommend that you begin looking for funding when your business is stable so you can shop around for the best deal. As a business owner, your cash reserves are the most important part of your business. This is why it's so important to set aside a portion of your monthly cash reserves in interest-bearing bank accounts. This will help you borrow from your business's reserve account when you need to, and it will also boost ...
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