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

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It is always important to prepare for unforeseen circumstances. Cash reserves are basically your small business emergency fund. In this video, Morgan Law (‪@FinePointsBookkeeping‬) 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
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