asked 67.7k views
4 votes
How much should be in the reserve for fixed expenses?

asked
User Busch
by
8.9k points

1 Answer

6 votes

Answer:

The short answer is that your cash reserve should be sufficient for you to feel comfortable running your business. Some experts recommend having three months of expenses. Others recommend six months. I would suggest speaking to your CPA or financial adviser to determine the right number for your business.

Step-by-step explanation:

answered
User Einar
by
7.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.