Re:Joint Statement by the Department of the Treasury, Federa...
by tlb on Monday March 13, 2023 @06:35AM
(#35133756)
It gets difficult as you grow. A monthly payroll for 40 employees is around $500k, which all goes out on the same day. You can't avoid having that much money in your checking account. A well-run barely-profitable company might float between 3 and 6 months salary in the bank, with spikes and dips when they get paid or buy equipment. Businesses like that need accounts capable of safely holding several million.
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