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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.
Re:Joint Statement by the Department of the Treasury, Federa... by eru on Monday March 13, 2023 @11:34PM (#35147101)
You could stick it in a money market fund that only invests in short term government bonds, for example. (Or a bank that does the same.)