During this session, the presenters will outline the importance of bank financing options in cash flow management for business. Our experts will also discuss the components of business, the importance and purpose of bookkeeping, and the purpose of different financial reports. The importance of accounting, budgeting, and bookkeeping terminology will also be discussed. Some of the main points that will be discussed throughout the presentation are as follows: lines of credit vs. business loans, cash vs. accrual accounting, and proper accounting data flow processes. The presenters will also discuss how to avoid excessive tax penalties and how to reduce small business’ taxes, as well as understanding many of the taxes that affect business and profits.