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Come learn about the bookkeeping process. We'll define categories, account types, assets, liabilities, and equity. We'll cover how to keep everything organized to generate usable financial reports. We'll also discuss accounting software and an action plan. 00:00 - Introduction and Resources in Nevada 02:35 - IRS Definition and Requirements - Publications 11:55 - Organizing Transactions: Categories and Account Types 26:24 - Exercise: Each Category with an Account Type 35:26 - Example of the Process and Maintaining Order 54:21 - Bookkeeping Software: Expectations and Action Plan This video is from the Small Business Education Program. Visit our page for resources, upcoming classes, and more: extension.unr.edu/BusDev UNR Extension Presenter: Juan Salas The Small Business Education Program is part of the University of Nevada Extension’s Community and Economic Development Team. The Small Business Education Program aims to educate small business owners and entrepreneurs on fundamental business concepts while providing access to and guidance on informational resources. The team is bilingual in English and Spanish and strives to deliver as much content as possible in both languages. Do you have an idea for a future video? Is there a business concept you'd like to learn more about? Please leave a comment or send us a message through the contact form on our website: extension.unr.edu/BusDev Don't forget to like and follow us on Facebook: facebook.com/UNRExtension

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