This video will teach you all about bookkeeping concepts, charts of accounts, and how everything should be balanced and organized to produce financial reports. Let’s explore some options for software and your action plan to keep your numbers up to date!
00:00 – Introduction and NV Road Map
04:04 – IRS publication and resources
10:34 – Why get organized?
13:35 – Bookkeeping process
26:00 – Five types of accounts
45:15 – Example: category and type of account
01:01:36 – resources = debts + owner’s equity
01:06:01 – Example
01:18:02 – Bookkeeping software
01:28:31 – Action plan
This video is from the Small company Education Program. Visit our webpage for resources, upcoming classes, and more: extension.unr.edu/BusDev
UNR Extension Presenter: Juan Salas
The Small company Education Program is part of the University of Nevada Extension’s Community and Economic Development Team. The Small company Education Program aims to instruct small company owners and entrepreneurs about fundamental company concepts while providing access and direction to informational resources. The program team is bilingual in English and Spanish and strives to deliver as much content as possible in both languages.
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