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so if youve decided to do your own bookkeeping one of the big questions youre going to have early on is how to categorize your transactions that is which bucket should this expense go into so its important here to understand where were trying to get to at the end of the day what youre going to want to see from your financial statements is where is your money coming from and where is it going to so with that in mind what were going to want to do when were categorizing expenses is not get too granular we want to keep it simple so lets use vehicle expenses as an example with vehicle expenses you can dump everything into a general vehicle expenses and not have to separate it out into fuel and insurance and all the other things that go into the car