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so if youamp;#39;ve decided to do your own bookkeeping one of the big questions youamp;#39;re going to have early on is how to categorize your transactions that is which bucket should this expense go into so itamp;#39;s important here to understand where weamp;#39;re trying to get to at the end of the day what youamp;#39;re 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 weamp;#39;re going to want to do when weamp;#39;re categorizing expenses is not get too granular we want to keep it simple so letamp;#39;s 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