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In this video tutorial, the speaker explains that bookkeeping does not have to be expensive or complicated. They propose using free tools like Google Sheets or Excel for effective bookkeeping, especially for small business owners or bookkeepers managing client accounts. While acknowledged programs like QuickBooks and Xero can be beneficial, the speaker suggests that beginners might find it helpful to start with Google Sheets to understand the basics of recording transactions. This method allows users to familiarize themselves with the bookkeeping process without a significant financial commitment.