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lets be honest none of us started a business to do bookkeeping but without it most businesses dont last very long so lets go over the bookkeeping basics for small business what is it why its important and how to do it in a few simple steps and Im talking as simple as smashing the like button for the YouTube algorithm it truly helps the channel okay lets get right into it foreign starting with what is bookkeeping and why is it even important so the textbook definition of bookkeeping is the systematic routine method of retrieving financial information categorizing that information and putting it into an accounting system and generating reports that are then used by decision maker to make better financial decisions in the future yeah heres a definition you can actually understand bookkeeping is the recording of past financial data so that you can make future business decisions so how can you perform the bookkeeping duties for your small business well all it takes is a simple six st