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if youre a small business owner and you want to do your own bookkeeping but dont know how this video is for you consider this your bookkeeping 101 crash course here at bench weve done the books for thousands of small businesses bookkeeping may not be the most exciting thing ever but weve got it down to the science in this video well teach you what bookkeeping is why bookkeeping really matters and the seven steps to doing your own bookkeeping bookkeeping is defined as the process of tracking all of your companys financial transactions so you can see exactly where your business is spending money where your revenue is coming from and which tax deductions youll be able to claim thats a lot of words but why does bookkeeping matter for your small business number one bookkeeping matters because it helps you catch more tax deductions when you record and categorize every transaction in your business youll be able to see which expenses are tax deductible so that nothing falls through t