As an owner of your small business, you want to be aware of your business’s financial status. Many small business owners lack basic accounting knowledge. Apparently, they have to fully depend on their bookkeeper or accountant for the explanation of their financial statements. Having accounting knowledge and awareness of your business’s financial state helps you to make good confident decisions. The best accounting books for small businesses might be useful in this situation.
Reading on any topic can help you build a better understanding. Even if you’re not an accountant by profession, a basic knowledge of accounting can be beneficial for you and your growing business.
As a small business owner, if you also want to have accounting knowledge on your own. Then there are hundreds of books available that will assist you to get a better outline in accounting. We’ve listed 10 books that will make learning accounting easy and interesting. Unlike typical textbooks, the ones in my collection provide distinctive and useful methods for studying basic, intermediate, or advanced accounting.
Here is the list of the 10 best accounting books for small business owners.
10 Best Accounting Books For Small Business Owners
The list is contained books that will give you the accounting overview from basic to advanced. The tips and hacks that you will get from these books will help you make quality decisions in business. Here is the list of books for learning accounting and basic financing.
1) Accounting QuickStart Guide by Josh Bauerle CPA
“Accounting QuickStart Guide” is the only accounting book that is written by CPA with is highly focused on both accounting students and small business owners. It is also one of the best-selling books on Amazon.
Unlike other accounting books, where readers complain about the dryness and difficulty. Here, “Josh Bauerle” clarifies and defines fundamental accounting concepts through fun stories, real-world examples, and sample problems. This book helps business owners to manage their business cash flow, better auditing, and increase profits. The easy and informative format of this book keeps the readers focused on the aspects that the author wanted to deliver.
No doubt this book is a full package of accounting knowledge for every beginner business owner. This book will teach you Tax Accounting, Financial Accounting, and Managerial Accounting. It also teaches how to Fraud-Proof Your Business using some simple accounting tactics. The print length of the book is total 213 pages and is also available on Kindle.
2) Accounting for Small Business Owners by Tycho Press
Tycho Press “Accounting for Small Business Owners” is one of the highly dedicated accounting books that any business owner needs to read once. This book mainly focuses on various small business accounting aspects from teaching money handling to expenditure tracking.
Reading this book helps small business owners to get a better understanding of business finances and growth planning. This book includes key aspects like setting up and running a business, performing mong-end balancing of accounts packed with basic accounting terms definitions, samples of accounting statements, and simple accounting process tips and tricks.
Book has every aspect covered for any small business owners to get their business accounting job done. This book is full of 124 pages and also available in Kindle editions.
3) Accounting All-in-One for Dummies, With Online Practice – by Kenneth W. Boyd
This book is one of the best books for small business owners and anyone who want to gain basic ideas in accounting. According to many of the reader’s reviews, this book is easy to learn the overall concept of accounting.
Like the phrase in the title “all-in-one” this book is a combination of its nine separate books. All the important aspects from the other nine books are gathered beautifully in this book for better overall understanding. This book includes necessary aspects like Setting up Your Accounting System, Preparing Balance Sheets and Income Statements, Auditing, Detecting Financial Fraud, and handling cash. Readers small business owners with no accounting knowledge can also learn so much from this easily. There are also videos and quizzes available in the online version of this book.
With the all key aspects of nine books, this book contains all the necessary outlines of the information that will help any small business owner or accountant.
4) Accounting for Non-Accountants by David Horner
Accounting for Non-Accountants is another great book to learn accounting from business owners and non-accountant persons. This book covers the necessary details of both financial and management accounting and represents it in an easy and understandable way.
The book is the 12th edition with 392 pages it also includes review questions in every chapter, with answers and appropriate workings. The last chapter introduces topics like Tax, Transfer pricing, and Creative accounting and focuses on the effects of changes in the economic environment on firms.
The author mainly focuses on basic accounting principles and practices that can be easy to understand for those who are new to it. This is a great book to read if you don’t know anything about the accounting since it breaks down difficult concepts in simple words.
ALSO READ: 10 Ideal Budgeting Software For Small Business
5) Bookkeeping and Accounting All-in-One For Dummies by Jane Kelly
“Bookkeeping and Accounting All-in-One For Dummies” is another great book for small business owners that gives overall information on running and maintaining a successful business. This book is easy for understanding the harder numeric finance tactics that usually scare many readers.
The book contains all the latest accounting practices and bookkeeping software that helps to keep your business finance in a great position. It covers the important aspects from Preparing Financial Statements, Tax Management, and Balancing your Books, to so much more. It also includes various practical bookkeeping and accounting exercise along with templates. This thorough handbook gives you the tools you need to manage those troublesome numbers and keep your business healthy, whether you’re a small business owner, employee, or both.
The book has a print length of 488 pages and is also available on Kindle.
6) Warren Buffett Accounting Book by Stig Brodersen and Prestin Pysh
“Warren Buffett Accounting Book” is another great book for small business owners, employees, and business persons. The book is more interesting to read and actually easy to understand the basics of accounting principles.
This is the second volume learning experience of Warren Buffett’s three favorite Books. This book teaches about what is the discount rate and how it works, two methods for calculating the intrinsic value of the company, and detailed instructions on how to read an income statement, cash flow statement, and balance sheets. The books also teach you about calculating business major ratios to properly value it.
The book’s print length is 256 pages and is also available on Kindle. Also, the book total has two series.
7) Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree
“Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential” is written by Greg Crabtree and Beverly Blair Harzog and is one of the best accounting books for beginners and small business owners. The author “Greg Crabtree” is also an accountant with more than three decades of experience.
The author uses effective practical examples and step-by-step guides to use your numbers to lead your business to profitability. The writer also has a website called (simplenumberscri.com) that provides “Free Tools” to support the reading of the book. The chapters of this book are highly effective yet simple for every new business owner or business employee. This book is a fantastic resource for small business financial knowledge; it concentrates on the realities of small businesses and provides you with practical tools, advice, and tactics to run a strong, successful company.
The book has a print length of 200 pages and is also available on Kindle.
8) Finance for Nonfinancial Managers by Gene Siciliano
For every small business owner “Finance for Nonfinance Managers” by gene Siciliano is another great book to understand the basics of accounting for your business. This book helps you comprehend the data in crucial financial reports and then demonstrates how to utilize that knowledge to make smart decisions.
The book will provide various aspects of knowledge like Basic Financial Reports, Cost Accounting, and Operational Planning and Budgeting. This aspect includes all the other small terms from balance sheets to strengthen the financial knowledge of your business. There are so many important terms like Smart Managing, Tricks of the Trade, Mistake Proofing, and many more. The book is a full package of knowledge that will give you accounting ideas from every direction.
The print length of the book is 272 pages and it is also available on Kindle.
ALSO READ: 10 Best Work Order Software for Small Business
9) Accounting Principles: The Ultimate Beginner’s Guide to Accounting by Gregory Becker
If you are the owner of any small business or an employee of the business who wants to get the overall basics of accounting by reading great books. Then “Accounting Principles: The Ultimate Beginner’s Guide to Accounting” by “Gregory Becker” is one of the best books to get started with.
This book is very easy to understand for every average person. The book explains the important terms and principles of accounting that is easy to read and very impactful. As you read there are various clear examples that will guide you the better apply the principles to accounting work. The book is highly focused on accounting principles so it can be the perfect guide for people who want to enter the accounting field.
The print length of the book is 170 pages and it is also available on Kindle.
10) Accounting for the Numberphobic by Dawn Fotopulos
“Accounting for the Numberphobic: A Survival Guide for Small Business Owners” is another great book on our list that is very helpful for every small business owner out there. The book will give you complete accounting knowledge that you can use in your everyday financial life.
You will discover aspects like Net income statement as a key to growing business profit, identifying the break-even point, Real-world advice on measuring and increasing cash flow, Balance sheet, and many more. Being able to explain how the three major financial statements, including profit and loss statements, work makes it one of the finest management account books.
The print length of the book is 272 pages and is also available on Kindle.
For small business owners to have a deeper grasp of financial management, reading accounting books is a key step. It will help to make informed decisions, track their expenses and revenue, and maintain accurate financial records. If you get the basics of accounting by reading these above books then as a business owner you can ensure the financial stability and success of your business. Reading and having accounting knowledge is an investment in your own future and the future of your small business.
Giving an hour of everyday time for reading will help you your update accounting knowledge. Reading and consulting with other professionals about it can help any small business owners stay ahead in an ever-evolving business environment.
ALSO READ: 10 Free Email Marketing Tools For Small Business