Table of Contents
You can do a Google search to find the best Accounting books on a certain topic, but then you’ll see hundreds of “Best of Lists,” which doesn’t help much unless you want to spend a whole day reading through all of them. This means that accounting lets us see things like how much money you are making, how much you are worth, how much money you spend, and where you can make changes to make more money.
Do you want to learn more about accounting and are you looking for a great book that will help you learn it quickly? If so, you’re in the right place. Here is a list of the best books for beginners to learn accounting. Accounting experts highly recommend these books, which help students learn the basics of accounting. These resources will help you build a career in this promising field and make you a better Accountant.
Best Accounting Books
Dictionary of Accounting
Specification
| Dimensions | 7.7 x 1.2 x 5.1 inches |
| Item Weight | 11.6 ounces |
| Language | English |
| Publisher | Oxford University Press; 4th edition (May 6, 2010) |
Many accounting terms have easy-to-find definitions online, like here at Investopedia. But the 480-page Dictionary of Accounting from Oxford University Press would be a good choice for a handy desk reference.
It was put together by Jonathan Law and has more than 3,800 definitions of accounting terms used not only in the United States but also in the United Kingdom, India, and the Asia-Pacific area. The fifth edition of this dictionary, which came out in 2016, is the most recent one.
QuickBooks 2022 All-in-One for Dummies
Specification
| Dimensions | 7.4 x 1.6 x 9.1 inches |
| Item Weight | 1.85 pounds |
| Language | English |
| Publisher | For Dummies; 1st edition (November 22, 2021) |
CPA Stephen L. Nelson’s QuickBooks 2022 All-in-One for Dummies is a complete guide for both new and experienced QuickBooks users. The word “all-in-one” in the title of this book means that its 640 pages are split into eight different books, each of which covers a different subject.
Nelson walks readers through each of QuickBooks’s many functions, such as invoicing, paying vendors, tracking inventory, managing bank accounts, coordinating payroll, and making budgets and financial statements.
Accounting Handbook
Specification
| Dimensions | 6.25 x 2.25 x 9.25 inches |
| Item Weight | 3.25 pounds |
| Language | English |
| Publisher | Barron’s Educational Series; 5th edition (October 1, 2010) |
When so many CPAs write a book, it’s worth reading because they did the work for free. But this book is worth keeping because it meets so many different accounting requirements. The authors carefully wrote down the details of financial accounting and described every part of financial statements.
They also went into detail about financial reporting requirements and compliance, as well as U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). Cost management, tax forms, and how to fill them out are also covered in their own chapters.
The Tax and Legal Playbook
Specification
| Dimensions | 6 x 0.75 x 9 inches |
| Item Weight | 14.5 ounces |
| Language | English |
| Publisher | Entrepreneur Press (April 28, 2015) |
Accounting is hard, and when you mix it with tax, you get a dangerous mix of two hard subjects. But Kohler takes accounting and taxes in a funny way, which throws all seriousness out the window. Small business owners often get so caught up in the complexities of legal entities that they miss out on their product.
This is bad for them in the long run because they won’t be able to sell their product. Kohler is an expert on accounting and taxes, and he writes great articles that help people save time and money. The book tells you the bare truth about legal questions, so you can make better decisions to protect your assets.
Accounting for the Numberphobic
Specification
| Dimensions | 6 x 0.63 x 9 inches |
| Item Weight | 15.5 ounces |
| Language | English |
| Publisher | AMACOM; First edition (September 3, 2014) |
Dawn Fotopulos wrote a book called Accounting for the Number-Afraid. You’ll learn about financial statements, ledgers, and profit-and-loss reports in this book. This book explains the Net Income Statement, Cash Flow Statement, and Balance Sheet in a way that is easy to understand.
The book tells you how to figure out how healthy your business is as a whole. This accounting reference book explains in plain English how each measurement shows how well your business is doing overall and how it affects your decisions.
Accounting for Small Business Owners
Specification
| Dimensions | 7 x 0.28 x 10 inches |
| Item Weight | 10.4 ounces |
| Language | English |
| Publisher | Tycho Press; Gld edition (April 10, 2015) |
Tycho Press wrote a book called Accounting for Small Business Owners. This book on accounting explains how to set up good accounting for your business and how to handle common financial situations. The book has many examples of accounting statements and definitions of basic accounting terms.
It also has a lot of tips and tricks that will help you with accounting. Manage and sell your product or service, and balance your books at the end of each month. This book has explanations of basic accounting terms, examples of accounting statements, and a lot of tips to make accounting easier.
Tax Savvy for Small Business
Specification
| Dimensions | 8.5 x 1 x 11 inches |
| Item Weight | 1.8 pounds |
| Language | English |
| Publisher | NOLO; Twenty first edition (January 26, 2021) |
Tax accounting is one of the most important things to know about running a business. The author of “Tax Savvy for Small Business,” Frederick W. Daily, has worked as a tax lawyer for 35 years. He tells you what he knows to be true, which is that smart tax planning can help protect and increase your bottom line.
This guide covers everything you need to know about business tax accounting, such as how to figure out if you qualify for tax credits and how to get the most out of them, which expenses and long-term assets you can write off, and how to keep perfect financial records.
Profit First
Specification
| Dimensions | 6.18 x 0.82 x 9.3 inches |
| Item Weight | 14.4 ounces |
| Language | English |
| Publisher | Portfolio; Reissue edition (February 21, 2017) |
“Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine” is part accounting book and part business strategy book. It shows business owners how to put profits first. With a different accounting perspective and a breakdown of four key accounting principles, readers will learn how to simplify their bookkeeping and focus on paying themselves first.
The idea is similar to what money experts often say to do to save money: instead of taking money from what is left over, take some money directly from your income. This is a great book to read because the author, Mike Michalowicz, writes in a simple way that makes it easy to understand. As a serial entrepreneur, Michalowicz also gives a lot of examples of how his ideas work in the real world.
FAQs
What books should you read to improve accounting?
- A Brief History of Economic Genius
- Warren Buffett Accounting
- Essentialism: The Disciplined Pursuit of Less
- The Bottom Line Is Betrayal
- The Tax and Legal Playbook
Who is the father of accountancy?
Luca Pacioli was born in 1446 or 1447 in Borgo San Sepolcro, which is now in what is now Northern Italy. He was a Franciscan friar. People think that he died on June 19, 1517, in the same town.
Which is the prime book of accounting?
A diary is called a “primary book.” Books of Prime Entry are a better way to do accounting than double-entry books. In basic double entry, there is a double entry in the general journal, which is then posted to the accounts in the general ledger.
What is the best way to study for accounting?
“REVIEW AS YOU GO” is the best way to learn accounting and remember what you’ve learned. If cramming for a history test the night before is a bad idea, cramming for an accounting test is even worse. Don’t wait until exam time to look over your accounting.