With so many accounting books out there – many of them of the standard textbook variety – we found the best ones that are both practical and readable.
Author Kenneth W. Boyd will teach you everything from how to set up your accounting system to working with balance sheets and income statements. There are also more advanced sections on making financial business decisions and detecting fraud, as well as other accounting niches. Newbies and pros alike will find value in this book, whether it’s used as a training manual or a handy reference.
As a bonus, you’ll also get access to online quizzes that correspond to each book section to make sure your newly-developed skills are sinking in.
It covers the most important aspects of accounting that relate to your business including how to understand a net income statement, cash flow statement, and balance sheet. More importantly, it helps you answer those key questions like what your business is worth or how much revenue you need to be profitable.
This guide covers all of the essential business tax accounting topics, including how to figure out if you’re eligible for tax credits and how to maximize them, which expenses and long-term assets you can write off, and how to maintain pristine financial records. And though the last thing you want is an audit, this book covers how to deal with one. This new version also covers all of the newest tax laws, so you’ll be up to date.
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The concept is similar to what money experts often recommend when it comes to saving money—take some money directly from your income, instead of taking from what is leftover. In addition to his unique accounting and budgeting hacks, author Mike Michalowicz’s down-to-earth language makes this a great read. As a serial entrepreneur, Michalowicz also shares lots of case studies to help illustrate his theories in practice.
The latest sixth edition includes 90 new best practices and two extra chapters on credit and collections.
It breaks down complex accounting terms and concepts into relatable language and step-by-step illustrations in just 179 pages. Each section ends with quizzes and worksheets with sample spreadsheets to help readers master each topic. All in all, this book is a good find for accounting students as well as anyone looking to understand their own finances.
Most importantly, the book teaches you how to calculate the value of a company using two different methods. Even more, aspiring investors will learn how to read an income statement, balance sheet, and cash flow statement—all essential when deciding which organizations are a good fit for your portfolio.
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The book clocks in at over 1,000 pages, including a dictionary of accounting terms, so it’s not exactly light reading. But for advanced accounting students, it’s a worthy addition to your bookshelf.
The book breaks down everything from understanding and creating financial statements to the difference between the cash method and the accrual method. It also touches on other big financial concepts like depreciation, amortization, and more in a way that a novice can understand. Best of all, Piper includes helpful examples to bring these concepts to life.
