Best Accounting Books for Small Business

The Tax and Legal Playbook: Game-Changing Solutions for Your Small-Business Questions

“The Tax and Legal Playbook: Game-Changing Solutions for Your Small-Business Questions” by Mark J. Kohler is an eye-opener for small business keepers. Kohler lets the reader walk through all the basic and major questions concerning small businesses. All the problems faced by small business owners are discussed in detail. The book covers major accounting decisions, tax techniques and strategies, and ways to eliminate scams. All the solutions are presented through different examples so small business owners can save themselves from trouble.

As a new business owner, if you feel indecisive or meet any loss in your business, you should give this book a read. It will give you all the needed information and help you feel confident in managing your business and finances without an accountant.

Accounting Made Simple: Accounting Explained in 100 Pages or Less

“Accounting Made Simple: Accounting Explained in 100 Pages or Less “by Mike Piper is considered one of the simplest books on accounting. The writer explains the important and valuable lessons of accounting in this book. The valuable lessons in this book are taken from other successful business owners. 

The best thing about this book is the use of simple language. The writer avoids using jargon to make things complicated, for starters. The real-life examples make it easier for the readers to understand and comprehend it. If you are a novice and have no idea about business finances, then this book will be the best for you. 

Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

“Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports” by Thomas Ittelson provides a detailed guide to accounting in a systematic way. The writer, in this book, explained that even the most successful business owners are not familiar with the accounting practices of their company. Therefore, they all can read this book and easily measure the health of their finances and improve it with time. This book proves to be one of the best for small business owners in understanding business and finances in depth.

This book will help readers manage their finances in a better way. Ittelson explains the financial interactions and their relationship with financial statements in a logical way. The writer gives straight examples regarding accounting principles, making this book easy to read. 

Accounting for Small Business Owners

“Accounting for Small Business Owners” by Tycho Press This book from Tycho Press covers all the basics of finances for small businesses. It helps a reader know about the business dealings in a better way. A small business owner learns to pay the employee, track expenses and other basics by reading this book by Tycho. The examples of payrolls are also included in this book, aligned with different methods to help readers choose any method. This book proves to be best for starters as they will learn about “HOW” before diving into the business field. This book is best for understanding finances and planning stages to reach your desired goals. 

Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble

“Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble” by Bernard B. Kamoroff gives you a complete guide to starting off your business from scratch. It covers all the basic concepts you need to know before entering the business. It tells in detail about running a business, paying taxes, managing bookkeeping and accounting details. The writer breaks down each section into simpler parts. A reader can easily understand the technical terms and complex processes by following the pace of this book. The writer has also included a few tables, graphs and worksheets that help a reader practice accounting and bookkeeping techniques. 

Simple Numbers, Straight Talk, Big Profits!

Simple Numbers, Straight Talk, Big Profits!” by Greg Crabtree is a detailed book on accounting. The writer of this book has more than thirty years of experience as an accountant and knows all the minor and significant complexities of accounting. The writer used practical examples and instructions to help people in accounting. The book starts with an easy mode, but the later chapters are a bit difficult to comprehend. The later chapters require a reader to understand profit, loss, balance sheet and statement of cash flows. 

This book helps accountants see beyond the numbers and help them make smart decisions focusing on each range of companies. The writer helps people align their financial goals with their business values. This book helps people identify the solutions for basic accounting problems like owner’s salary, labour’s productivity, business physics and profit targets. 

Accounting for the Numberphobic

Dawn Fotopulos’ book “Accounting for the Numberphobic” is considered to be one of the easiest reads for accounting purposes. The writer uses the simplest language to make people understand the complexity easily. The people who are number phobic can even understand it very well. This book talks about the three best financial statements in detail:

  • Profit and Loss
  • Statement of Cash Flow
  • Balance Sheet

The finances are hard to understand and interpret, but Fotopulos’s explanation in simpler terms will help you get all the ideas in no time.  

Finance for Nonfinancial Managers

“Finance for Nonfinancial Managers” by Gene Siciliano is a jargon-free book and is quite a simple read for any layman even. The writer explains in detail the methods of maintaining balance sheets, income statements, graphing profit and loss, and cash flow statements. Business owners who want to update themself and brush up on their financial knowledge can count on this book without any fear. This book helps the managers of big companies and small business owners. 

The writer also focuses on cost accounting and its principles. The idea of cost accounting is put forward as a way to increase your business profitability. The book relaxes the readers and tells them that cost accounting is not too complex. The writer has flagged key terms, signs, warnings, examples and tools for a reader to spot the concept he is looking for easily. 

The Accounting Game: Basic Accounting Fresh From the Lemonade Stand

It is a fact that humans learn best through games and by playing. Regardless of age, a person learns something after doing it practically. This book picks the accounting concepts and explains them as a game to make it more interesting for the readers. 

Darrell Mullis and Judith Orloff wrote this masterpiece for small business owners to help them with accounting complexities. The title itself is so cunning that the readers forget that they are delving into the accounting web. It includes the step-by-step processes and ways one can implement them in their business. The writers use a child’s lemonade stand to teach the complex ideas and basics of finances. The basic concepts like liabilities, assets, inventory, earnings, etc., are explained in this book systematically. 

This book is suggested to small business owners because:

  • The format relaxes the mind
  • The format gives hands-on experience
  • Stepwise process is easy to follow
  • Colour charts and worksheets help remember the complex terms
  • The fun story format makes it digestible

Accounting Principles: The Ultimate Beginner’s Guide to Accounting

“Accounting Principles: The Ultimate Beginner’s Guide to Accounting” by Gregory Becker provides a ground-up approach for people who want to learn accounting. “Accounting Principles” basically covers all the specific terminologies and the principles that are needed to understand the basics of accounting. In order to understand finances and their complex terminologies, it is recommended to understand the basics first. Afterwards, the book explains those terms with practical examples. This book is ideal for freshers and advanced learners in the accounting field. 

According to the writer, the most complex thing in accounting is understanding the terminology. Therefore, the book breaks down the complex terms and makes it easy for an average person to understand them. There are clear examples from the accounting world to understand the ideas better. This book is a perfect starter for learning everything that you need to know in the beginning. 

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