With this book, you can set up a bookkeeping system and solve all of your bookkeeping issues. Moreover, this book is written in a very lucid language, and the concepts are chunked down into smaller parts so that you can understand them better. This book will also help you apply for a position in a non-profit as a bookkeeper. If you are looking for a book for your start-up/small business, grab this book and start learning. This book will teach you step-by-step how to keep books without being too bogged down. This book is not for advanced bookkeepers and is specially written for those who need help learning bookkeeping from scratch.
The 15 Best Accounting Books of 2025
- A small business can likely do all its own bookkeeping using accounting software.
- Next, check out this list of bookkeeping software and this one with accounting software.
- This book is a great way to understand your bookkeeping process by doing.
- If you do the latter and have established a relationship with a payment processor, then your invoice can contain a stub explaining how the customer can return payment via credit card or bank withdrawal.
- Bookkeepers using the U.S. version of Xero can learn how to set up accounts and record transactions in Amanda Aguillard’s handy guide.
Accounting for the Numberphobic by Dawn Fotopulos is another of the best accounting books for small businesses. Plus, it’s written for people who may not feel comfortable around numbers. Each of the best accounting books for small business included on our list is ideal for the small business owner. By setting aside 30 minutes to an hour each day, you can quickly read through the books on this list, extract the information most valuable to you, and implement the actions and steps that resonate with you. Consider keeping a pad of post-it notes close at hand to jot down thoughts and ideas you might want to revisit at a later time and make sure to follow up on your takeaways to keep them top of mind. Like a few of the other accounting books on our list, “Accounting Made Simple” avoids technical accounting jargon and explains complicated accounting principles with straightforward, real-life examples.
- If you have expenses on the road, you can usually take pictures of receipts with your smartphone and upload them to your accounting app.
- For author updates or professional engagements, connect with him on LinkedIn, or know more about him through Mercury Group Press’ website.
- Would you like to let customers pay with credit cards and bank withdrawals?
- We also have a list of the best tax preparation software and one with software for payroll.
- Financial accounting is not only an essential part of running a small business but also crucial to understanding your financial performance.
- Diligent categorization gives you more accurate reports and income tax returns.
Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble
Looking for an ultimate guide that you can reference time and time again? Then grab a copy of Bookkeeping and Accounting for Dummies by Jane Kelly. This book, or six books in one, offers comprehensive unearned revenue information for both accounting and bookkeeping. Financial accounting is not only an essential part of running a small business but also crucial to understanding your financial performance. This book offers a fresh take on financial strategies, making it a must-read for entrepreneurs at any stage. It will change how you view your business’s finances, leading to better profitability and financial security.
Products and Services
You would record a debit entry of $225 in an expense account and an offsetting credit entry of $225 in a cash asset account. As a result, you can set up bookkeeping and accounting systems that are efficient and easy to manage. Plus, you’ll know the key terms and better understand your financial performance overall. With this book, Fotopulous can help you easily read and understand your financial statements and spreadsheets.
Recording Transactions
Solopreneur ($20 per month) targets sole proprietors like freelancers and independent contractors, while the more advanced Wave Pro ($16 per month) can handle a very small business with employees. The other six are more expensive ($30 to $99 per month), feature-rich, and customizable. Each has multiple tiers of service to meet the needs of companies that vary in size and complexity. QuickBooks Online is expensive, so it’s most appropriate for small businesses with a technology budget.
Stress-free finances are within your grasp!
Implementing these tips can lead to significant growth in the financial services sector. It’s not just for future CPAs; it’s Certified Bookkeeper for anyone who wants to get a grip on their business finances without feeling overwhelmed. If you’re looking for a straightforward way to understand your financials, this book is a great place to start.
- You’ll need a basic understanding of how your financial statements (profit and loss statement, balance sheet, and statement of cash flows) work together to fully grasp some of the later chapters.
- Thomas Ittelson breaks down the world of financial reports into simple, easy-to-understand steps.
- Instead, Crabtree uses practical examples and step-by-step instructions to use your numbers to guide your business to profitability, which is why “Simple Numbers, Straight Talk, Big Profits!
- Every accounting solution tries to automatically categorize at least some transactions.
- Key terms, warning signs, examples, and tools are flagged by symbols and boxes, which makes it easy to quickly locate what term or concept you are looking for as you skim through the book.
- The software is easy enough to learn if you are an inexperienced bookkeeper but still gives you enough advanced features if your needs are more demanding.
- Standard financial reports—such as Balance Sheet, Profit and Loss, Statement of Cash Flows, and Trial Balance—are the kind of documents you need if you ever want to get a loan from a bank or attract investors.
This version of “Accounting All-in-One for Dummies” includes bookkeeping everything from setting up your accounting system to preparing balance sheets and income statements, to handling cash. Xero is a popular online accounting software that allows businesses cloud-based tracking of transactions. Bookkeepers using the U.S. version of Xero can learn how to set up accounts and record transactions in Amanda Aguillard’s handy guide. You can also explore basic bookkeeping functions and read through the author’s recommended best practices to help you maximize Xero’s capabilities. If your company uses other cloud-based business software, then you can learn how to integrate those programs with your Xero setup. This book also includes helpful templates for invoices, bills, and vital financial reports.
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If so, you need to sign up with a payment processor such as PayPal or Stripe. Of course, this service involves paying transaction fees that can differ slightly from app to app. We rate these applications primarily based on how easy they are to use, how much they do, and their price. Here’s a summary of each book, what it teaches, and why I think you should read it. Share your suggestions and let’s continue this journey of financial enlightenment together. The CPA Exam Secrets Test Prep Team consists of educators and CPA professionals who work tirelessly to provide students with the best tools and strategies to approach the CPA exam.