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5 Best Accounting Books For Beginners (Recommended By Experts)

Books are a great resource for learning. If you want to learn a little more about accounting, then these are the 5 best books you should read.

We reached out to experts to get their recommendations…

#1 Profit First by Mike Michalowicz

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It's a little unorthodox but I recommend Profit First to small business owners. Profit First advocates using a series of sub-bank accounts rather than a single operating account. The goal of these sub-accounts is to forcibly set aside money while allowing the business owner to make business decisions with the operating account.

Want to read more reviews of this book or buy it? Check out the links below:

Contributors: Michael Eckstein from Eckstein Tax Services

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#2 Rich Dad, Poor Dad by Robert Kiyosaki

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This book is ground zero of business and accounting. Structured around two simple stories, this is a fantastic read to help become educated around accounting basics, recognizing belief systems around working for money versus leveraging your finances to make your money work for you, and to debunk beliefs around credit, credit scores, and building wealth.

Want to read more reviews of this book or buy it? Check out the links below:

Contributors: Eric Hobbs from Technology AssociatesΒ 

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#3 Accounting Information Systems for Decision Making

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A good read for Accountants would be the book Accounting Information Systems for Decision Making, because this book dives into several highly relevant topics regarding Business Intelligence & Analytics, IT, Process Mining, Financial Reporting Systems, XBRL etc., and the different digital themes are well illustrated with case examples throughout the book. Technology and digitalization is re-shaping accounting information systems (AIS) and any accountant will want to be well oriented on many of this book's themes.

Want to read more reviews of this book or buy it? Check out the links below:

Contributors: Mads Hennelund from Nextwork

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#4 Key Business Analytics by Bernard Marr

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Two other great reads for accountants would be Key Business Analytics and Key Performance Indicators both written by Bernard Marr. These books provide hands-on guidance to any accounting professional - whether it's the management accountant or financial accountant - on how to define and setup the appropriate data analytics frameworks and measurement systems that alligns with the company og client company's strategy.

These books really provide a business strategic approach to data analytics, goal setting and meassurements, which accountants can get alot of great inspiration from. Also paying attention to the pieces of information that are harder to quantify. Accountants need to allign their mindset and language with the more strategic functions of their company or client company - typically the CEO or strategic CFO - and produce and communicate more insights from a growing mass of information and datapoints.

Want to read more reviews of this book or buy it? Check out the links below:

Contributors: Mads Hennelund from Nextwork

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#5 Accounting For Non-Accountants by Wayne A. Label

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This short, readable book (roughly 225 pages cover-to-cover) is written by an accounting professional who has shared his expertise with students and business people around the world. The 12 chapters are logically presented and offer easy-to-digest examples to bring the material to life.

Each chapter also has a glossary of terms that can help make accounting jargon understandable to non-accounting folks who work in the business world. So if concepts such as: balance sheets, income statements, cash flow statements, GAAP rules, accounting ratios and interpreting financial statements make your eyes glaze over -- but you realize that you need to understand the basics of accounting -- this is probably the book for you.

Want to read more reviews of this book or buy it? Check out the links below:

Contributors: Timothy G. Wiedman from Doane University

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