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September 8, 2024

Top 10 Best Bookkeeping Books for Aspiring Accountants

Books, calculator, and glasses on desk

Bookkeeping All-In-One For Dummies

If you're just starting out with bookkeeping, this book is a fantastic choice. Written by Lita Epstein, it combines five different books into one comprehensive guide. You'll find everything from basic bookkeeping to reading financial reports.

One of the best parts of this book is its practical exercises. These exercises help you review what you've just learned, making it a great choice for those who like to learn by doing. Combining this book with the Bookkeeping Workbook for Dummies can be especially beneficial.

Dive into essential strategies, simplify complex concepts, and gain financial clarity for business success.

Here's what you'll learn:

  • Set up ledgers and journals
  • Record transactions accurately
  • Produce balance sheets and year-end reports
  • Manage taxes effectively

Overall, this book is a must-read for anyone looking to get a solid grasp on bookkeeping. It's one of the top 10 bookkeeping books every accountant should read.

Alpha Teach Yourself Bookkeeping in 24 Hours

If you're looking to dive into bookkeeping quickly, "Alpha Teach Yourself Bookkeeping in 24 Hours" by Carol Costa is a great pick. You won't master everything in a single day, but with consistent reading and practice, you'll get the hang of it in no time.

The book is logically arranged, making it easy to follow. Each chapter is detailed enough that you'll spend about 1.5 to 2 hours on each, allowing you to absorb and apply the lessons effectively. This makes it perfect for small business owners or anyone new to bookkeeping.

Key Takeaways

  • Ideal for self-learners and small business owners.
  • Comprehensive yet concise at 368 pages.
  • Great for training staff without formal bookkeeping knowledge.
This book is a fantastic resource for those who want to learn bookkeeping on their own terms. It's easy to read and perfect for DIY enthusiasts.

E to Z Bookkeeping (Barron’s E-Z Series)

If you're looking for a solid refresher on bookkeeping, E to Z Bookkeeping by Kathleen Fitzpatrick and Wallace W. Kravitz is a great pick. This book is designed to be a supplement to any textbook you might be using. It's not super comprehensive, but it does a fantastic job of highlighting the most important snippets of bookkeeping that you'll need on a daily basis.

One of the best parts of this book is that it's written more like a workbook than a dry instruction manual. You'll find loads of practical problems and examples to help you understand the concepts better. However, be aware that there are a few errors in the answers provided, so double-check your work.

Key Takeaways

  • Learn about journals, ledgers, financial statements, and special journal entries.
  • Apply bookkeeping fundamentals in real business scenarios.
  • Quizzes at the end of each chapter help you gauge your understanding and improve your skills.
This book is perfect for those who prefer a hands-on approach to learning. Dive into the exercises and see how much you can improve your bookkeeping skills.

Overall, this book is a great tool for anyone looking to brush up on their bookkeeping knowledge. It's especially useful for those who enjoy learning by doing.

Full Charge Bookkeeping, Home Study Course Edition

Accounting books with calculator and pen

If you're looking for a bookkeeping manual that won't take up too much of your time, this book by Nick J. DeCandia, CPA, is a great pick. It's designed to bridge the gap between knowing bookkeeping concepts and applying them in a real job. This book is perfect for those at a beginner or intermediate level.

You'll find a variety of forms, schedules, and checklists like "new job checklists" and "master calendar" that are super handy for maintaining a company's books. The book is well-organized: the first 112 pages cover bookkeeping concepts and appendices, the next 40 pages offer a study outline, and the final 20 pages test your knowledge.

This book is short and serves the purpose of learning and applying professional bookkeeping. It's not a textbook, so don't expect exhaustive details on every concept. But if you already have some bookkeeping knowledge, this book will make your job much easier.

Bookkeeping Made Simple: A Practical, Easy-to-Use Guide to the Basics of Financial Management

If you're scared of numbers, this book will help you understand bookkeeping. This book simplifies accounting fundamentals and is an invaluable resource for accounting students, business owners, and bookkeepers.

Key Takeaways

  • Learn about assets, equities, journal entries, adjustments in accounts, preparing financial statements, petty cash statements, payroll, partnership, and closing the books.
  • Many teachers use this book as a textbook and create practice tests for their students. It's great for understanding fundamentals but is best used as a reference book.
Dive into essential strategies, simplify complex concepts, and gain financial clarity for business success.

Overall, this book is a must-read for anyone looking to get a solid grasp on bookkeeping. It's one of the top 10 bookkeeping books every accountant should read.

Keeping the Books: Basic Recordkeeping and Accounting for Small Business

If you're a small business owner, "Keeping the Books: Basic Recordkeeping and Accounting for Small Business" by Linda Pinson is a must-have. This book is perfect for those who are just starting out and need a step-by-step guide to bookkeeping. It's not for advanced bookkeepers, but it's great for beginners who need to learn the basics.

You'll learn how to:

  • Set up ledgers and journals
  • Record transactions accurately
  • Produce balance sheets and year-end reports
  • Manage taxes effectively

One of the best features of this book is its practical exercises. These exercises help you review what you've just learned, making it a great choice for those who like to learn by doing. Combining this book with the Bookkeeping Workbook for Dummies can be especially beneficial.

Dive into essential strategies, simplify complex concepts, and gain financial clarity for business success.

Overall, this book is a must-read for anyone looking to get a solid grasp on bookkeeping. It's one of the top 10 bookkeeping books every accountant should read.

Bookkeeping the Easy Way (Easy Way Series)

Bookkeeping the Easy Way (Easy Way Series)

Bookkeeping the Easy Way by Wallace W. Kravitz is a standout among the many "how-to" bookkeeping guides. This book is perfect for beginners, offering short lessons and easy-to-understand language. It covers the double-entry bookkeeping system in a way that's simple and practical.

Before diving into any bookkeeping software like QuickBooks, it's crucial to understand the fundamentals, and this book does just that. It also touches on topics like merchandising and retailing, making it a comprehensive resource.

  • Ideal for beginners and those looking for a refresher
  • Recommended by accounting professionals, CPAs, and business owners
  • Great as a textbook for classes or self-study
This book is a valuable resource for anyone wanting to grasp the basics of bookkeeping. It's not just for beginners; even seasoned bookkeepers can benefit from its clear explanations and practical examples.

Bookkeeping Essentials: How to Succeed as a Bookkeeper

If you're looking to master accounting best practices, "Bookkeeping Essentials" is a must-read. This book is a powerful companion for anyone navigating the ever-changing world of today's accountant and bookkeeper. It provides practical solutions for potential issues you may encounter, making it a great resource for those who already have the bookkeeping basics nailed down.

Key Features

  • Perform a wide variety of financial transactions
  • Use key concepts and skills with real-world bookkeeping problems
  • Design a bookkeeping system
  • Track day-to-day business operations
  • Keep journals for active accounts
  • Use blank working papers and spreadsheets
  • Handle cash entries and develop internal controls
  • Calculate and pay employee withholding taxes
  • Depreciate assets
  • Prove out your books at year's end
  • Prepare tax returns and set up for a new year
Bookkeeping Essentials is not just a book; it's a toolkit for success in the bookkeeping world. Whether you're dealing with small business services or larger financial operations, this book has got you covered.

This book may not be the best for those without prior knowledge about bookkeeping, but it’s a great resource for those who already have the basics down and just need guidance in turning their ideas into a successful bookkeeping business.

Bookkeeping Basics: What Every Nonprofit Bookkeeper Needs to Know

If you're diving into the world of nonprofit bookkeeping, this book by Debra L. Ruegg and Lisa M. Venkatrathnam is a must-read. It's perfect for those who have no background in bookkeeping or accounting but want to start or run a small nonprofit. The book is written in simple language and breaks down concepts into smaller, easy-to-understand parts.

One of the best things about this book is that it helps you set up a bookkeeping system and solve all your bookkeeping issues. Many nonprofits don’t have the funds to hire a trained bookkeeper, so this book can save you money and teach you how to manage your books in your spare time.

Key Takeaways

  • Learn the rules of thumb and practical techniques to analyze, evaluate, and solve daily bookkeeping issues.
  • Get examples, ratios, charts, and explanations to help you understand the concepts better.
  • Receive accounts receivable and accounts payable registers, general ledger & financial summary forms, and grant tracking forms.
  • The book is short, just 128 pages, so you can read it on the go and apply what you learn when you have time.
This book is a great resource for anyone looking to understand nonprofit bookkeeping. It’s especially useful for those who want to apply for a position as a bookkeeper in a nonprofit organization. Read it, learn the concepts, and start applying what you learn. You'll be good to go!

The E-Myth Bookkeeper

Bookkeeper at desk with financial documents and laptop.

The E-Myth Bookkeeper by Michael E. Gerber, Roberts Debbie, and Peter Cook is a must-read for anyone looking to build a successful bookkeeping business. This book dives deep into the myths surrounding starting a business and how technical skills, expectations, and common assumptions can become obstacles. It provides a detailed roadmap from the early stages of entrepreneurship to achieving a mature business perspective.

One of the standout features of this book is its focus on the processes involved in building a bookkeeping empire. It emphasizes the importance on finding the right bookkeeper, avoiding common record-keeping mistakes, and ensuring compliance with tax laws. This makes it an invaluable resource for both new and experienced bookkeepers.

  • Learn how to start a bookkeeping business without hassle
  • Understand the journey from entrepreneurial infancy to maturity
  • Avoid common pitfalls and ensure tax compliance
This book is a must-read for anyone who wants to build a bookkeeping empire. It gives great detail on the processes involved.

Wrapping It Up

So there you have it, folks! These ten bookkeeping books are absolute must-reads if you want to get a solid grip on managing finances. Whether you're just starting out or looking to sharpen your skills, these books have got you covered. Remember, the key to mastering bookkeeping is continuous learning and practice. So grab a book, dive in, and start your journey to becoming a bookkeeping pro today!