Business Finance Books

Business finance stands for the sourcing and deployment of funds by companies for running their businesses. Businesses need funds to purchase raw materials, to purchase machinery, to pay the electricity bill of the factory, etc. Hence, a business will not be able to perform its activities without the proper money supply. So, the managers need to ascertain how much money a business needs for running its various activities. After that, the managers need to determine how much money will come from which of the sources (profits, debtors collection, a loan from a bank, etc.). Activities like these fall in the domain of business finance. And books on business finance talk about how to manage these activities in a better and more efficient manner. Proper sourcing and deployment of funds could substantially reduce the financial cost of operations.

A point to note is that, in practice, this balancing of supply and demand for money is not so easy as it looks; instead, it is much more complex than it seems. More so when you want to do it profitably and at an optimal cost. So, for you to make sense of this complex and interesting field, here are some of the best business finance books. Whether you are a college student or a finance professional, these books will help you deepen your understanding. These books are written by finance professionals having rich experience in the field. You will learn a lot and update your knowledge about the best practices in the domain from their experience. So, here is the list of such top easy-to-read, non-academic books on business finance.

Found Money: Simple Strategies for Uncovering the Hidden Profit and Cash Flow in Your Business

  • Author: Steve Wilkinghoff

This book outlines the successful approaches for small businesses. Most of the time, small business owners do not have an adequate understanding of the math behind their business. They just keep running their businesses as it is, making little room for progress. Hence, this book is for all those business owners who want to make it big but don’t know what it will look like and how to get there.  

The book does justify its title in that it presents great strategies for increasing your business profits and improving cash flows. This book will help you evaluate whether your business is on-track or off-track. It teaches you the process of making money. It lets you determine what financial results you want out of your business and prescribes the specific actions to get there. These actions come from effective tools, tactics, and strategies.

Ratings On:

  • Amazon: 4.4
  • Flipkart: Not Available
  • Goodreads: 4.0

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

  • Author: Mike Michalowicz

In accounting, the universal formula is Sales – Expenses = Profit. But the problem with this approach, as author Mike presents, is that profit is just a resultant figure in this formula. You do not create it; instead, it gets created when you deduct expenses from sales. So, to break the tradition, Mike comes up with a new formula in this book, which is Sales – Profit = Expenses. In this formula, your expenses are just what is left after making your profit. So, here, your profits control your expenses instead of expenses controlling your profits.

If you think from the above foundation of this book that this will be just another generic book on business finance, you will be wrong. Thousands of users claim that this book has changed the way that they look at businesses. It takes the simple principle of profit first to another level. So, in this book thought-provoking book, you will look at four simple principles and numerous pieces of advice that will help you make your business more profitable than ever before.

Ratings On:

  • Amazon: 4.8
  • Flipkart: 4.8
  • Goodreads: 4.3

K. Lasser’s Small Business Taxes 2021: Your Complete Guide to a Better Bottom-line

  • Author: J K Lasser

As the title itself makes it clear, the book is for businesses to save on taxes. One should know that tax planning forms a vital part of business finance. Hence, there is no doubt that this book makes the list of best business finance books complete. The author J.K. Lasser is a tax expert and gives practical advice for small businesses.

Most of the time, small business owners end up paying a large amount of taxes and working hard for the government. With proper planning, these owners can save a lot in taxes and use that money to grow the business. This book helps you with this business finance tool. The book provides you with complete information on what qualifies for deductions in the US, what are the bookkeeping requirements and so on. He also provides a more organized bookkeeping system to avoid confusion/complexities during the filling process.

Ratings On:

  • Amazon: 4.6
  • Flipkart: Not Available
  • Goodreads: 4.8
business finance books

Financial Intelligence, Revised Edition: A Manager’s Guide to Knowing What the Numbers Really Mean

  • Author: Berman, Karen, Knight & Joe

Financial Intelligence is a book for finance professionals and managers at corporates. This book will help you interpret financial statements, make sense out of financial ratios, and many other things a finance professional is expected to know. It will talk slowly about each type of financial statement and give you an understanding of what they tell. The authors show how you can use different financial ratios to indicate how your business is doing. So, even if you are a college student, this book will help you enhance your understanding of the subject. Also, if you are tired of reading books on business finance that just discuss the basics and fail to give you an overall understanding of the subject, this book is for you. 

Ratings On:

  • Amazon: 4.7
  • Flipkart: 4.6
  • Goodreads: 4.3

Color Accounting: The New Graphical System That Makes Understanding Accounting Easy and Quick

  • Author: Peter Frampton, Mark Robilliard

Suddenly with this book, which uses colors to teach accounting, many of the complexities of accounting disappear. Many of the users in universities and colleges have found accounting easy to learn with this graphical approach. The approach will make you an otherwise boring subject for many palatable to learn—a completely unique gem in the thousands of business finance books available in libraries. Hence, the list of best business finance books was incomplete without this book. Users also consider this book to be easy to follow. This book will teach you how finance managers read financial statements. It will give you a deeper understanding of business finance.

Ratings On:

  • Amazon: 4.3
  • Flipkart: Not Available
  • Goodreads: 4.4

Sanjay Borad

Sanjay Bulaki Borad

MBA-Finance, CMA, CS, Insolvency Professional, B'Com

Sanjay Borad, Founder of eFinanceManagement, is a Management Consultant with 7 years of MNC experience and 11 years in Consultancy. He caters to clients with turnovers from 200 Million to 12,000 Million, including listed entities, and has vast industry experience in over 20 sectors. Additionally, he serves as a visiting faculty for Finance and Costing in MBA Colleges and CA, CMA Coaching Classes.

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