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Top Rated Accounting Software with Income & Balance Sheet in 2026

Verified reviewer profile picture
Verified reviewer profile picture

All user reviews are verified by in-house moderators and provider data by our software research team.  Learn more

Last updated: February 2026

Income and balance sheet tools provide a snapshot of a business’s financial health, including assets, liabilities, and equity. They aid in financial decision-making, performance evaluation, budgeting, and ensuring compliance with financial regulations. Our reviewers in accounting software rated this feature as highly important.

5 Best Accounting Software with Income & Balance Sheet

Product
User rating
Starting price
Xero logo
4.4
(3.2K)
25
flat rate/per month
visit website
NetSuite logo
4.2
(1.7K)
Empty state illustration for "No pricing info"

No pricing info

visit website
FreshBooks logo
4.5
(4.5K)
21
flat rate/per month
visit website
Wave logo
4.4
(1.7K)
19
flat rate/per month
QuickBooks Online logo
4.3
(8.3K)
38
flat rate/per month

See other top Accounting products with income & balance sheet

How we picked the 5 top rated products

We chose the high-performing solutions on this list based on verified user ratings on our site. Depending on available data, qualifying products either had to be among the most user-reviewed or the most searched-for products in the Accounting software category. They also needed to have sufficient reviews about income & balance sheet, have a minimum user rating of 3 out of 5 for that feature, and show evidence of U.S. market presence. We then added a distinction for up to three products based on our proprietary ratings and reviews: Highest rated, Highly rated for income & balance sheet, and Highly rated for free version. Sponsorship or client status has no influence on the selection of these products, but it may impact the order in which products appear.

Details for the 5 best products

Xero logo

Xero

Reviews Sentiment
 
 
 
1-2(157)
3-4(1,150)
5(1,943)
Key Features
Financial Reporting4.4
General Ledger4.4

User insights about the income & balance sheet feature

Reviewers praise Xero's income and balance sheet capabilities for their ease of use, customization, and clear presentation. They find the reports easy to generate, read, and export, which supports effective business management and financial decision-making. Users appreciate the ability to drill down into details and the flexibility in configuring reports to meet specific needs.
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“Accurate and up to date income and balance sheet data in "Xero" is crucial for both data input and report sources, poviding valuable financial insights and support effective business management. ”
Verified reviewer profile picture

Anna F.

Administrator

“Xero provides easy generation of key financial statements like profit and loss/income statement and balance sheet. Users can produce these standard reports with just a few clicks.Key features related to income statement and balance sheet reporting:Automatically pull data from transactions, accounts, sales, bills etc.Flexible configuration of income and expense accounts.Comparative reporting for multiple periods.Drill down into line items for details.Attach notes and supporting documents.Export reports as PDFs or Excel files.Set up scheduled report generation.Adjust reporting by cash or accrual basis.Add custom reporting lines if required.Overall, Xero reduces the complexity of generating critical financial statements. The dynamic reporting gives business owners real-time visibility into financial performance from any device. Key metrics are readily available to aid data-driven decision making.”
RN

Ra N.

programmer

Starting price
25flat rate /
per month
visit website
Pros and Cons based on 3,250 verified reviews
Verified reviewer profile picture

Cloud accounting accessibility

Customizable dashboard

Effective bookkeeping tools

Accessible learning resources

User-friendly interface

Slow issue resolution

Poor customer support

Limited inventory management

Lack of live support

Underdeveloped mobile access

See pros and cons details
NetSuite logo

NetSuite

Reviews Sentiment
 
 
 
1-2(92)
3-4(906)
5(793)
Key Features
Financial Reporting4.3
General Ledger4.5

User insights about the income & balance sheet feature

Reviewers commend NetSuite's income and balance sheet capabilities for their accuracy, real-time data access, and customization options. They find the financial reporting tools powerful and user-friendly, allowing for detailed insights and easy report generation. Users appreciate the ability to drill down into transactions and the visibility provided for financial decision-making and management.
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“The income and balance sheet are easy to access without having to request a report. They can be update with a simple push of the Refresh button. The ability to see previous fiscal periods without having to do anything special has allowed the company to stay abreast of the health of the company. ”
CS

Cheryl S.

IT/AR

“Income and Balance sheets are captured accurately as long as the right account has been selected through the transactions. NetSuite reduces avenues for these sorts of mistakes.”
Verified reviewer profile picture

Akaninyene E.

Oracle Netsuite ERP System Administrator

Starting price
Empty state illustration for "No pricing info"

No pricing info

visit website
Pros and Cons based on 1,791 verified reviews
Verified reviewer profile picture

Cloud-based accessibility

Efficient inventory management

Flexible customization options

Customizable and informative dashboards

Convenient web access

Slow performance speed

Prohibitive pricing for small businesses

Challenging implementation process

Inadequate customer support

Inefficient sales management

See pros and cons details
FreshBooks logo

FreshBooks

Reviews Sentiment
 
 
 
1-2(82)
3-4(1,765)
5(2,655)
Key Features
Financial Reporting4.5
General Ledger4.5

User insights about the income & balance sheet feature

Reviewers value FreshBooks' income and balance sheet capabilities for their user-friendly interface and comprehensive financial insights. They appreciate the ability to quickly generate and customize reports, which aids in financial analysis and decision-making. Users find the platform helpful for tracking profitability, managing expenses, and ensuring tax compliance, with clear and concise financial summaries.

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“I like Income and balance sheets in FreshBooks because it offers a clear view of my business finances, helping me track earnings, expenses, assets, and liabilities easily.”
CV

Charles V.

Designer

“When selecting an accounting software for financial management, income and balance sheets are among the most crucial factors to consider. FreshBooks provides a user-friendly interface that allows you to easily input your data and generate a balance sheet. Additionally, you have the option to select a template for your balance sheet, providing further customization and convenience.”
SS

Swati S.

Freelancer

Starting price
21flat rate /
per month
visit website
Pros and Cons based on 4,502 verified reviews

Cloud accounting accessibility

Efficient invoicing capabilities

Tailored for small businesses

Minimal learning curve

Effective freelancer tools

Reliance on internet connection

Limited bank integration

High costs for larger teams

Frequent technical issues

See pros and cons details
Wave logo
Reviews Sentiment
 
 
 
1-2(108)
3-4(553)
5(1,049)
Key Features
Financial Reporting4.4
General Ledger4.2

User insights about the income & balance sheet feature

Reviewers appreciate Wave's income and balance sheet capabilities for their clarity and ease of use. They find the financial summaries easy to read and interpret, which is valuable for small business financial reviews and tax preparation. Users report that Wave allows for quick generation of reports, accurate tracking of income, and seamless sharing with accountants.
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“It is a good tool for financial reporting. It handles both the Income Statement and Balance Sheet very well. It also has the capacity to produce Cash Flow Statements based on user-defined time periods.”
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Arthur R.

CEO

“Wave Accounting allows me to know my income at a glance and see my balance sheet. ”
ER

Elvis R.

Software Developer

Starting price
19flat rate /
per month
Pros and Cons based on 1,710 verified reviews
Verified reviewer profile picture

Affordable for small businesses

Intuitive and modern interface

Excellent value for small businesses

Comprehensive invoicing features

Effective bookkeeping solution

Slow performance and load times

Ineffective email communication

Limited customer support options

Unresolved software issues

Challenging bank reconciliation

See pros and cons details
QuickBooks Online logo
Reviews Sentiment
 
 
 
1-2(454)
3-4(3,126)
5(4,748)
Key Features
Financial Reporting4.4
General Ledger4.4

User insights about the income & balance sheet feature

Reviewers highlight QuickBooks Online's income and balance sheet capabilities for their ease of use and customization options. They find the automated and real-time reporting helpful for tracking financial performance and making informed decisions. Users appreciate the ability to generate detailed reports with a few clicks, although some mention occasional issues with default formatting and data resets.

See related user reviews

“QuickBooks Online allows one to easily track different income and balance sheet items. From the income and balance sheet reports, one can select a specific entry or transaction, follow the trail, make adjustments if the inputs were incorrect.”
DO

Davis O.

Administrative Assistant

“This feature is pretty cool I can generate ang Balance sheet and income statement in just few click. QuickBooks online really save time. You don't to do manual computation to get your reports, all you have to do is just few clicks using your mouse.”
AB

Aurea B.

Bookkeeper

Starting price
38flat rate /
per month
Pros and Cons based on 8,328 verified reviews

Cloud-based accessibility

Ideal for small businesses

Seamless integrations

Comprehensive accounting features

Efficient tax management

Frequent bugs and crashes

Limited desktop features

Recurring costs and price increases

Inadequate customer support

Complicated transaction management

See pros and cons details

Other Top Rated Accounting Software with Income & Balance Sheet in 2026

Accounting Seed logo

Accounting Seed

Category Leaders

Accounting and analytics software built on Salesforce

visit website
Accounting Seed is cloud-based software built in Salesforce that gives you all the tools you need to seamlessly connect financial data company-wide. Learn more about our product at: https://www.accountingseed.com/product/.

Read more about Accounting Seed

Users also considered
Sage Intacct logo

Sage Intacct

Category Leaders

Best-in-class Cloud ERP for Finance

visit website
Sage Intacct’s core financials automate your most important processes, reduce your reliance on spreadsheets, and give you greater visibility into your business

Read more about Sage Intacct

Users also considered
Xero logo

Xero

Category Leaders

Cloud-based accounting software for small businesses

visit website
Xero is an award-winning online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Automate your invoicing and reporting, get a full picture of your business with up-to-date financial data, and much more.

Read more about Xero

Users also considered
Zoho Books logo

Zoho Books

Category Leaders

Online accounting software for businesses of all sizes

visit website
Zoho Books helps small businesses to manage all financial activity, from invoices and expenses, to sales and purchase orders, to taxes, reports, and bank feeds.

Read more about Zoho Books

Users also considered
QuickBooks Enterprise logo

QuickBooks Enterprise

Category Leaders

Enterprise accounting, FSM and inventory management solution

visit website
QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access to customer, employee, and vendor information. The software includes tools for managing inventory, shipping, sales orders, pricing, tasks, invoicing, reporting, and more.

Read more about QuickBooks Enterprise

Users also considered
NetSuite logo

NetSuite

AI-powered cloud-based business management suite

visit website
NetSuite AI-powered accounting simplifies the process of recording transactions, managing AP and AR, and closing the books. NetSuite supports multiple currencies, languages, and compliance standards and ensures data is accessible securely worldwide.

Read more about NetSuite

Users also considered
MIP Accounting logo

MIP Accounting

Fund accounting for government organizations and nonprofits

visit website
MIP Fund Accounting is a comprehensive, configurable fund accounting solution. With its end-to-end suite of functionality and multi-segmented chart of accounts MIP is designed to meet and handle the complex financial management and fund accounting needs of nonprofit and government organizations.

Read more about MIP Accounting

Users also considered
ZarMoney logo

ZarMoney

Category Leaders

Cloud-based accounting solution for businesses of all sizes

visit website
ZarMoney is a cloud-based accounting solution designed to assist businesses of all sizes with the management of inventory and finances. Key features include team collaboration, quote generation, invoicing, transaction tracking, remote access, and approval workflows.

Read more about ZarMoney

Users also considered
Actionstep Legal Accounting logo

Actionstep Legal Accounting

Cloud-based accounting and billing for law firms

visit website
Soluno is a cloud-based accounting and billing software designed to accelerate law firms. With a full, easy-to-use suite of time/expense entry, billing, accounting, trust, and reporting features, law firms get everything they need to master their business.

Read more about Actionstep Legal Accounting

Users also considered
Eleven logo

Eleven

Cloud accounting software tailored for accounting firms

visit website
Eleven is a cloud accounting app that helps small and medium-sized accounting firms to streamline and scale their practice. You can automate bookkeeping for every client without falling back on Excel.

Read more about Eleven

Users also considered
CosmoLex logo

CosmoLex

Web-based legal practice management & accounting software

visit website
CosmoLex handles the unique, legal accounting requirements lawyers face daily. Anytime/anywhere web access makes it easy to keep your books compliant & current.

Read more about CosmoLex

Users also considered
FreshBooks logo

FreshBooks

Category Leaders

Invoice and accounting software tailored to small businesses

visit website
FreshBooks automates daily accounting activities namely invoice creation, payment acceptance, expenses tracking, billable time tracking and financial reporting.

Read more about FreshBooks

Users also considered
DataSnipper logo

DataSnipper

Intelligent automation platform for financial control

visit website
DataSnipper is a cloud-based intelligent automation platform designed for audit and finance teams that helps streamline workflows and offers features such as data collection, extraction, matching, and analysis.

Read more about DataSnipper

Users also considered
Plus & Minus logo

Plus & Minus

Accounting and ERP accounting in real-time

visit website
Real-time accounting and ERP accounting software in the cloud or on-premises offering automated processes and transaction recording, reporting, and analysis

Read more about Plus & Minus

Users also considered
Acumatica Cloud ERP logo

Acumatica Cloud ERP

Cloud-based enterprise resource planning software

visit website
Acumatica simplifies accounting with tools for Accounts Payable, Receivable, Billing & Invoicing, and Bank Reconciliation. It streamlines Expense Tracking, Payroll Management, and Financial Reporting, while managing your General Ledger and Income & Balance Sheet effortlessly.

Read more about Acumatica Cloud ERP

Users also considered
QuickBooks Online logo

Accounting and business management software

QuickBooks Online offers accounting with financial dashboards, invoice creation, online payment acceptance, expenses tracking, payroll & more.

Read more about QuickBooks Online

Users also considered
QuickBooks Desktop logo

Comprehensive business management solution

QuickBooks Desktop provides a comprehensive business management solution that integrates accounting, payroll, inventory, and multiple company management functionalities. The software offers industry-specific editions tailored for manufacturing, wholesale, contractors, and accountants, with features like advanced reporting, job costing, and automated pricing rules. Users can enhance their experience with cloud hosting capabilities that enable remote access and team collaboration.

Read more about QuickBooks Desktop

Users also considered
Wave logo
Category Leaders

Accounting, invoicing, and payroll management platform

Why is Wave the world's fastest-growing accounting software for small businesses? It's easy, fast, 100% free, and made for owner-operated businesses.

Read more about Wave

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

Advanced accounting software for streamlined financial management, automation, and enhanced reporting for growing businesses.

Read more about QuickBooks Online Advanced

Users also considered
BQE CORE Suite logo
Category Leaders

Cloud-based firm management tool for A&E firms.

Accounting Software for Professional Services Firms. BQE Core allows you to watch the books and run your business with ease.

Read more about BQE CORE Suite

Users also considered
Odoo logo
Category Leaders

All-in-one open-source business software

Odoo Accounting helps you to manage your daily accounting easily and have a global view of the state of your business. Features include: bank synchronization, automatic invoices, recurring billing management, reconciliations, and more.

Read more about Odoo

Users also considered
Suralink logo

Request List Management + Workpaper Preparation and Review

Suralink is the leading client collaboration platform for accountants. It's the first fully-integrated platform that combines our request list management portal with a workpaper preparation and review suite to help you be more transparent, collaborative, and efficient.

Read more about Suralink

Users also considered
Patriot Accounting logo
Category Leaders

Cloud-based accounting and payroll software

Accounting Basic $20/month - flat rate, unlimited use
Accounting Premium $30/month - flat rate, unlimited use
Accounting Software for businesses in the United States. Keep track of all of your money easily with our patent pending cash to accrual toggle & so much more.

Read more about Patriot Accounting

Users also considered
A2X logo

Accurate ecommerce accounting, without the fuss.

A2X automates ecommerce accounting for Shopify, Amazon, Etsy, eBay & Walmart sellers. Trusted by ecommerce accountants worldwide.

Read more about A2X

Users also considered
Cin7 Core logo

Inventory management software for SMBs

Cin7 Core is a cloud-based, inventory and order management application for SMBs which offers a complete back end management solution with purchasing, sales, warehouse management, and light manufacturing features as well as shipping, eCommerce and payment gateway integrations

Read more about Cin7 Core

Users also considered

Key features for Accounting software

Based on GetApp's analysis of verified user reviews collected between July 2021 and August 2024.

  • Financial Reporting: Users appreciate the ability to generate diverse, customizable financial reports. This feature provides accurate insights into financial health, aiding in informed decision-making, budget planning, and presenting tailored reports to stakeholders. 94% of reviewers rated this feature as important or highly important.
  • General Ledger: Reviewers emphasize the detailed tracking of financial transactions, flexibility in account setup, and real-time updates. This feature supports accurate financial statements and efficient financial management. 92% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users value the ease of generating and tracking invoices, setting up recurring bills, and customizing formats. The automation and integration capabilities enhance efficiency and accuracy in managing billing processes. 91% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Reviewers appreciate the streamlined process of matching bank transactions with internal records, ensuring financial accuracy. The automation features save time and reduce errors, providing reliable financial oversight. 90% of reviewers rated this feature as important or highly important.
  • Expense Tracking: Users highlight the ability to categorize and monitor expenses, attach receipts, and generate detailed reports. This feature aids in budgeting, tax preparation, and maintaining control over business expenditures. 90% of reviewers rated this feature as important or highly important.