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Top Rated Accounting Software with Profit/Loss Statement 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: April 2026

Profit/loss statements enable businesses to track financial performance, compare periods, and analyze trends. They offer customizable, detailed reports for tax reporting, budgeting, and strategic planning, facilitating informed decision-making. Our reviewers in accounting software rated this feature as highly important.

3 Best Accounting Software with Profit/Loss Statement

  • QuickBooks Desktop
  • QuickBooks Online - Highest rated for profit/loss statement
  • QuickBooks Enterprise

See other top Accounting products with profit/loss statement

How we picked the 3 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 profit/loss statement, 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 the product with the highest rating for profit/loss statement based on our proprietary ratings and reviews. 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 3 best products

QuickBooks Desktop logo
4.4
(2.5K)

User insights about the profit/loss statement feature

Reviewers highlight QuickBooks Desktop's profit/loss statement for its accuracy, reliability, and ease of use. They appreciate the ability to generate, customize, and compare reports easily, which aids in tax preparation and financial planning. Users report that it provides a clear snapshot of financial health, helps in tracking expenses, and is vital for business strategy. They also value the ability to drill down into details and the flexibility in presenting data. However, some users find the setup process challenging and customer support lacking.
“I really like the ability to easily compare this year's P&L statement against last year's statement to date -- it lets me see at a glance how we are doing relative to the prior year, and to see any areas where either expenses may have shot up or categories of product sales that may need some additional investment.”
BB

Bill B.

President

“It's a breeze for my bookkeeper or me to create a yearly P&L for my accountant. It's also a great asset to be able to create a P&L anytime during the year to get a snapshot of how my business is faring.”
TD

Tom D.

Owner and Lead Photographer

Accounting key features coverage

QuickBooks Desktop offers 6 out of the 6 key features for Accounting software identified by reviewers:

Income & Balance Sheet4.6
Financial Reporting4.6
General Ledger4.6
Billing & Invoicing4.6
Bank Reconciliation4.6
Expense Tracking4.5

Pros and cons based on 2,547 verified reviews

56% of users rated QuickBooks Desktop 5 out of 5 stars, while 3% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 2,547 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Comprehensive expense tracking

Ideal for small businesses

Efficient bookkeeping

Accessible learning resources

Robust accounting software

Cons:

Frequent and costly upgrades

Inefficient phone support

Challenging file management

Inadequate support

High costs and fees

See pros and cons details

Pricing

Starting price:$1922 flat rate/per year|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

QuickBooks Online logo
4.3
(8.3K)

User insights about the profit/loss statement feature

Users find QuickBooks Online's profit/loss statement easy to access, read, and customize. They appreciate its quick generation, detailed comparison options, and the ability to drill down into data. Reviewers indicate it helps in understanding financial health, making informed decisions, and presenting data to stakeholders. They value the clean layout, the ability to compare periods, and the straightforward dashboard. Some users wish for better detail and drill-down capabilities, but overall, they find it essential for business performance tracking.
“This is the most important statement for reporting every month end. The QBO statement gives a accurate figure of the status of the profit/loss and we have various options to select the period for which we require the report.”
Verified reviewer profile picture

Madhura M.

Finance and Accounts Manager

“It provides a great snapshot of financial performance and health of the company. It can also be easily customized to the needs of most users of this financial statement”
NC

Nikolas C.

Lead Accountant

Accounting key features coverage

QuickBooks Online offers 6 out of the 6 key features for Accounting software identified by reviewers:

Income & Balance Sheet4.5
Financial Reporting4.4
General Ledger4.4
Billing & Invoicing4.4
Bank Reconciliation4.4
Expense Tracking4.5

Pros and cons based on 8,385 verified reviews

57% of users rated QuickBooks Online 5 out of 5 stars, while 5% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 8,385 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Cloud-based accessibility

Ideal for small businesses

Seamless integrations

Comprehensive accounting features

Efficient tax management

Cons:

Frequent bugs and crashes

Limited desktop features

Recurring costs and price increases

Inadequate customer support

Complicated transaction management

See pros and cons details

Pricing

Starting price:$38 flat rate/per month|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

QuickBooks Enterprise logo
4.5
(20.6K)

User insights about the profit/loss statement feature

Reviewers appreciate QuickBooks Enterprise's profit/loss statement for its clarity and detailed reporting. They find it easy to read, customizable, and helpful for tracking income and expenses across various categories. Users report that it aids in making informed financial decisions, tax preparation, and identifying trouble areas. They highlight the ability to specify different periods and the convenience of exporting to Excel. However, some users mention that setting it up can be challenging and time-consuming.
“QB is our only source of bookkeeping. Our accountant uses the P&L statements, which are clear and detailed, to process our taxes. The P&L is also what we use to evaluate our budget and expenses. Since QB allows for details allocation of expenses to appropriate accounts, we are able to easily evaluate the income and expenses of the overall practice as well as each category individually. This ensures that we can evaluate the practice's profitability as a whole as well as identify any particular trouble areas.”
CS

Carolyn S.

Office Manager

“Profit and Loss statements are an important tool for reviewing company performance, the QuickBooks Profit and Loss statement is easy to read and customizable through thoughtful implementation of the chart of accounts.”
TO

Tayler O.

CFO

Accounting key features coverage

QuickBooks Enterprise offers 6 out of the 6 key features for Accounting software identified by reviewers:

Income & Balance Sheet4.6
Financial Reporting4.6
General Ledger4.5
Billing & Invoicing4.6
Bank Reconciliation4.5
Expense Tracking4.5

Pros and cons based on 20,610 verified reviews

61% of users rated QuickBooks Enterprise 5 out of 5 stars, while 2% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 20,610 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Comprehensive expense tracking

Ideal for small businesses

Effective financial management

Streamlined bookkeeping

Efficient tax management

Cons:

Frequent issue resolution challenges

Slow performance speed

Disruptive software updates

High cost concerns

Unreliable customer service

See pros and cons details

Pricing

Starting price:$2210 flat rate/per year|Free version:Not available|Free trial:Available

Prices may vary depending on the number of users and features.

Other Top Rated Accounting Software with Profit/Loss Statement in 2026

QuickBooks Enterprise logo
Category Leaders

Enterprise accounting, FSM and inventory management solution

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

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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
FreshBooks logo
Category Leaders

Invoice and accounting software tailored to small businesses

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

Read more about FreshBooks

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Xero logo
Category Leaders

Cloud-based accounting software for small businesses

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
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

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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

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NetSuite logo

AI-powered cloud-based business management suite

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

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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

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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

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Bright logo

Brilliant people use Bright software

Bright offers a suite of industry-leading software solutions for accountants, bookkeepers and SMEs across the UK and Ireland.

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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

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A2X logo

Accurate ecommerce accounting, without the fuss.

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

Read more about A2X

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Zoho Books logo
Category Leaders

Online accounting software for businesses of all sizes

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

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Sage Intacct logo
Category Leaders

Best-in-class Cloud ERP for Finance

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

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Bench logo

You run your business. We’ll do your bookkeeping.

Bench gives you a team of bookkeepers to do your books for you, and simple, elegant software to track your finances.

Read more about Bench

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Syft Analytics logo

The interactive & collaborative financial reporting tool.

Syft Analytics is the financial reporting and data analytics software that helps growing businesses understand their financial data.

Read more about Syft Analytics

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SAP S/4HANA Cloud logo

A complete, intelligent ERP system for enterprises.

SAP S/4HANA Cloud is a cloud-based intelligent ERP system specifically developed for companies in all industries offering them a broad and flexible functionality.

Read more about SAP S/4HANA Cloud

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Sage Accounting logo

Accounting software for small businesses

Sage Accounting is an accounting system for small business owners. It has features to help users forecast their cashflow, send and track invoices and act on real-time reporting. Users can manage their business from anywhere, at any time, from the cloud and with mobile functionality. Sage Accounting application is available for iOS and Android.

Read more about Sage Accounting

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Link My Books logo

Accurate multi-channel ecommerce accounting, automated

Link My Books automates ecommerce accounting by turning payouts from all major sales channels into accurate, bank-matched entries in Xero or QuickBooks. Sales, fees, refunds, and taxes are clearly broken down, helping businesses maintain reliable, tax-ready financial records.

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SAP Business One logo

Finance and Business Management (ERP) System

Enterprise resource planning software for SMEs. Manage every aspect of your small or midsize business with SAP Business One.

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Workday Adaptive Planning logo

Enterprise planning software for agile budgeting & reporting

Workday Adaptive Planning is the only solution that empowers finance to configure sophisticated, driver-based models, analyze unlimited scenarios, and use AI and machine learning to create predictive forecasts and gain enhanced insights. Partner with us today to drive fast, confident decisions.

Read more about Workday Adaptive Planning

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Lendio logo

Sunrise, formerly Billy, is a cloud-based accounting system

Sunrise - formerly Billy - is a cloud-based accounting software which enables freelancers & creative professionals to manage billing efficiently & track expenses effectively

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Acumatica Cloud ERP logo

Cloud-based enterprise resource planning software

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.

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Deltek Vision logo

Project management tool for professional services managers.

Deltek Vision is a project management solution, which helps businesses in the professional services sector manage customer relationship management (CRM), project planning, document tracking, resource planning, payroll processes, and more. It improves project profitability and streamlines client relationships by managing the complete lifecycle of a project, from identifying opportunities to estimating costs.

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Invoiced logo

Accounts receivable automation software

Invoiced is an accounts receivable automation software designed to streamline and optimize invoice-to-cash processes. It helps businesses handle the entire accounts receivable workflow, from automated invoicing and collections to customizable workflows for AR processes. The software integrates with a company's existing ERP and CRM systems, improving performance across applications.

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Key features for Accounting software

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

  • Income & Balance Sheet: Reviewers highlight the detailed financial insights, real-time updates, and customizable reporting options. This feature enhances financial management, supports decision-making, and allows for easy tracking of profitability, assets, liabilities, and equity. 96% of reviewers rated this feature as important or highly important.
  • Financial Reporting: Users appreciate the ability to generate various financial reports, customize them for different needs, and gain comprehensive financial insights. This feature aids in decision-making and simplifies tax preparation and financial analysis. 94% of reviewers rated this feature as important or highly important.
  • General Ledger: Reviewers value the comprehensive tracking of financial transactions, real-time updates, and ease of navigating financial data. This feature ensures accuracy, supports financial reporting, and enhances transparency in financial management. 92% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users emphasize the ease of generating professional invoices, automating recurring invoices, and integrating with payment options. This feature improves cash flow, reduces errors, and enhances client payment processes. 91% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Reviewers highlight the efficiency of linking bank accounts, automatic categorization of transactions, and real-time reconciliation. This feature ensures accuracy, reduces errors, and enhances financial control. 91% of reviewers rated this feature as important or highly important.
  • Expense Tracking: Users appreciate the ability to categorize expenses, attach receipts, and generate detailed reports. This feature helps in managing costs, improving budgeting, and ensuring financial accuracy. 90% of reviewers rated this feature as important or highly important.