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Top Rated Accounts Payable 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

A profit/loss statement provides a clear view of a business's financial health by detailing income and expenses. It aids in monthly reporting, tax preparation, budget evaluation, and identifying areas for improvement. Our reviewers in accounts payable software rated this feature as highly important.

3 Best Accounts Payable Software with Profit/Loss Statement

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

See other top Accounts Payable 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 accounts payable 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 Online logo
4.3
(8.3K)

User insights about the profit/loss statement feature

Reviewers indicate that QuickBooks Online's profit/loss statement is easy to access, read, and customize. They find it helpful for comparing financial performance over different periods and appreciate the quick generation of reports. Users report that it provides a clear snapshot of financial health, aiding in business assessment and strategy formulation. They value the ability to drill down into data and the flexibility in reporting for both cash and accrual accounting. Some users suggest that more detailed drill-down capabilities could enhance the reports.
“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

Accounts Payable key features coverage

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

Accounting4.5
Invoice Processing4.4
General Ledger4.4
Bank Reconciliation4.4
Expense Tracking4.5
Billing & Invoicing4.4

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, detail, and ease of use. They report that it helps in evaluating budgets, tracking income and expenses, and identifying profitability across different categories. Users find it easy to generate, customize, and drill down into specific sections for more details. They value the ability to specify different time periods and the integration with Excel for quick downloads. 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

Accounts Payable key features coverage

QuickBooks Enterprise offers 5 out of the 6 key features for Accounts Payable software identified by reviewers:

Accounting4.6
Invoice Processing
General Ledger4.5
Bank Reconciliation4.5
Expense Tracking4.5
Billing & Invoicing4.6

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.

QuickBooks Desktop logo
4.4
(2.5K)

User insights about the profit/loss statement feature

Reviewers feel that QuickBooks Desktop's profit/loss statement is easy to generate, read, and share. They highlight its accuracy, reliability, and customization options. Users appreciate the ability to compare different periods, track expenses, and generate reports quickly for tax preparation and financial planning. They find it useful for presenting data to stakeholders and planning business strategies. However, some users mention difficulties with customer support and the initial setup process.
“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

Accounts Payable key features coverage

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

Accounting5.0
Invoice Processing4.6
General Ledger4.6
Bank Reconciliation4.6
Expense Tracking4.5
Billing & Invoicing4.6

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.

Other Top Rated Accounts Payable 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

Users also considered
QuickBooks Online logo

Accounting and business management software

QuickBooks Online automatically updates the Accounts Payable accounts in your chart of accounts as soon as you enter a new bill or pay outstanding bills.

Read more about QuickBooks Online

Users also considered
FreshBooks logo
Category Leaders

Invoice and accounting software tailored to small businesses

FreshBooks is accounting software that helps small business perform accounting tasks, conduct invoicing, manage expenses, and more.

Read more about FreshBooks

Users also considered
Dynamics 365 logo

ERP and CRM applications from Microsoft

Microsoft Dynamics 365 is a multi-language, multi-currency enterprise resource planning (ERP) software. The solution is designed for midsize and larger companies, and is fully customizable and extensible through its rich development platform and tools.

Read more about Dynamics 365

Users also considered
Xero logo
Category Leaders

Cloud-based accounting software for small businesses

Reduce admin, pay your bills on time and get an overview of where your business is spending money with accounts payable software. Use Xero to pay bills from suppliers by scheduling payments, receiving invoices and prioritizing bills.

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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NetSuite logo

AI-powered cloud-based business management suite

Streamline the process using AI to review, approve & pay invoices with NetSuite’s cloud accounting software. Processes such as transaction matching, journal entries, approvals and reconciliations are automated eliminating manual data entry, and time and effort required to process bills is minimized.

Read more about NetSuite

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

QuickBooks Online Advanced streamlines accounts payable with automated bill entry, approval workflows, and detailed reporting.

Read more about QuickBooks Online Advanced

Users also considered
Emburse Nexonia logo

Expense management for ERP & accounting systems

Extend the capabilities of your accounting system to include expense management with Nexonia. Empowering organizations through configurable controls and support for complex approval workflows.

Read more about Emburse Nexonia

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Patriot Accounting logo
Category Leaders

Cloud-based accounting and payroll software

Accounting Basic $20/mo - flat rate, unlimited use
Accounting Premium $30/mo - flat rate, unlimited use
Pay unlimited bills to vendors and 1099 contractors. At the end of the year, you can e-file the 1099 and 1096 and print 1099s for your contractors.

Read more about Patriot Accounting

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Zoho Books logo
Category Leaders

Online accounting software for businesses of all sizes

Zoho Books is an online accounting software designed to streamline back office operations, automate workflows, and allow secure collaboration with accountants

Read more about Zoho Books

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Sage Intacct logo

Best-in-class Cloud ERP for Finance

Sage Intacct's AP software lets you create automated, configurable processes to enhance internal controls and ensure accountability.

Read more about Sage Intacct

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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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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.

Read more about Invoiced

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Yooz logo
Category Leaders

AI-powered accounts payable automation platform

Yooz is a cloud-based accounts payable automation solution designed to help enterprises streamline their financial workflow with artificial intelligence (AI) & machine learning technologies, plus ERP integration, document management, purchase-to-pay workflow approval, & more

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TallyPrime logo
Category Leaders

Solution for managing accounting and financial operations

TallyPrime is an on-premise business management solution that helps small to midsize businesses manage accounting, inventory, compliance, sales, purchase, manufacturing, job costing, payroll, branch management and more.

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DataSnipper logo

Intelligent automation platform for audit and finance teams

DataSnipper is an Excel-native platform for audit and finance, bringing AI and Excel Agents into your workpapers to automate testing, reconciliation, and documentation with full traceability.

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Sage 100 logo

Enterprise resource planning software

Sage 100 is a customizable business management solution that helps businesses automate financials, operations, and payroll, providing complete visibility into the operations. Sage 100 grows with the business, allowing teams to scale and meet specific needs as a small or medium-sized enterprise.

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Mint logo

Your financial life, all in one place

Mint pulls all your financial accounts into one place. Already more than 7 million users who know their information is always secure. All data is protected and validated by VeriSign and TRUSTe. Mint automatically pulls all your financial information into one place.

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Sage 50 Accounting logo

Cloud-based accounting tool for small and midsized business

Sage 50 Accounting is an online accounting solution for SMBs with Office 365 integration that helps manage accounting, invoicing, cash flow, inventory, taxes, and more.

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ZarMoney logo
Category Leaders

Cloud-based accounting solution for businesses of all sizes

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.

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Kashoo logo

Online accounting software for small businesses

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OneStream logo

Corporate performance management solution for enterprises

OneStream is a unified corporate performance management (CPM) solution which enables businesses to manage their financial reporting, budgeting & forecasting

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Accounting Seed logo

Accounting and analytics software built on Salesforce

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JD Edwards EnterpriseOne logo

Database of resource planning software for enterprises

Oracle's JD Edwards EnterpriseOne is an integrated applications suite of comprehensive enterprise resource planning software that combines business value, standards-based technology, and deep industry experience into a business solution with a low total cost of ownership. EnterpriseOne is the first ERP solution to run all applications on Apple iPad. JD Edwards EnterpriseOne also delivers mobile applications.

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Key features for Accounts Payable software

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

  • Accounting: Reviewers highlight the software's ability to automate accounting tasks, provide real-time updates, and offer detailed financial reporting, making financial management more efficient. 97% of reviewers rated this feature as important or highly important.
  • Invoice Processing: Users appreciate the automation of invoice reading, data extraction, and approval workflows, which significantly reduces manual entry time and streamlines accounts payable processes. 94% of reviewers rated this feature as important or highly important.
  • General Ledger: Reviewers value the comprehensive tracking of financial transactions, customization options for ledger codes, and the ease of generating financial reports for better business insights. 94% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Users find the automated reconciliation process, integration with bank accounts, and accurate tracking of transactions crucial for maintaining up-to-date financial records. 93% of reviewers rated this feature as important or highly important.
  • Expense Tracking: Reviewers appreciate the detailed expense categorization, real-time tracking, and reporting features that help businesses manage and analyze their spending effectively. 92% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users highlight the ease of creating, customizing, and sending invoices, as well as tracking payments and automating reminders, making the billing process efficient and accurate. 92% of reviewers rated this feature as important or highly important.