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Top Rated Accounts Receivable 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 crucial insights into financial performance, helping businesses track profitability, manage expenses, and prepare for tax reporting. It allows easy customization, instant access to detailed financial data, and aids in strategic decision-making. Our reviewers in accounts receivable software rated this feature as highly important.

3 Best Accounts Receivable Software with Profit/Loss Statement

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

See other top Accounts Receivable 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 receivable 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 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 purposes and financial planning. They find it useful for monitoring financial performance, planning expenses, and presenting data to boards and stakeholders. They also value the software's ability to organize expenses into appropriate categories and provide detailed insights into financial health.
“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 Receivable key features coverage

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

Accounting5.0
General Ledger4.6
Billing & Invoicing4.6
Invoice Processing4.6
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 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 detail, which aids in tax processing and financial evaluation. They find it easy to read, customizable, and capable of providing various period reviews and comparisons. Users highlight the ability to drill down into specific sections for more details and the convenience of generating reports quickly. They say it helps in tracking income and expenses accurately, making informed decisions, and identifying profitability issues within different categories.
“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 Receivable key features coverage

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

Accounting4.6
General Ledger4.5
Billing & Invoicing4.6
Invoice Processing
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.

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 understanding financial health, comparing prior years, and making informed business decisions. Users appreciate the quick generation of reports, the ability to drill down into data, and the customizable output for various criteria. They report that it saves time, provides a clear snapshot of financial performance, and is essential for tax preparation and presenting data to stakeholders.
“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 Receivable key features coverage

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

Accounting4.5
General Ledger4.4
Billing & Invoicing4.4
Invoice Processing4.4
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.

Other Top Rated Accounts Receivable 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 Receivable accounts in your chart of accounts as soon as you write an invoice or receive a payment from a client.

Read more about QuickBooks Online

Users also considered
FreshBooks logo
Category Leaders

Invoice and accounting software tailored to small businesses

FreshBooks helps you collect payments from your customers by creating, sending and tracking invoices, sending payment reminders and accepting card payments.

Read more about FreshBooks

Users also considered
Xero logo
Category Leaders

Cloud-based accounting software for small businesses

Use Xero to send custom invoices, track invoices, set up recurring invoices, add instant online payment links in invoices for payment via PayPal or credit card.

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

Users also considered
Wave logo
Category Leaders

Accounting, invoicing, and payroll management platform

With Wave's comprehensive, free and unlimited invoicing tools, you can send invoices, keep track of who owes what, send reminders and more.

Read more about Wave

Users also considered
NetSuite logo

AI-powered cloud-based business management suite

Automate invoice delivery, payment processing, and collections management with NetSuite’s AI-powered cloud accounting software. Automatically post order transactions to general and AR ledgers, with accurate tax calculations on each invoice, for rapid, precise tax processing and billing.

Read more about NetSuite

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QuickBooks Online Advanced logo

Accounting & business management for small businesses

Streamline accounts receivable with automated invoicing, payment tracking, and real-time reporting for optimized cash flow management.

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.

BQE CORE is a cloud-based software designed specifically for architecture and engineering firms. The platform integrates accounting, invoicing, project management, and resource planning features that streamline operations across entire organizations. BQE CORE enables firms to track time and expenses, manage projects profitably, and access real-time financial data through a centralized system that eliminates the need for multiple software solutions.

Read more about BQE CORE Suite

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Avaza logo

All-in-one, client-focused project management for teams.

Access multi-currency expense tracking, budgeting and billing all in one app with Avaza. Available in the cloud, from any device.

Read more about Avaza

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Patriot Accounting logo
Category Leaders

Cloud-based accounting and payroll software

Patriot Accounting is an online accounting solution that allows businesses to track and manage transactions, import bank transactions, reconcile accounts, send estimates & invoices & more.

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 accounts receivable helps companies increase cash flow by automating invoicing, collection processes and reporting.

Read more about Sage Intacct

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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

Users also considered
Invoice Ninja logo

More than Invoicing. Powerful Apps to Run Your Business!

Create. Send. Get Paid.

Invoice Ninja is the leading small-business platform to invoice, accept payments, track expenses & time tasks. Designed for freelancers and small to medium size businesses, Invoice Ninja is a suite of apps to help you get paid.

Read more about Invoice Ninja

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Invoiced logo

Accounts receivable automation software

Go from invoice to cash faster and easier with a trusted award-winning, automated accounts receivable platform helping businesses like JumpCrew to Uber. Invoiced is easy to use, gets you paid 14 days faster on average & reduces time on collections by 95%. Get started with a free demo today!

Read more about Invoiced

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TallyPrime logo

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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Vyapar logo

Ab Har Business Banega Digital

Vyapar can be useful in a number of ways:
Inventory tracking,
Automate invoicing,
Business reporting,
Free payment reminders,
barcode management,
Online Catalogue,
Free transaction messages/
Multiple payment modes management,
and many more.

Read more about Vyapar

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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

Kashoo is simple cloud accounting for small business owners who want the control and simplicity of doing their own books. It provides small business owners with the ability to run their business the way they want to, with tools for invoice management, payment processing, reporting, and more.

Read more about Kashoo

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ZipBooks logo

Accounting and online invoicing software

ZipBooks is a cloud-based accounting software that caters to the bookkeeping and accounting needs of small to medium-sized businesses and bookkeeping firms. The solution offers core accounting, financial reporting, online invoicing, expense tracking, credit card processing, and more.

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Accounting Seed logo
Category Leaders

Accounting and analytics software built on Salesforce

Billing Automation Hassle Free. You can jump right from an opportunity to deliver an invoice, kick off a project, or establish a recurring billing plan. Subscription billing or recurring billing are both easy to manage. Visit: https://www.accountingseed.com/the-product/billing-customers

Read more about Accounting Seed

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Key features for Accounts Receivable software

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

  • Accounting: Reviewers appreciate the real-time visibility, customizable reports, and automation in tracking expenses, income, and bank reconciliations for efficient financial management. 97% of reviewers rated this feature as important or highly important.
  • General Ledger: Users highlight the detailed tracking of financial transactions, easy creation of journal entries, and the ability to generate precise financial statements for better financial oversight. 94% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users value the customization options, automated reminders, and professional templates for creating and managing invoices, ensuring timely payment and streamlined processes. 94% of reviewers rated this feature as important or highly important.
  • Invoice Processing: Reviewers mention the ease of generating, sending, and tracking invoices, integration with other systems, and automation features that reduce manual effort. 94% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Users find the automated matching of transactions, real-time bank data syncing, and error detection features helpful for maintaining accurate financial records. 93% of reviewers rated this feature as important or highly important.
  • Expense Tracking: Reviewers appreciate the categorization, attachment of receipts, real-time syncing with bank accounts, and reporting features that simplify managing and analyzing business expenses. 91% of reviewers rated this feature as important or highly important.