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Top Rated Billing and Invoicing Software with Income & Balance Sheet in 2026

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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

Income and balance sheets provide clear financial insights, enabling businesses to track revenue, expenses, and profitability. They support informed decision-making, financial planning, tax preparation, and effective financial management. Our reviewers in billing and invoicing software rated this feature as highly important.

6 Best Billing and Invoicing Software with Income & Balance Sheet

Product
User rating
Starting price
FreshBooks logo
4.5
(4.5K)
21
flat rate/per month
NetSuite logo
4.2
(1.9K)
Empty state illustration for "No pricing info"

No pricing info

Dynamics 365 logo
4.4
(5.8K)
50
per user/per month
Xero logo
4.4
(3.2K)
25
flat rate/per month
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 Billing and Invoicing products with income & balance sheet

How we picked the 6 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 Billing and Invoicing 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 6 best products

FreshBooks logo
Reviews Sentiment
 
 
 
1-2(82)
3-4(1,768)
5(2,656)
Key Features
Invoice Processing4.6
Invoice Creation4.6

User insights about the income & balance sheet feature

Reviewers appreciate FreshBooks' income and balance sheet capabilities for their user-friendly interface and ease of generating financial statements. They find the reports valuable for tracking profitability, managing expenses, and ensuring tax compliance. Users highlight the ability to customize reports, the clear presentation of financial data, and the convenience of sharing information with accountants.

See related user reviews

“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
Pros and Cons based on 4,506 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
NetSuite logo
Reviews Sentiment
 
 
 
1-2(92)
3-4(983)
5(916)
Key Features
Invoice Processing4.2
Invoice Creation4.4

User insights about the income & balance sheet feature

Reviewers value NetSuite's income and balance sheet capabilities for their ease of access, real-time data updates, and customization options. They find the reports useful for financial audits, stakeholder communication, and detailed financial analysis. Users appreciate the ability to drill down into transactions, the visibility provided by the system, and the support for consolidated and subsidiary-level reporting.

See related user reviews

“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

“Setting up custom reports and drilldowns is relatively quick and easy to do. You can save report templates, copy existing templates, etc. Pretty user friendly as well. ”
MA

Michael A.

Senior Consultant

Starting price
Empty state illustration for "No pricing info"

No pricing info

Pros and Cons based on 1,991 verified reviews

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
Dynamics 365 logo
Reviews Sentiment
 
 
 
1-2(127)
3-4(2,644)
5(3,038)
Key Features
Invoice Processing4.3
Invoice Creation4.5

User insights about the income & balance sheet feature

Reviewers indicate that Dynamics 365's income and balance sheet capabilities provide essential financial data for accurate reporting, strategic planning, and regulatory compliance. They find the real-time reports helpful for keeping track of financial positions and appreciate the ease of generating monthly and comparative reports. Users also value the system's ability to inform stakeholders.
Verified reviewer profile picture

See related user reviews

“ Income & Balance Sheets in Dynamics 365 provide financial snapshots, aiding in tracking revenue, expenses, and assets. They enable informed decisions, ensuring financial health and compliance. ”
Verified reviewer profile picture

masud r.

owner

“"Income & Balance Sheet" in Dynamics 365 provides essential financial data for accurate reporting, strategic planning, and regulatory compliance, bolstering comprehensive business management capabilities.”
IS

Intiaj S.

Owner

Starting price
50per user /
per month
Pros and Cons based on 5,809 verified reviews
Verified reviewer profile picture

Comprehensive sales management

Effective customer relationship management

Enhanced team collaboration

Efficient task management

Seamless Microsoft integration

Slow performance speed

Disruptive software updates

Steep learning curve

High costs and complexity

See pros and cons details
Xero logo
Reviews Sentiment
 
 
 
1-2(159)
3-4(1,155)
5(1,955)
Key Features
Invoice Processing4.6
Invoice Creation4.6

User insights about the income & balance sheet feature

Reviewers highlight Xero's income and balance sheet capabilities for their ease of use, customization options, and clear presentation. They appreciate the ability to generate detailed financial reports with just a few clicks and the integration with other tools for comprehensive financial management. Users find the reports helpful for tracking cash flow, making informed decisions, and ensuring financial accuracy.
Verified reviewer profile picture

See related user reviews

“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
Pros and Cons based on 3,269 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
Wave logo
Reviews Sentiment
 
 
 
1-2(109)
3-4(558)
5(1,052)
Key Features
Invoice Processing4.6
Invoice Creation4.7

User insights about the income & balance sheet feature

Reviewers appreciate Wave's income and balance sheet capabilities for their clarity, ease of use, and accuracy. They find the financial summaries easy to read and interpret, which is valuable for small business financial reviews and tax preparation. Users also mention the ability to share reports directly with accountants and the helpfulness of automated yearly balance generation.
Verified reviewer profile picture

See related user reviews

“Wave automatically generate our yearly balance in seconds no headched to preapre balance sheet with lots of paperwork physically in simple click it gaves balance sheet monthwise as well yearly with our income”
Rl

Rahul l.

Production manager

“The financial summaries are displayed in a format that is easy to understand and important for my small business financial review”
Verified reviewer profile picture

Nweke C.

Founder, Lead Designer

Starting price
19flat rate /
per month
Pros and Cons based on 1,719 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(456)
3-4(3,151)
5(4,778)
Key Features
Invoice Processing4.4
Invoice Creation4.5

User insights about the income & balance sheet feature

Users report that QuickBooks Online's income and balance sheet capabilities are easy to generate, customize, and understand. They find the automated reports helpful for tracking financial performance, making informed decisions, and preparing taxes. Reviewers appreciate the real-time updates, the ability to drill down into data, and the integration with other software for transparency and accuracy.

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 8,385 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 Billing and Invoicing Software with Income & Balance Sheet in 2026

QuickBooks Enterprise logo

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

Use QuickBooks Online to create custom invoices with your own branding. Insert Pay Now links to your invoices and accept payment via credit card or bank payment

Read more about QuickBooks Online

Users also considered
FreshBooks logo

Invoice and accounting software tailored to small businesses

FreshBooks lets you create, send & track invoices, as well as create expenses, send late payment reminders and account statements, and set up recurring billing.

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

Cloud-based accounting software for small businesses

Xero is an award-winning online accounting software with billing and invoicing solutions designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Easily manage your cash flow, bills, and invoices all in one place.

Read more about Xero

Users also considered
Clio logo

Cloud-based legal practice management tool for law firms.

Legal billing software that gives you sleek, customizable invoices. Generating a bill and receiving payment with Clio is quick and easy—and can be done online.

Read more about Clio

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

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

Optimize receivables and accelerate cash flow by automating billing and invoicing processes with NetSuite's AI-fueled cloud accounting software. Transactions are posted to the GL automatically, which saves time, helps avoid error-prone manual data entry and ensures AR data is always up to date.

Read more about NetSuite

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

Automate billing and invoicing with customizable templates, batch processing, and real-time payment tracking for efficient operations.

Read more about QuickBooks Online Advanced

Users also considered
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

Users also considered
Odoo logo

All-in-one open-source business software

Easily manage recurring billing, subscribers, sales, and more with Odoo’s automated tools. Quickly provide clear contracts and flawless, automated invoices; take care of taxes without stress; and handle payments - all done automatically according to your settings.

Read more about Odoo

Users also considered
BILL Spend & Expense logo

The all-in-one expense management solution.

BILL Spend & Expense (formerly Divvy) is the all-in-one expense management solution.

Read more about BILL Spend & Expense

Users also considered
Patriot Accounting logo

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

Users also considered
Zoho Books logo

Online accounting software for businesses of all sizes

Ensure you get paid on time using Zoho Books invoicing features to send customized invoices and estimates, track payments, send automatic reminders, and more.

Read more about Zoho Books

Users also considered
CosmoLex logo

Web-based legal practice management & accounting software

CosmoLex legal timekeeping & billing software catches every billable item: meetings, tasks, even time on email & research. Get bills out in just one click.

Read more about CosmoLex

Users also considered
Holded logo

ERP, Accounting, Invoicing & more for freelancers and SMBs.

It's a cloud-based invoicing software for freelancers, SMBs and accountant offices to control all aspects of their business and optimise their management.

Read more about Holded

Users also considered
Sage Intacct logo

Best-in-class Cloud ERP for Finance

Ensure your purchasing team is able to place the right orders at the right time for the right price with Sage Intacct

Read more about Sage Intacct

Users also considered
Refrens logo
Category Leaders

Business operating system sales, accounting, and inventory.

Refrens is a business operating system that helps you with invoicing, accounting, bookkeeping, sales, inventory, client & vendor management, and other day-to-day business operations.

Read more about Refrens

Users also considered
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
Lendio logo

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

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

Read more about Lendio

Users also considered
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.

Read more about Deltek Vision

Users also considered
Gestionale sul Web logo

Enterprise resource planning and accounting software

Gestionale sul Web is an enterprise resource planning software that helps businesses of all sizes manage production, billing, orders, suppliers, and sales. Key features include automated supplier orders, order margin analysis, price lists management, payment processing, offers management, and financial flow tracking.

Read more about Gestionale sul Web

Users also considered
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.

Read more about TallyPrime

Users also considered
FreeAgent logo

FreeAgent has been voted the UK's #1 accounting software.

New customer offer: 50% off for the first 6 months. Fully customisable HMRC compliant invoices, automatic late payment reminders, online payments.

Read more about FreeAgent

Users also considered

Key features for Billing and Invoicing software

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

  • Invoice Processing: Reviewers highlight the efficiency and accuracy of invoice processing, noting features like OCR for data extraction, customizable templates, and easy tracking of payments and approvals. 95% of reviewers rated this feature as important or highly important.
  • Invoice Creation: Users appreciate the customization options, ease of use, and ability to create professional invoices quickly. Automated features reduce administrative workload significantly. 94% of reviewers rated this feature as important or highly important.
  • Online Invoicing: Reviewers value the convenience of sending and tracking invoices online, the ability to accept payments, and the integration with CRM systems for enhanced customer relations. 92% of reviewers rated this feature as important or highly important.
  • Invoice History: Users find the comprehensive tracking of past invoices essential for financial management, auditing, and maintaining accurate records. It aids in tracking payments and managing customer relationships. 91% of reviewers rated this feature as important or highly important.
  • Payment Processing: Reviewers emphasize the importance of secure, flexible payment processing with features like partial payments, automated transactions, and integration with popular payment gateways. 91% of reviewers rated this feature as important or highly important.
  • Tax Calculation: Users highlight the automated tax calculation feature for its accuracy, compliance with local regulations, and ability to handle multiple tax rates, simplifying tax management significantly. 82% of reviewers rated this feature as important or highly important.