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Top Rated Recurring Billing 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 tracking allows businesses to monitor financial performance, prepare accurate reports, and ensure transparency. It helps with account reconciliation, tax preparation, and provides a clear overview of cash flow and profitability. Our reviewers in recurring billing software rated this feature as highly important.

6 Best Recurring Billing Software with Income & Balance Sheet

Product
User rating
Starting price
FreshBooks logo
4.5
(4.5K)
21
flat rate/per month
visit website
Xero logo
4.4
(3.2K)
25
flat rate/per month
visit website
Wave logo
4.4
(1.7K)
19
flat rate/per month
learn more
QuickBooks Online Advanced logo
4.4
(1K)
235
flat rate/per month
learn more
QuickBooks Desktop logo
4.4
(2.5K)
1922
flat rate/per year
learn more
QuickBooks Online logo
4.3
(8.3K)
38
flat rate/per month
learn more

See other top Recurring Billing 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 Recurring Billing 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

FreshBooks

Reviews Sentiment
 
 
 
1-2(82)
3-4(1,765)
5(2,655)
Key Features
Invoice Processing4.6
Electronic Payments4.5

User insights about the income & balance sheet feature

Reviewers appreciate FreshBooks' user-friendly interface for generating income and balance sheet reports. They highlight the ease of inputting data, customizing reports, and exporting financial data. Users find the reports clear and comprehensive, helping them track financial performance and make informed decisions. Some mention that the platform simplifies financial management for small businesses.

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
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
Xero logo

Xero

Reviews Sentiment
 
 
 
1-2(157)
3-4(1,150)
5(1,943)
Key Features
Invoice Processing4.6
Electronic Payments4.6

User insights about the income & balance sheet feature

Reviewers appreciate Xero's ease of generating and customizing income and balance sheet reports. They highlight the clear presentation, the ability to drill down into details, and the flexibility of report formats. Users find the reports useful for financial tracking and decision-making, though some mention challenges with report customization and integration with other tools.
Verified reviewer profile picture

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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
Wave logo
Reviews Sentiment
 
 
 
1-2(108)
3-4(553)
5(1,049)
Key Features
Invoice Processing4.6
Electronic Payments4.4

User insights about the income & balance sheet feature

Users find Wave's income and balance sheet reports simple to generate and understand. They appreciate the automatic generation of yearly balance sheets and the ability to share reports with accountants. Reviewers mention that while the reports are basic and lack advanced customization, they are adequate for small businesses and provide a clear financial overview.

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

“Considering who Wave is designed for, the Income Statement and Balance Sheet are just fine. It lacks the features and customization of more robust GL systems, but for free software you couldn't ask for more.”
SP

Sonny P.

Owner

Starting price
19flat rate /
per month
learn more
Pros and Cons based on 1,710 verified reviews

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 Advanced logo
Reviews Sentiment
 
 
 
1-2(40)
3-4(369)
5(626)
Key Features
Invoice Processing4.7
Electronic Payments3.9

User insights about the income & balance sheet feature

Reviewers indicate that QuickBooks Online Advanced makes generating and customizing income and balance sheet reports straightforward. They appreciate the prefab templates and the ability to track income automatically from connected bank accounts. Users report that while the reports are easy to create and review, customizing them can be challenging, especially for multicompany files.

See related user reviews

“Reports are easy to generate and customize, and QBO Advanced comes with a number of prefab templates for generating different views on these reports. Only not 5 stars because, if you have multiple company files, it can be a real chore to assemble multicompany reports from within a single company file.”
CF

Cody F.

Finance Director

“All of my income that comes into my connected bank accounts is automatically tracked in QB Online Advanced. ”
ST

Shannon T.

Owner operator

Starting price
235flat rate /
per month
learn more
Pros and Cons based on 1,035 verified reviews

Convenient remote access

Efficient bookkeeping

Comprehensive tracking features

Robust financial management

Organized multi-entity management

Challenging issue resolution

Limited desktop version compatibility

High costs and confusing pricing

Inconsistent customer service

Subpar mobile accessibility

See pros and cons details
QuickBooks Desktop logo
Reviews Sentiment
 
 
 
1-2(86)
3-4(1,034)
5(1,414)
Key Features
Invoice Processing4.6
Electronic Payments

User insights about the income & balance sheet feature

Reviewers appreciate QuickBooks Desktop's ease of generating and customizing income and balance sheet reports. They highlight the clear, comprehensive insights provided, which help in financial management and decision-making. Users report that while the reports are accurate and detailed, accessing them online can be inconvenient, and some find the setup process time-consuming.

See related user reviews

“I'm able to pull an Income and Balance Sheet statement at company level and also location level to make sure that I know where we are at profitability wise across all of our locations.”
JM

Jack M.

Senior VP of Finance

“I like the clear and comprehensive insights provided by this feature, which helps me to effectively monitor my financial health and make informed business decisions.”
SM

Shelmith M.

Admin Virtual Assistant

Starting price
1922flat rate /
per year
learn more
Pros and Cons based on 2,534 verified reviews

Comprehensive expense tracking

Ideal for small businesses

Efficient bookkeeping

Accessible learning resources

Robust accounting software

Frequent and costly upgrades

Inefficient phone support

Challenging file management

Inadequate support

High costs and fees

See pros and cons details
QuickBooks Online logo
Reviews Sentiment
 
 
 
1-2(454)
3-4(3,126)
5(4,748)
Key Features
Invoice Processing4.4
Electronic Payments4.5

User insights about the income & balance sheet feature

Users appreciate QuickBooks Online's ease of generating and customizing income and balance sheet reports. They highlight the real-time data processing and the ability to drill down into specific transactions. Reviewers mention that while the reports are comprehensive and user-friendly, some find the default formatting less intuitive and the setup process challenging.

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
learn more
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 Recurring Billing Software with Income & Balance Sheet in 2026

Sage Intacct logo

Sage Intacct

Best-in-class Cloud ERP for Finance

visit website
The Subscription Lifecycle Made Easy - Automate billing, subscription changes, and revenue recognition to instantly boost efficiency.

Read more about Sage Intacct

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
FreshBooks logo

FreshBooks

Category Leaders

Invoice and accounting software tailored to small businesses

visit website
Use FreshBooks' auto-billing feature to automatically invoice your customers and charge their credit cards on a regular basis by setting up recurring profiles.

Read more about FreshBooks

Users also considered
QuickBooks Online logo

Accounting and business management software

learn more
QuickBooks Online is an all-in-one online business software designed to help manage business finances. The platform is built to scale businesses, unlocking insights and providing the functionality of a larger team, all on one integrated platform.

Read more about QuickBooks Online

Users also considered
Xero logo
Category Leaders

Cloud-based accounting software for small businesses

learn more
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. Simplify business admin and get a range of financial insights to help you make better decisions for your business.

Read more about Xero

Users also considered
QuickBooks Desktop logo

Comprehensive business management solution

learn more
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

learn more
Wave is an integrated solution designed for small businesses. With our automatic bank connections, information flows into Wave, without manual entry. Users can collaborate with accountants or bookkeepers in real-time.

Read more about Wave

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

learn more
QuickBooks Online Advanced is a web-based accounting & business management solution which enables small businesses to track sales, inventory, financial accounts & payroll from a single dashboard

Read more about QuickBooks Online Advanced

Users also considered
BQE CORE Suite logo
Category Leaders

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

learn more
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

learn more
Eliminate the hassle of sending reminders for late or outstanding payments with Odoo’s recurring billing tools. Automate invoice processes by integrating the quotes, delivery orders and contracts.

Read more about Odoo

Users also considered
Patriot Accounting logo

Cloud-based accounting and payroll software

learn more
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
Holded logo
Category Leaders

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

learn more
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
FreeAgent logo

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

learn more
FreeAgent’s award-winning online accounting software is designed specifically for small businesses and freelancers. Over 100,000 customers use FreeAgent to keep their business admin on track.

Read more about FreeAgent

Users also considered
Plaid logo

Platform that enables apps to connect with bank accounts

learn more
Plaid is a technology platform which allows users to create connections between applications and bank accounts to authenticate accounts, check balances in real time, verify identities, validate income, pull transaction data, and verify borrower assets

Read more about Plaid

Users also considered
Oracle Fusion Cloud ERP logo

Cloud-based ERP suite of business solutions

learn more
Oracle Fusion Cloud ERP is a suite of solutions designed to help mid to enterprise-level businesses handle various administrative processes related to risk management, supply chain, procurement, project management, and more.

Read more about Oracle Fusion Cloud ERP

Users also considered
Radom logo
Category Leaders

Cryptocurrency payment processing

learn more
Radom is a crypto payment processor offering a comprehensive billing solution for subscriptions, invoices, and payments, including APIs and Webhooks. Features encompass white-labeled payments, pre-built crypto checkout pages, no-code payment links, subscription management, online crypto invoices, and donation options.

Read more about Radom

Users also considered
Expedite Commerce logo

Managing the Buying Journey with AI

learn more
Expedite Commerce Recurring Billing & Subscription Management software has been exclusively designed for B2B companies to automate, simplify, and streamline their finance and accounting for real-time revenue recognition, reporting, and forecasting.

Read more about Expedite Commerce

Users also considered
FACT ERP.NG logo

ERP solution for integrating business processes

learn more
FACT ERP.NG is Enterprise Resource Planning (ERP) software that creates a unified system for the business processes of Small and Medium Enterprises (SMEs). Accounting, payroll, inventory, CRM, manufacturing, and more are combined to offer a flexible, configurable, mobile solution.

Read more about FACT ERP.NG

Users also considered
AFAS Software logo

Human resources, payroll, and finance management

learn more
AFAS Software is a suite of tools that automates processes for human resources, payroll, & finance management, providing personalized access to the platform for both employees & managers. AFAS features include automated invoice reconciliation, leave and absence registration, payroll analysis & more.

Read more about AFAS Software

Users also considered
Big Red Cloud logo

Accounts Made Simple

learn more
Cloud accounting software for small businesses. It offers secure and easy setup, along with training, telephone and chat support. Features include VAT reports, invoicing, purchase tracking, cash book, bank feed, analytics, and more.

Read more about Big Red Cloud

Users also considered
ScaleXP logo

Smart Finance Automation

learn more
ScaleXP automates revenue recognition, prepayments, KPIs, dashboards and presentations saving you days of work with spreadsheets and enabling you to have valuable, industry specific metrics and professional looking presentations, customised to your needs and colours, available in real time.

Read more about ScaleXP

Users also considered
Averiware logo

AVERIWARE: The Anytime, Anywhere Business Solution

learn more
Averiware cloud ERP software solutions helps organizations lower operational costs by providing real-time visibility into every business process. With accurate, up-to-date data, teams can make faster decisions, reduce manual work, and improve overall productivity across departments.

Read more about Averiware

Users also considered
Billit logo

Online invoicing platform for businesses and accountants

learn more
Billit is an e-platform that provides businesses with financial management tools. Key features include invoicing, making payments, and cost tracking. Documents can be digitized, and the platform supports integration with other solutions, such as customer relationship management software.

Read more about Billit

Users also considered
omniBooks logo

The all-in-one cloud financial and accounting software

learn more
Powerful online accounting software for all your business finance management needs. Grow and track your business with omniBooks.

Read more about omniBooks

Users also considered
BuchhaltungsButler logo

Cloud-based software for SMBs to automate accounting.

learn more
BuchaltungsButler is cloud-based software used across industries for digital accounting. The basic functions include intelligent bookkeeping and account assignment, digitized receipt and payment management, an invoicing program, and an intuitive dashboard with key figures and smart to-do lists.

Read more about BuchhaltungsButler

Users also considered

Key features for Recurring Billing software

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

  • Invoice Processing: Reviewers highlight efficient and accurate invoice creation, automated invoicing, time-saving features, and seamless integration with other systems for tracking payments and client management. 98% of reviewers rated this feature as important or highly important.
  • Electronic Payments: Users value the quick, reliable, and secure handling of electronic payments, including multiple payment options and the ability to schedule recurring transactions. 97% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Reviewers appreciate the automation, customization, and professional look of invoices, along with features for tracking payments and integrating with payment processing systems. 96% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Users mention the ease of matching transactions, maintaining accurate records, and the simplicity of reconciling accounts with automated bank feeds. 95% of reviewers rated this feature as important or highly important.
  • Payment Processing: Reviewers note the streamlined handling of transactions, the variety of payment options, and the security measures that facilitate smooth and efficient payment experiences. 93% of reviewers rated this feature as important or highly important.
  • Recurring/Subscription Billing: Users highlight the automation of regular payments, flexibility in billing cycles, and ease of managing subscriptions, which enhance cash flow predictability and reduce administrative tasks. 90% of reviewers rated this feature as important or highly important.