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Financial Reporting Software

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NetSuite logo



The World’s Leading, Most Deployed Cloud ERP Solution

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With NetSuite financial reports, gain a more complete picture of your business and generate accurate financial statements and reports that comply with US GAAP, IFRS and other accounting standards. Multi-entity and multi-book accounting capabilities make financial consolidation and reporting easy.

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Spreadsheet Server logo

Spreadsheet Server


Connect your ERP to Excel in real-time for Finance reporting

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Spreadsheet Server is a financial and operational reporting solution that connects with over 130 ERP / Accounting systems to feed live data into Microsoft Excel spreadsheets.

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Multiview ERP logo

Multiview ERP


End Month End

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Multiview is a highly-scalable modular ERP software for scaling organizations which require more automation, control and insight into their operations. A fully-integrated suite of financials ranges from core accounting, budgeting and forecasting to materials management and workflow approvals.

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Longview Tax logo

Longview Tax


Corporate tax management and reporting with Longview Tax.

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Longview Tax is a corporate tax management solution that provides businesses with tools for managing tax strategies, collecting data, provisioning, and reporting on taxes. The cloud-based platform also offers tools for tax planning and helps businesses create data-driven strategies.

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Jet Reports logo

Jet Reports


Flexible Financial and Business Reporting Inside Excel

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Jet Reports is a flexible financial and business reporting solution running inside of Excel and on the Web. From advanced business reports to sophisticated financial statements, business users can create reports in Excel with no exporting, no copying and pasting, and no programming required.

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Tipalti logo



Finance automation that cuts 80% of your manual finance work

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Tipalti accelerates the financial close by reconciling supplier payments in real-time while providing AP and 1099 / 1042-S tax preparation reports. Includes real-time integrations with your ERP or accounting software, including NetSuite, Xero, Sage, Quickbooks and more.

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Accounting Seed logo

Accounting Seed


Reinvent the way you do accounting

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Our users can easily get tailored, real-time data and complete visibility of their business results with Accounting Seed’s dynamic dashboards and financial reports features.

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Allvue logo



Investment management software for private equity firms

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Allvue’s Business Intelligence solution gives key decision makers access to advanced, easy-to-use data visualization tools and reports. Identify red flags across the firm with easy-to-set-up, easy-to-use reports and easily spot trends across your portfolio companies, deal pipeline and entire firm.

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Ramp logo



Corporate card and expense management platform

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Ramp is a cloud-based expense and spend management solution that provides businesses with virtual corporate cards for employees and allows them to track and manage company spending. The platform helps businesses to track trends in spending and identify areas where costs could be cut.

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Fuel logo



Web-based financial management and planning platform

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Fuelfinance develops software designed to assist startups with financial management and planning.

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Leapfin  logo



Produce transaction-level, GAAP-compliant, accurate reports

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Digital brands that are expanding quickly want speedier, auditable, GAAP-compliant revenue data for each transaction.

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QuickBooks Desktop Enterprise logo

QuickBooks Desktop Enterprise


Enterprise accounting, FSM and inventory management solution

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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.

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Quickbooks Online logo

Quickbooks Online


Small business accounting software

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Generate a series of 1-click reports through Quickbooks Online such as Profit & Loss, Balance Sheet and more. Share & collaborate on these with your accountant

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FreshBooks logo



Accounting Software Built for Owners

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FreshBooks makes it quick and easy to generate popular reports like: profit & loss, payments collected, tax summary, expense reports, and many more.

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Dynamics 365 logo

Dynamics 365


ERP and CRM applications from Microsoft

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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.

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Xero logo



Accounting Software for SMBs

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Xero facilitates the viewing and sharing of over 40 interactive financial reports in real time, such as profit and loss, balance sheet, tax returns, and more.

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Wrike logo



Manage your projects from start to finish with Wrike

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Wrike is a work management platform trusted by more than 20,000 companies. Use features such as intuitive time tracking tools, automated reports, and custom analytics dashboards to help keep track of your finances. Share important data with stakeholders and improve profitability with Wrike.

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QuickBooks Desktop Pro logo

QuickBooks Desktop Pro


Billing, Invoicing, and Work Order Management

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QuickBooks Desktop Pro automates billing and invoicing in addition to work orders. Users can link bank accounts, define workflows, and make automated payments.

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Wave Accounting logo

Wave Accounting


Accounting, invoicing, and payroll management platform

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Wave is true double-entry accounting, not just a "lite" expense/income tracker. Get Balance Sheet, Income Statement, Aged Receivables/Payables, and more.

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Happay logo



A simple and intuitive solution that focuses on the people.

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Happay is a first-of-its-kind all-in-one Integrated Solution for Corporate Travel, Expense, and Payments Management. With over 7000+ customers globally, and across industries, Happay solves complex finance use cases with precision.

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Expensify logo



Automated expense management

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Easily track your receipts and manage expenses on the go with Expensify. Just take a photo of your receipt and Expensify automatically transcribes the details.

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QuickBooks Online Advanced logo

QuickBooks Online Advanced


Accounting & business management for small businesses

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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

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BQE CORE Suite logo



Time & Billing | Project Management | Accounting

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BQE CORE makes it easier and more profitable to run professional services firms. It organizes information, automates repetitive tasks and allows your firm to spend more time providing service to your clients instead of managing internal processes.

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Nexonia Expenses logo

Nexonia Expenses


Expense management for ERP & accounting systems

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Automated timesheet, expense management, and corporate travel solution that gives busy financial leaders the tools to get T&E spending under control.

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BILL Spend & Expense (Formerly Divvy) logo

BILL Spend & Expense (Formerly Divvy)


The all-in-one expense management solution.

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Divvy is the all-in-one expense management solution that combines free software with corporate cards to provide a seamless experience for requesting, spending and tracking your business finances.

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Here's what we'll cover:

Buyers Guide

Financial Reporting

Financial reporting involves generating financial statements, which communicate the financial position of a business to business owners and managers, employees, investors, tax authorities, and financial institutions. 

These statements are used for multiple purposes such as sharing a business’s financial standing with potential investors or banks planning to lend working capital to the business. The statements are used by business owners and managers to take important business decisions and for operations such as preparing budget models. Employees use these statements for creating collective bargaining agreements in case of trade unions or negotiating their compensation and ranking. Further, tax authorities, such as the IRS, use these reports to evaluate the company’s tax filings and compliance.

However, managing the process without a financial reporting tool can be laborious for you and risky for the business. It can be laborious as you have to carry out complex calculations in spreadsheets and often enter the same data in multiple sheets to generate reports such as income statements and balance sheets. It can be risky for the business as inaccurate financial reports increase the risk of non-compliance with accounting regulations.

Using financial reporting solution helps reduce manual labor, ensure compliance with important accounting regulations, and provide a clear view of the business’s financial position. In this buyers guide, we will understand the key components of financial reporting software. We will also help you select the right software for your business based on your business requirements. Here is what we’ll cover:

What is financial reporting software?

Financial reporting software provides a clear view of the business’s financial position by helping generate accurate reports such as cash flow statements and balance sheets.  

Accurate financial reports are important to ensure compliance with accounting regulations by avoiding inaccurate financial disclosures. Further, the tool helps make informed business decisions by predicting potential financial scenarios for users to, understanding their business impact.

What are the deployment options for financial reporting software?

To select the right financial reporting tool, it is essential to understand the deployment options available and how they impact your business. Here are the two main types of deployment options: 

Cloud-based deployment: Cloud-based software vendors host their solutions on third-party or their own servers. They also take care of the maintenance and support of these solutions. Software users can access these solutions on any device connected to the internet. These solutions are usually available for a subscription-based pricing model, paid annually or monthly.

On-premise deployment: Businesses host on-premise software on their own servers and self-manage data storage, updates, and maintenance. Users can access these solutions only through the devices installed on business premises. The pricing model of these solutions is license-based and depends on the number of users.

Key questions to ask vendors: Do users require additional training and support to operate the tool? Is the training free or does it come at an additional cost?

What are some common features of financial reporting software?

Understanding of the common features of financial reporting software will ensure you select a solution that caters to the core requirements of financial reporting.

Here are the common features of financial reporting software:

Profit and loss statement (P&L): Gain a complete view of your current revenue, profit, and spending through informative dashboards. The tool helps you plan your budget better by spotting trends in income and spending. You can also identify the cause of such trends, which may be a strategic marketing campaign, profitable season, or market situation.

profit and loss

Profit and loss statement in Xero (Source)

Balance sheet: Automatically prepare balance sheets using your P&L statements. You can also generate balance sheets by importing data from spreadsheets or tools like Tally and Busy. Further, you can compare your financial position across months, quarters, or years.

balance sheet

Balance sheet in Futrli (Source)

Cashflow: Identify the impact of cash inflow and outflow on your business. You can also view the impact of cash flow on your departments, lines of credit, and other operations. The tool also helps monitor cash flow using your income statements, tax calculations, and profit and loss statements.

cash flow

Cashflow dashboard in FreeAgent (Source)

Forecasting: Forecast financial scenarios and your future financial position. You can use current or past financial data to predict potential business events or identify market trends. The tool also helps compare the impact of potential events using “what-if” scenarios.


Scenario comparison in Float Cash Flow (Source)

Key question to ask a vendor before you buy: Does your tool offer all the above-mentioned features under the same pricing plan or are some of these included in a premium plan?

Back to financial reporting software directory

Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations, obtained from sources believed to be reliable at the time of publication.