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Top Rated Financial Reporting 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: February 2026

A profit/loss statement provides an accurate snapshot of a company's financial performance, enabling detailed expense tracking, trend analysis, and comparison over different periods. It supports strategic planning and informed decision-making. Our reviewers in financial reporting software rated this feature as highly important.

4 Best Financial Reporting Software with Profit/Loss Statement

  • QuickBooks Enterprise
  • Dynamics 365
  • QuickBooks Online - Highest rated for profit/loss statement
  • QuickBooks Desktop

See other top Financial Reporting products with profit/loss statement

How we picked the 4 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 financial reporting 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 4 best products

QuickBooks Enterprise logo

QuickBooks Enterprise

4.5
(20.5K)
visit website

User insights about the profit/loss statement feature

Reviewers appreciate QuickBooks Enterprise's profit/loss statement for its simplicity and ease of use. They find it easy to read, customizable, and valuable for tracking profits and losses over various periods. Users highlight its capability to generate detailed and accurate financial insights, aiding in decision-making and tax preparation. However, some users mention difficulties in setup and usage. They value the ability to quickly download reports in Excel and the convenience of generating finance statements for better business evaluation.
“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

Financial Reporting key features coverage

QuickBooks Enterprise offers 5 out of the 5 key features for Financial Reporting software identified by reviewers:

Accounting4.6
Income & Balance Sheet4.6
Bank Reconciliation4.5
Billing & Invoicing4.6
General Ledger4.5

Pros and cons based on 20,593 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 20,593 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.

Dynamics 365 logo
4.4
(5.8K)
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User insights about the profit/loss statement feature

Reviewers highlight Dynamics 365's profit/loss statement for its real-time data integration and ease of use. They appreciate its accuracy and the ability to generate up-to-date financial insights for informed decision-making. Users find it helpful for tracking spending patterns and financial transactions, aiding in strategic planning and business analysis. They mention that the functionality and ease of editing reports are beneficial for their business operations.
“The "Profit/Loss Statement" in Dynamics 365 provides crucial financial insights, aiding in decision-making by integrating real-time data for accurate forecasting and strategic planning across business operations.”
IS

Intiaj S.

Owner

“A Profit/Loss Statement in Dynamics 365 impacts financial visibility, aiding decision-making. It integrates data for accurate analysis, driving business strategy and profitability.”
Verified reviewer profile picture

masud r.

owner

Financial Reporting key features coverage

Dynamics 365 offers 4 out of the 5 key features for Financial Reporting software identified by reviewers:

Accounting
Income & Balance Sheet4.5
Bank Reconciliation4.4
Billing & Invoicing4.5
General Ledger4.5

Pros and cons based on 5,800 verified reviews

52% of users rated Dynamics 365 5 out of 5 stars, while 2% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 5,800 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Comprehensive sales management

Effective customer relationship management

Enhanced team collaboration

Efficient task management

Seamless Microsoft integration

Cons:

Slow performance speed

Disruptive software updates

Steep learning curve

High costs and complexity

See pros and cons details

Pricing

Starting price:$50 per user/per month|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)
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User insights about the profit/loss statement feature

Users find QuickBooks Online's profit/loss statement essential for tracking company performance. They appreciate its ease of access, readability, and customization options. Reviewers highlight the ability to compare different periods and drill down into data for detailed analysis. They mention its quick loading times and the convenience of generating reports for tax preparation and business strategy. Some users note that while the reports are generally straightforward, they could benefit from improved detail and drill-down capabilities.
“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

Financial Reporting key features coverage

QuickBooks Online offers 5 out of the 5 key features for Financial Reporting software identified by reviewers:

Accounting4.5
Income & Balance Sheet4.5
Bank Reconciliation4.4
Billing & Invoicing4.4
General Ledger4.4

Pros and cons based on 8,328 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 8,328 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 Desktop logo
4.4
(2.5K)
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User insights about the profit/loss statement feature

Reviewers indicate that QuickBooks Desktop's profit/loss statement is easy to generate, read, and customize. They value the ability to compare different periods and save report parameters for frequent use. Users appreciate its accuracy and reliability for financial reporting, aiding in tax preparation and business planning. They find it helpful for tracking company performance and making informed decisions. However, some users mention that the setup can be challenging and customer support is lacking.
“Ability to compare different periods side by side to analyze trends. Also the ability to save report parameters by category so that the reports we need most frequently can be quickly run without having to set up the selection criteria repeatedly.”
BC

Bonnie C.

CFO

“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

Financial Reporting key features coverage

QuickBooks Desktop offers 5 out of the 5 key features for Financial Reporting software identified by reviewers:

Accounting5.0
Income & Balance Sheet4.6
Bank Reconciliation4.6
Billing & Invoicing4.6
General Ledger4.6

Pros and cons based on 2,534 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 2,534 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 Financial Reporting Software with Profit/Loss Statement in 2026

NetSuite logo

NetSuite

AI-powered cloud-based business management suite

visit website
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.

Read more about NetSuite

Users also considered
Sage Intacct logo

Sage Intacct

Best-in-class Cloud ERP for Finance

visit website
Save over 40+ hours per month on financial reporting and achieve real-time visibility into business performance.

Read more about Sage Intacct

Users also considered
Accounting Seed logo

Accounting Seed

Accounting and analytics software built on Salesforce

visit website
Stay on top of your business goals with dynamic dashboards and financial reporting features in Accounting Seed. Get better visibility of results with tailored, real-time data across sales, operations, and finance.
Visit: https://www.accountingseed.com/product/accounting-core/

Read more about Accounting Seed

Users also considered
QuickBooks Enterprise logo

QuickBooks Enterprise

Enterprise accounting, FSM and inventory management solution

visit website
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
Spreadsheet Server logo

Spreadsheet Server

Category Leaders

ERP to Excel reporting. Simple formulas. Real-time data.

visit website
Connect 140+ ERPs to Excel. Real-time financial reports using formulas you know. AI help built-in. Drill to details. Zero IT needed.

Read more about Spreadsheet Server

Users also considered
CCH Tagetik logo

CCH Tagetik

Cloud-based & on-premise CPM solution for financial planning

visit website
CCH Tagetik is a unified Corporate Performance Management software platform for finance budgeting, planning, dashboard-based insight reporting & data visualization

Read more about CCH Tagetik

Users also considered
Jet Reports logo

Jet Reports

Flexible Financial and Business Reporting Inside Excel

visit website
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.

Read more about Jet Reports

Users also considered
Longview Tax logo

Longview Tax

Corporate tax management and reporting solution

visit website
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.

Read more about Longview Tax

Users also considered
FreshBooks logo

FreshBooks

Invoice and accounting software tailored to small businesses

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

Read more about FreshBooks

Users also considered
DataSnipper logo

DataSnipper

Intelligent automation platform for financial control

visit website
DataSnipper is a cloud-based intelligent automation platform designed for audit and finance teams that helps streamline workflows and offers features such as data collection, extraction, matching, and analysis.

Read more about DataSnipper

Users also considered
Plus & Minus logo

Plus & Minus

Accounting and ERP accounting in real-time

visit website
Real-time accounting and ERP accounting software in the cloud or on-premises offering automated processes and transaction recording, reporting, and analysis

Read more about Plus & Minus

Users also considered
QuickBooks Online logo

Accounting and business management software

learn more
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.

Read more about QuickBooks Online

Users also considered
Dynamics 365 logo

ERP and CRM applications from Microsoft

learn more
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

learn more
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.

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

Read more about Wave

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

learn more
Advanced financial reporting with customizable templates, real-time analytics, and automated data consolidation for informed oversight.

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
Emburse Nexonia logo

Expense management for ERP & accounting systems

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

Read more about Emburse Nexonia

Users also considered
BILL Spend & Expense logo

The all-in-one expense management solution.

learn more
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

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
A2X logo

Accurate ecommerce accounting, without the fuss.

learn more
Have your Amazon & Shopify sales reconciled accurately in QuickBooks & Xero with A2X.

Read more about A2X

Users also considered
Zoho Books logo
Category Leaders

Online accounting software for businesses of all sizes

learn more
Zoho Books generates a comprehensive list of financial reports such as profit & loss reports, cash flow statements, tax statements, balance sheet, and more.

Read more about Zoho Books

Users also considered
Bench logo

You run your business. We’ll do your bookkeeping.

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Let Bench take bookkeeping off your hands—so you can focus on what matters most. Each month Bench gives you a clear, accurate financials. You can monitor your business's financial health, download your financial statements, and chat with your bookkeeping team any time.

Read more about Bench

Users also considered
Syft Analytics logo
Category Leaders

The interactive & collaborative financial reporting tool.

learn more
Syft Analytics is the award-winning financial reporting and data analytics software that helps growing businesses understand their financial data.

Read more about Syft Analytics

Users also considered

Key features for Financial Reporting software

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

  • Accounting: Reviewers highlight the automation of accounting tasks, real-time updates, and detailed tracking. They appreciate the ease of managing expenses, general ledgers, and invoices, improving financial visibility and efficiency. 97% of reviewers rated this feature as important or highly important.
  • Income & Balance Sheet: Users value the comprehensive financial snapshots these reports provide. They highlight the customization, accuracy, and detailed insights into assets, liabilities, and equity for better financial planning and compliance. 96% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Users emphasize the ease and accuracy of matching transactions with bank statements. They highlight time savings, error reduction, and improved financial record-keeping as key benefits. 94% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Users highlight the automation and customization features, which simplify the creation and tracking of invoices. They appreciate the integration with payment systems, enhancing cash flow and customer satisfaction. 94% of reviewers rated this feature as important or highly important.
  • General Ledger: Reviewers appreciate the comprehensive record-keeping, real-time updates, and the ability to drill down into transactions. They value the organization and accuracy it brings to financial reporting and decision-making. 92% of reviewers rated this feature as important or highly important.