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Top Rated Financial Reporting Software with Time & Expense Tracking 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: March 2026

Time and expense tracking enables accurate payroll processing, monitors project costs, and helps manage budgets. It supports detailed financial reporting by importing and categorizing expenses, providing insights for better financial decision-making. Our reviewers in financial reporting software rated this feature as highly important.

4 Best Financial Reporting Software with Time & Expense Tracking

  • FreshBooks
  • Dynamics 365 - Highest rated for time & expense tracking
  • QuickBooks Enterprise
  • Wave

See other top Financial Reporting products with time & expense tracking

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 time & expense tracking, 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 time & expense tracking 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

FreshBooks logo
4.5
(4.5K)
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User insights about the time & expense tracking feature

Reviewers indicate that FreshBooks' time & expense tracking is effective and reliable, with easy-to-use features for starting and pausing the time counter. They appreciate the ability to transfer tracked hours to invoices and upload receipts for expenses. Users find it simple to track time for projects and manage expenses on the go. However, some mention that the 'New FreshBooks' version can be buggy and slow, causing frustration. Overall, they value the ease of use across multiple devices and the organizational benefits it provides.
“I can track time using the built-in Freshbooks timer. I can also add expenses and upload receipts which are easily allocated to the client and added to their invoices.”
Verified reviewer profile picture

Allison G.

Owner

“Tracking our time and expenses are so much easier from fresh books. It is simple and I do it as I'm on the go”
KT

Kayla T.

Owner

Financial Reporting key features coverage

FreshBooks offers 6 out of the 6 key features for Financial Reporting software identified by reviewers:

Accounting4.5
Income & Balance Sheet4.4
Profit/Loss Statement4.7
Bank Reconciliation4.4
Billing & Invoicing4.6
General Ledger4.4

Pros and cons based on 4,506 verified reviews

59% of users rated FreshBooks 5 out of 5 stars, while 2% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 4,506 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Cloud accounting accessibility

Efficient invoicing capabilities

Tailored for small businesses

Minimal learning curve

Effective freelancer tools

Cons:

Reliance on internet connection

Limited bank integration

High costs for larger teams

Frequent technical issues

See pros and cons details

Pricing

Starting price:$21 flat rate/per month|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 time & expense tracking feature

Reviewers appreciate Dynamics 365's time & expense tracking capabilities for their simplicity and efficiency. They find it valuable for managing expenses in one space and saving time, which in turn reduces costs and increases profits. Users report that it helps in making investment decisions by tracking which products are profitable. They indicate that the integration with Dynamics 365 Project Operations or Project Service Automation allows for precise documentation of working hours and project-related costs, enhancing overall business management.
“ft expands its time and expenditure tracking capabilities with Time Tracking.The project management software Dynamics 365 Project Operations or Dynamics 365 Project Service Automation from Microso Employees may quickly and precisely document their working hours as well as their project-related costs thanks to it.”
BA

Banajit A.

Sale

“helps in managing time and track expenses to know which product is profitable and help in making investment decisions.”
HA

Herman A.

Network Security Administrator

Financial Reporting key features coverage

Dynamics 365 offers 6 out of the 6 key features for Financial Reporting software identified by reviewers:

Accounting4.1
Income & Balance Sheet4.5
Profit/Loss Statement4.5
Bank Reconciliation4.4
Billing & Invoicing4.5
General Ledger4.5

Pros and cons based on 5,809 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 5,809 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 Enterprise logo
4.5
(20.6K)
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User insights about the time & expense tracking feature

Users report that QuickBooks Enterprise's time & expense tracking is efficient for recording hours worked and billing services. They find it helpful for tracking income, expenses, and cash flow, which aids in financial planning. Reviewers appreciate the ease of generating financial reports and maintaining accurate records. They indicate that it helps ensure proper billing and curbs potential financial discrepancies. However, some users mention that they primarily use other software for this function, and a few do not utilize this feature at all.
“Time and Expense Tracking feature makes this software a super power because I can now record the number of hours worked in order to bill them for the rendered services.”
GC

Golden C.

Accounts Clerk

“It help me track my income and expenses and be able to plan ahead ”
PM

Patrick M.

Freelance

Financial Reporting key features coverage

QuickBooks Enterprise offers 6 out of the 6 key features for Financial Reporting software identified by reviewers:

Accounting4.6
Income & Balance Sheet4.6
Profit/Loss Statement4.5
Bank Reconciliation4.5
Billing & Invoicing4.6
General Ledger4.5

Pros and cons based on 20,609 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 20,609 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.

Wave logo
4.4
(1.7K)
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User insights about the time & expense tracking feature

Reviewers indicate that Wave's time & expense tracking is useful for freelancers and small business owners to manage work hours and expenses for tax purposes. They appreciate the ability to track expenses by uploading receipts and justifying them. Users find the timesheet system helpful for recording employee hours and tracking customer expenses. However, some note the lack of a recurring expense feature and the need for separate solutions for time tracking for billing purposes. Overall, they value the overview of accounting and the efficiency it brings.
“This is one feature that would be helpful, and I do track expenses on a customer specific basis when applicable, but Time tracking for billing purposes isn't available, within the program, so I do that separately. There's probably an integration that would work, I just haven't investigated.”
Verified reviewer profile picture

Autumn W.

Owner

“Time and Expense tracking is Wave has a great timesheet system that helps keep record of invoice reminders, can record each employee's working hours, and of course track customers expenses. ”
Verified reviewer profile picture

Kalina B.

Human Services

Financial Reporting key features coverage

Wave offers 6 out of the 6 key features for Financial Reporting software identified by reviewers:

Accounting4.5
Income & Balance Sheet4.5
Profit/Loss Statement4.5
Bank Reconciliation4.3
Billing & Invoicing4.6
General Ledger4.2

Pros and cons based on 1,718 verified reviews

61% of users rated Wave 5 out of 5 stars, while 6% gave it 1 or 2 stars. To determine these pros and cons insights we analyzed 1,718 reviews and identified the topics where users expressed positive and negative sentiment.

Pros:

Affordable for small businesses

Intuitive and modern interface

Excellent value for small businesses

Comprehensive invoicing features

Effective bookkeeping solution

Cons:

Slow performance and load times

Ineffective email communication

Limited customer support options

Unresolved software issues

Challenging bank reconciliation

See pros and cons details

Pricing

Starting price:$19 flat rate/per month|Free version:Available|Free trial:Available

Prices may vary depending on the number of users and features.

Other Top Rated Financial Reporting Software with Time & Expense Tracking in 2026

Sage Intacct logo

Sage Intacct

Best-in-class Cloud ERP for Finance

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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
QuickBooks Enterprise logo

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.

Read more about QuickBooks Enterprise

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
FreshBooks logo

Invoice and accounting software tailored to small businesses

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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.

Read more about FreshBooks

Users also considered
Dynamics 365 logo

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.

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
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
NetSuite logo

AI-powered cloud-based business management suite

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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.

Read more about NetSuite

Users also considered
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.

Read more about Happay

Users also considered
QuickBooks Online Advanced logo

Accounting & business management for small businesses

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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.

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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
Circula logo

The first app, that combines expense management and Benefits

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Circula is an expense management and benefits administration software, that focuses strongly on the best possible user experience and guarantees compliance with European law standards.

Read more about Circula

Users also considered
Emburse Nexonia logo

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.

Read more about Emburse Nexonia

Users also considered
BILL Spend & Expense logo

The all-in-one expense management solution.

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

Read more about BILL Spend & Expense

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
JobBOSS² logo

Job shop system for manufacturing workflows

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JobBOSS² is a job shop management software designed specifically for custom metal manufacturing businesses. It streamlines operations through integrated scheduling, inventory tracking, and job costing features that help manufacturers optimize workflows. The system includes AI-based tools, such as BOM Builder, quality management capabilities, and real-time analytics that enable businesses to monitor production efficiency and profitability.

Read more about JobBOSS²

Users also considered
Ramp logo
Category Leaders

Corporate card and expense management platform

learn more
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.

Read more about Ramp

Users also considered
SAP S/4HANA Cloud logo

A complete, intelligent ERP system for enterprises.

learn more
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

Users also considered
Sage Accounting logo

Accounting software for small businesses

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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
SAP Business One logo

Finance and Business Management (ERP) System

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Enterprise resource planning software for SMEs. Manage every aspect of your small or midsize business with SAP Business One.

Read more about SAP Business One

Users also considered
Acumatica Cloud ERP logo

Cloud-based enterprise resource planning software

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Acumatica Cloud ERP provides best-in-class integrated financial and business management, with full back-office functionality, designed to help you run your business more effectively. Acumatica is one system that integrates your company’s financial management, operations, CRM, and more.

Read more about Acumatica Cloud ERP

Users also considered
Tipalti logo

Finance automation and accounts payable solution

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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.

Read more about Tipalti

Users also considered
Soldo logo

Expense Management and Soldo Company Cards

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Stop the headache of expense management with Soldo company cards tied to a powerful expense management platform.

Read more about Soldo

Users also considered
FreeAgent logo

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

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Use FreeAgent to create a number of financial reports such as Profit & Loss, Balance Sheet, Trial Balance, Aged Debtor & Creditor Reports and Dividend Reports.

Read more about FreeAgent

Users also considered
Viewpoint Spectrum logo

Web-based contractor accounting and payroll management tool

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Viewpoint Spectrum is a web-based construction ERP solution that assists with accounting, project management, human resources & payroll, mobile onboarding, equipment & materials management, work order management, service management, inventory, reporting, and more.

Read more about Viewpoint Spectrum

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 appreciate the automation, detailed tracking, and integration capabilities. It simplifies managing expenses, accounts payable, and financial reporting, enhancing overall business efficiency. 97% of reviewers rated this feature as important or highly important.
  • Income & Balance Sheet: Users highlight customization, detailed financial insights, and ease of consolidation for multiple entities. It aids in tracking financial performance, strategic planning, and ensuring compliance. 96% of reviewers rated this feature as important or highly important.
  • Profit/Loss Statement: Reviewers value the flexibility, detailed analysis, and customization options. It supports accurate financial tracking, budgeting, and strategic decision-making. 96% of reviewers rated this feature as important or highly important.
  • Bank Reconciliation: Users find it crucial for maintaining accurate financial records, detecting discrepancies, and improving cash flow management. Integration with bank accounts streamlines the reconciliation process. 94% of reviewers rated this feature as important or highly important.
  • Billing & Invoicing: Reviewers emphasize the automation, customization, and efficiency. It simplifies tracking billable expenses, generating professional invoices, and ensuring timely payments. 94% of reviewers rated this feature as important or highly important.
  • General Ledger: Users appreciate the comprehensive tracking, detailed categorization, and real-time updates. It facilitates accurate financial reporting and insights, essential for informed business decisions. 92% of reviewers rated this feature as important or highly important.