Top 10 Best P&L Software of 2026

QuickBooks Online is a leading cloud-based accounting software from Intuit, specializing in comprehensive financial management including Profit and Loss (P&L) statements, income/expense tracking, and real-time reporting. It automates invoicing, bank reconciliations, and tax preparation while offering customizable dashboards for deep P&L insights. With robust integrations and scalability, it's trusted by millions for accurate financial visibility across small to large businesses.

Xero is a cloud-based accounting software tailored for small to medium-sized businesses, providing comprehensive tools for tracking income, expenses, and generating profit and loss (P&L) statements in real-time. It automates bank reconciliations, invoicing, and expense management, ensuring accurate P&L reporting with customizable dashboards and multi-currency support. With seamless integrations to over 1,000 apps, Xero streamlines financial workflows and enables collaboration among teams and accountants.

FreshBooks is a cloud-based accounting platform primarily designed for small businesses, freelancers, and service providers, offering tools for invoicing, expense tracking, time tracking, and basic financial reporting including profit and loss (P&L) statements. It simplifies P&L management by automatically categorizing income and expenses from invoices and bills, generating customizable reports for profitability insights. While not a full-fledged enterprise accounting solution, it excels in user-friendly interfaces for quick P&L overviews and project-based profitability tracking.

Zoho Books is a cloud-based accounting platform designed for small to medium-sized businesses, offering robust tools for invoicing, expense tracking, inventory management, and financial reporting including detailed Profit and Loss (P&L) statements. It enables users to generate customizable P&L reports with historical comparisons, budget vs. actual analysis, and multi-currency support for global operations. The software automates many accounting tasks, making it easier to maintain accurate P&L insights in real-time.

Wave is a free cloud-based accounting software designed for small businesses and freelancers, offering robust tools for tracking income, expenses, and generating profit and loss (P&L) statements. Users can categorize transactions, scan receipts, reconcile bank accounts, and access customizable reports including detailed P&L overviews. It integrates invoicing and basic payroll, making it a straightforward solution for basic financial management without subscription costs for core features.

Sage Intacct is a cloud-based financial management and ERP solution tailored for mid-sized businesses, offering robust accounting functionalities including general ledger, AP/AR, and cash management. It specializes in advanced financial reporting, enabling detailed profit and loss (P&L) statements with multi-dimensional analysis across entities, projects, departments, or locations. The platform supports real-time dashboards and customizable reports, making it ideal for complex financial tracking and compliance needs.

NetSuite is a comprehensive cloud-based ERP platform from Oracle that excels in financial management, including detailed profit and loss (P&L) tracking, general ledger, budgeting, and forecasting. It provides real-time visibility into financial performance with multi-entity consolidation, multi-currency support, and advanced reporting capabilities. Designed for growing businesses, it integrates P&L data seamlessly with CRM, inventory, and order management for holistic business insights.

Fathom is a cloud-based financial intelligence platform that automates P&L reporting, forecasting, and analysis by integrating with accounting tools like Xero, QuickBooks, and Excel. It provides customizable dashboards, variance analysis, budgeting tools, and scenario planning to help users track profitability and key metrics in real-time. Designed for SMBs and advisors, it simplifies complex financials into actionable insights without needing advanced technical skills.

LivePlan is a business planning software that specializes in financial forecasting, enabling users to create detailed profit and loss (P&L) statements, cash flow projections, and balance sheets through an intuitive interface. It supports revenue driver-based modeling, where forecasts are built around key business metrics like customer growth and pricing, making it easier to simulate P&L scenarios. The platform also offers performance dashboards to compare actuals against plans and integrates with accounting software like QuickBooks and Xero for automated data syncing.

Float is a resource scheduling and capacity planning tool designed for teams to visualize workloads, manage availability, and forecast project profitability. It excels in drag-and-drop scheduling, time tracking integration, and generating insights into billable utilization and revenue projections. As a P&L solution, it indirectly supports profit and loss management by tracking project budgets, actual vs. planned hours, and profitability margins tied to resource allocation.