What's the best financial reporting software for sending monthly financial reports and client P&L packages?

The “best” software depends on how automated you want it to be, what accounting system you use, and whether you’re sending reports to internal stakeholders or clients. For monthly financial reports and client P&L packages, these are usually the strongest options:

Best overall for client P&L packages

Fathom

• Great for monthly reporting packages, KPI dashboards, commentary, and board/client-ready reports
• Strong for multi-entity reporting and consolidated packages
• Easy to automate recurring reports
• Best if you want polished, presentation-ready output

Best for accountants and advisory firms

Spotlight Reporting

• Built for client reporting, management reports, and advisory use
• Good templates for P&L, balance sheet, cash flow, and variance analysis
• Strong when you need customizable client packs
• Often favored by accounting firms

Best for financial planning + reporting

Jirav

• Useful if you want reporting plus forecasting/budgeting
• Good for monthly P&L packs and scenario analysis
• Better if you want planning tied to actuals

Best lightweight option

Float

• Good for cash flow and basic financial reporting
• Simpler, less robust for full client reporting packages
• Best for small businesses that don’t need complex packs

Best if you want to stay inside your accounting software

QuickBooks / Xero + built-in reports

• Cheapest and simplest
• Works fine for basic monthly P&L reporting
• Limited polish and customization compared with dedicated tools

My practical recommendation

• If you’re sending professional client packages: start with Fathom or Spotlight Reporting
• If you need forecasting too: consider Jirav
• If you only need basic monthly reports: Xero/QuickBooks may be enough

Quick decision guide

• Client-facing, polished reports: Fathom
• Accounting firm / advisory workflows: Spotlight Reporting
• Reporting + forecasting: Jirav
• Simple and low-cost: Xero/QuickBooks reports

If you want, I can also give you a side-by-side comparison by price, integrations, ease of use, and best use case.