Billy VS Lili

Billy Pricing

Lili Pricing

Billy

• AI-Powered Automation: Automatically categorizes transactions and learns financial patterns.
• Seamless Integration: Connects directly with QuickBooks Online, Xero, and bank accounts via Plaid.
• Reconciliation Support: Streamlines the process of reconciling bank and accounting records.
• Real-Time Financial Overview: Provides up-to-date dashboards and financial reports.
• Multi-Currency Support: Handles transactions in various currencies for global businesses.
• Secure Connections: Utilizes bank-level security and encryption for data protection.
• Collaboration Tools: Allows inviting team members or accountants to access financial data.

Lili

• AI-Powered Accounting: Predictive transaction categorization and automated bookkeeping.
• Integrated Business Banking: Provides business checking account with Lili Visa® Debit Card and fee-free overdraft.
• Automated Tax Preparation: Pre-filled business tax forms, automatic tax savings allocation, and deduction tracking.
• Invoicing & Bill Pay: Create, send, track invoices, accept instant payments, and auto-scan bills for payment.
• High-Yield Savings: Business savings accounts with 3.00% APY.
• Team Access: Multi-user account management with role-based permissions.
• Multi-Business Management: Manage multiple business accounts under a single login.
• Enhanced Security: FDIC insurance, real-time transaction alerts, card freeze, and fraud monitoring.
• External Account Sync: Connects with other bank accounts and credit cards for unified management.
• Mobile & Desktop Access: Platform available on both mobile and desktop devices.

Billy Use Cases

• Automating routine bookkeeping tasks for small businesses.
• Simplifying accounting processes for freelancers and solopreneurs.
• Providing accountants and bookkeepers with an efficient tool for client management.
• Gaining real-time insights into business financial performance.
• Streamlining bank account reconciliation.
• Managing finances for businesses with multi-currency transactions.

Lili Use Cases

• Automating bookkeeping and expense organization for small businesses.
• Streamlining invoicing and payment collection for freelancers and consultants.
• Managing business finances and banking from a unified desktop or mobile platform.
• Simplifying tax preparation with AI-powered categorization and pre-filled tax forms.
• Collaborating on financial management with business partners or co-owners.
• Tracking and optimizing business savings and cash flow.
• Handling international wire transfers for global business operations.
• Maintaining accurate and up-to-date business financial records.

Billy FAQs

• How does Billy work?

  Billy securely connects to your accounting software (QuickBooks Online or Xero) and bank accounts. Its AI analyzes your transactions, suggests categorizations based on historical data and patterns, and helps streamline the reconciliation process.
• Is my financial data secure with Billy?

  Yes, Billy uses bank-level encryption and secure connections via Plaid for bank feeds. They also mention compliance standards like SOC 2 to ensure data security and privacy.
• What accounting software does Billy support?

  Billy currently integrates with QuickBooks Online and Xero.
• Who is Billy best suited for?

  Billy is designed for small businesses, startups, freelancers, and accountants or bookkeepers looking to automate financial tasks.

Lili FAQs

• Does Lili offer automated bookkeeping features?

  Yes, Lili provides automated bookkeeping with AI-powered categorization to keep business finances organized and up to date.
• Can users generate and send invoices using Lili?

  Yes, Lili enables users to create, send, and track invoices, as well as accept payments and send payment reminders.
• Is there multi-user access for team-based financial management?

  Yes, Lili allows users to grant account access to multiple teammates and set role-based permissions for collaborative management.
• What banking features are included with a Lili account?

  Lili provides a business checking account, Lili Visa® Debit Card, fee-free overdraft, international wires, and high-yield business savings.
• Does Lili support tax preparation and reporting?

  Yes, Lili offers automated tax allocation, pre-filled tax forms, and enhanced expense reporting to help streamline tax preparation.

Uptime Monitor

Uptime Monitor