What is Lili?

Lili delivers a comprehensive financial platform tailored for small businesses, startups, and self-employed professionals by seamlessly combining business banking, AI-powered accounting, automated bookkeeping, and tax preparation tools. Users benefit from a business checking account with no hidden fees, real-time transaction alerts, international wire capabilities, and fee-free overdraft protection.

Lili’s AI-driven software automates transaction categorization, streamlines expense management, generates on-demand financial reports, and simplifies invoicing and bill payments. Automated tax allocation and pre-filled tax forms help users remain compliant and prepared at tax time. With accessible plans, Lili empowers users to control, organize, and scale their business finances efficiently from a single platform available on desktop and mobile.

Features

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.

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.

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.