Lili
Lili offers comprehensive online business banking solutions, including a no-fee checking account with a Lili Visa® Debit Card, high-yield savings, powerful accounting tools, and tax preparation software designed for small business owners.
Business Checking Account
Lili offers a business checking account that includes a Lili Visa® Debit Card. The account features no hidden fees and no overdraft fees, coupled with online business banking accessible on both desktop and mobile devices. Additionally, multiple business accounts can be managed under a single login, and businesses with multiple owners benefit from multi-user access, ensuring seamless financial management.
Accounting and Bookkeeping Tools
Lili provides robust accounting software and smart bookkeeping capabilities, which help simplify bookkeeping and clarify financial positions. The software features instant transaction categorization and generates comprehensive financial reports, including profit and loss statements, cash flow statements, and balance sheets. The system also offers a bill pay solution for faster vendor payments and better cash flow control, and comes with invoicing software to ensure timely payments.
Tax Preparation Solutions
Lili offers extensive tax preparation tools designed to minimize tax liability and simplify tax season activities. This includes automatic tax savings and the contribution to a tax bucket with each payment received, pre-filled IRS tax forms based on transaction categorization, and various tax calculators including a self-employed tax calculator. Additionally, Lili provides a tax hub complete with guides, tools, and FAQs to assist users with their tax-related queries.
Lili Account Plans
Lili offers different account plans to cater to various business needs, including Lili Premium, Lili Smart, Lili Pro, and Lili Basic. Each plan provides unique features tailored to different aspects of business and financial management, such as fee-free Lili Visa® Debit Cards with cash back rewards and early payment options through direct deposit. The plans are structured to meet the diverse requirements of small business owners.
Lili AI and Support Resources
Lili features Lili AI, the first AI accountant designed specifically for small business owners. This AI tool further enhances financial management through intelligent assistance. Additionally, Lili provides an array of support resources including Lili Academy's informative video guides, a comprehensive blog covering various business topics, and a help center with product guides and answers to frequently asked questions. These resources ensure that users can navigate their financial management with ease and confidence.