Name: Lili - Small Business Finances
Rating: 4.64817 (6449 reviews)
Author: Lili Financial Services LTD

92.0LEGITIMACY SCORE
92.5SAFETY SCORE
4+CONTENT RATING
FreePRICE

What is Lili - Small Business Finances? Description of Lili - Small Business Finances 2884 chars

Lili is a business finance platform that enables small businesses to manage all aspects of their finances in one place. With business banking, smart bookkeeping, unlimited invoices & payments, and tax preparation tools–you’ll always know where your business stands.

BUSINESS BANKING

- Business Checking Account
- Visa® Business debit card*
- Mobile Check Deposit
- Fee-free ATM withdrawals at 38K locations
- Cash Deposit at 90k participating retailers
- Get paid up to 2 days early
- No minimum balance or deposit required
- No hidden fees
- Automatic Savings
- Cash Back Rewards**
- Fee-free Overdraft up to $200**
- Savings Account with 4.15% APY****

ACCOUNTING SOFTWARE**

- Expense management tools and reports
- Income & expense insights***
- Attach receipts to expenses with a quick photo from your phone
- On-demand reporting including profit & loss and cash flow statements***

TAX PREPARATION**

- Automatic labeling of transactions into tax categories
- Write-off tracker
- Automated tax savings
- Pre-filled business tax forms (including Forms 1065, 1120, and Schedule C)***

INVOICING SOFTWARE***

- Create and send customized invoices
- Accept all payment methods
- Track unpaid invoices and send payment reminders

SUPPORT FOR YOUR BUSINESS

- Lili Academy: Videos and guides that cover all aspects of running a small business
- Free tools, downloadable resources, long-form guides and blog articles
- Discounts on relevant tools from our partners
- Curated newsletters and business-related content

ACCOUNT SECURITY YOU CAN RELY ON

All Lili accounts are insured up to $250,000 through our partner bank Choice Financial Group, Member FDIC. Lili business accounts and debit cards are protected by industry-leading encryption software and security protocols, including fraud monitoring and multi-factor authentication. Lili customers receive transaction alerts in real-time, can access their account from mobile or desktop anytime and instantly freeze their card if needed.

LEGAL DISCLOSURES

Lili is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

*Issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa.

**Available to Lili Pro, Lili Smart, and Lili Premium account holders only, applicable monthly account fee applies.

***Available to Lili Smart and Lili Premium account holders only, applicable monthly account fee applies.

****The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of September 1, 2023. Must have at least $0.01 in savings to earn interest. The APY applies to balances of up to and including $100,000. Any portions of a balance over $100,000 will not earn interest or have a yield. Available to Lili Pro, Lili Smart, and Lili Premium account holders only.

Lili - Small Business Finances App User Reviews
Lili - Small Business Finances Pros
Lili - Small Business Finances Cons
Is Lili - Small Business Finances legit?
Should I download Lili - Small Business Finances?
Lili - Small Business Finances Screenshots
Product details of Lili - Small Business Finances

Lili - Small Business Finances App User Reviews

What do you think about Lili - Small Business Finances app? Ask the appsupports.co community a question about Lili - Small Business Finances!

Please wait! Facebook Lili - Small Business Finances app comments loading...

Lili - Small Business Finances Pros

✓ On point 👌👍Everything so far has been as advertised. Annoying tasks made easy and everything under control in one place. Only complaint I have would be the balance up requirements. I get a lot of smaller deposits/transfers into my account which in total should easily qualify but I guess they require consistent $500 + deposits. It’s whatever just an extra effort to make that happen if I want to have that feature in case I ever need it… instead of letting my funds come in automatically however they come in. But I am overall satisfied with Lili. Everything is pretty much on point..Bwat1966Version: 23.12.2

✓ Perfect for FreelancersI work a full time career and am trying to get my jewelry company off the ground. I have several side gigs that I also work to supplement my income while trying to build a business. Lili allows me to designate purchases to work or personal. It also allows me to assign the proper tax categories to purchases made for business purposes and upload a photo of the receipt. So no more having to worry about losing receipts, mixing up receipts, etc. You can set the account to automatically withhold taxes and to automatically deposit funds into a savings account. I’m very thankful I stumbled upon Lili. It has been a dream come true for someone that needs all the help they can get with organization of finances..Bertha0602Version: 23.2.2

✓ Lili - Small Business Finances Positive Reviews

Lili - Small Business Finances Cons

✗ Too Many IssuesDon’t get me wrong here, I think what Lili offers is a game changer for freelancers. I am a Lili pro user and I was able to cancel all of my expensive accounting services. It makes managing your business and personal finances east and automatic. My big issues is customer service. I have not been able to use my physical debit card at in person stores for 2 weeks now. I’ve called customer services for them to “reactivate” my card 3 times, only to be told it needs to be escalated. That was over a week ago- I still can’t access my money. Now my card is getting declined online as well, and yes I definitely have the necessary funds in the account, but I’ve reached out to the Lili support email 3-4 times, also to no avail. In fact, I receive an automated response saying they will respond within 3hrs… I have not had any communication in 2 weeks. I’d love to keep using Lili because I love the systems they have in place, but as a PAYING PRO MEMBER, I’m having major issues with no communication on how they can be resolved..ZakkincaidVersion: 22.2.1

✗ SCAMMERS!!!!!!Don’t do it stay away!!! I never give reviews and didn’t want to even give one star!! I open an account and deposited money right away. I received my card about a week later. I go to the app to activate and it tells me my account is under review so I wait.. well it has been a couple weeks since I opened account and still same issue so I call give my information and was told my account is closed so I question it and get hung up on so I call back give my information again and get told that need more information but will be done through emails he has no answers or why so I start getting upset because they have my money and no answers and get hung up on again.. I still have not heard anything and still can’t use app or activate card.. it’s a scam don’t do it and the worse customer service ever and they still have my money...STAY AWAY!! THE GOOD REVIEWS ARE FAKE!!!!.CBORR69Version: 21.5.1

✗ Lili - Small Business Finances Negative Reviews

Is Lili - Small Business Finances legit?

✅ Yes. Lili - Small Business Finances is 100% legit to us. This conclusion was arrived at by running over 6,449 Lili - Small Business Finances user reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, AppSupports Legitimacy Score for Lili - Small Business Finances is 92.0/100.

Is Lili - Small Business Finances safe?

✅ Yes. Lili - Small Business Finances is quiet safe to use. This is based on our NLP analysis of over 6,449 user reviews sourced from the IOS appstore and the appstore cumulative rating of 4.6/5. AppSupports Safety Score for Lili - Small Business Finances is 92.5/100.