Lili

Lili provides a robust suite of online business banking services tailored to small business owners. Their offerings include a business checking account with a Lili Visa® Debit Card that has no hidden fees or overdraft fees. Lili supports multi-user access for businesses with multiple owners and allows the opening of multiple business accounts under a single login. They offer fee-free overdraft protection through BalanceUp and a high-yield savings account with a 4.15% APY. Lili’s accounting software simplifies bookkeeping with features like instant transaction categorization, bill pay solutions, and invoicing software. They provide tax preparation tools that automatically contribute to a tax bucket with each payment received and generate pre-filled IRS tax forms. Financial reports such as profit and loss statements, cash flow statements, and balance sheets are available. Lili also offers invoice templates for various industries, payment fee calculators for PayPal and Stripe, and a self-employed tax calculator. They provide guides for forming an LLC and navigating the formation process. Lili AI, the first AI accountant for small business owners, enhances their service offerings. Different account plans, including Lili Premium, Lili Smart, Lili Pro, and Lili Basic, cater to various needs. Additional features include getting paid up to 2 days early with direct deposit, domestic wire transfers, automatic tax savings, and enhanced reporting. Lili Academy offers informative video guides, while their blog covers topics on business banking, accounting, invoicing, taxes, and business essentials. A help center and tax hub provide further support with guides, tools, and frequently asked questions.