Lili
Accounting software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$15.00 per month
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What is Lili
Lili is a financial platform for freelancers and small businesses that combines business checking with tools for bookkeeping, expense tracking, and tax preparation workflows. It targets self-employed users who want to separate business and personal finances and manage day-to-day transactions from a mobile-first interface. The product emphasizes automated categorization and reporting tied directly to the account activity rather than a full general-ledger accounting suite.
Banking and bookkeeping combined
Lili links bookkeeping features directly to business checking activity, which reduces manual entry for income and expenses. Users can categorize transactions and track spending without exporting data to a separate system for basic workflows. This approach fits freelancers and micro-businesses that primarily need cashflow visibility and simple records rather than multi-entity accounting.
Expense and receipt workflows
The platform supports expense tracking workflows that are designed around day-to-day purchases and reimbursements. It is oriented toward capturing and organizing transaction details for later tax and reporting needs. For users who do not require advanced AP automation, this can be simpler to operate than document-heavy accounting processes.
Tax-oriented organization features
Lili provides tools aimed at preparing for quarterly and annual taxes, such as organizing transactions and surfacing tax-relevant summaries. This is useful for self-employed users who need ongoing visibility into taxable income and deductible expenses. The tax focus differentiates it from broader ERP-style accounting products that prioritize multi-module finance operations.
Not a full GL accounting system
Lili is not positioned as a comprehensive general-ledger accounting platform for complex financial operations. Organizations needing accrual accounting depth, advanced revenue recognition, multi-entity consolidation, or configurable financial statements typically require a dedicated accounting suite. This can limit suitability as a system of record as a company grows.
Limited enterprise finance controls
The product is designed for small teams and self-employed users rather than finance departments. Capabilities such as granular role-based controls, audit trails aligned to formal close processes, and sophisticated approval workflows may be limited compared with larger accounting and finance platforms. Companies with stricter governance requirements may outgrow it.
Ecosystem and integrations vary
Integration depth with external accounting, AP/AR automation, and industry-specific systems may not match products built primarily as extensible accounting platforms. If a business relies on a broad app ecosystem, it may need additional connectors or manual processes. Fit depends on the specific tools already in use (e.g., payroll, invoicing, expense management).
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Lili Core | $0/mo (Free) | Business checking with Visa® debit card, ACH/check/wires, Savings (up to 4.00% APY), FDIC insurance up to $3M, integrations, 7-day customer support. |
| Lili Pro | $15/mo ($144/yr) | Expense & tax management (categorization, receipts, reports), automatic tax allocations, cashback awards, BalanceUp overdraft access; 30‑day free trial. Promotional offer shown: $9/mo for 3 months. |
| Lili Smart | $35/mo ($336/yr) | All Pro features plus built-in accounting software (bookkeeping automation, receipt capture, P&L and cash flow reports), unlimited invoicing & payments, bill management, sync external accounts; 30‑day free trial. Promotional offer shown: $21/mo for 3 months. |
| Lili Premium | $55/mo ($528/yr) | All Smart features plus priority/dedicated support specialist, premium services (metal debit card, multi-user access); 30‑day free trial. Promotional offer shown: $33/mo for 3 months. |
Additional add-on: BusinessBuild (credit-building) — Free 1 month trial, then $18/mo for 3 months, then $30/mo thereafter (add-on availability and eligibility noted on site).
Seller details
Lili Financial Services, Inc.
New York, NY, USA
2018
Private
https://lili.co
https://x.com/lili
https://www.linkedin.com/company/lili-co/
