Holdings vs Lili
Lili is a great bank. Holdings is the platform that replaces your bank, your accounting software, and your spreadsheets — for free.
Feature comparison
See how Holdings stacks up against Lili
| What you get | Holdings | Lili |
|---|---|---|
| 35+ Free Business Tools | ✅ Included free | ❌ Not included |
| Built-in Accounting | ✅ Included free | ❌ Smart plan only ($39/mo) |
| Invoice Generator | ✅ Included free | ✅ Included |
| Expense Tracking | ✅ Included free | ✅ Pro plan ($9/mo) |
| P&L / Balance Sheet | ✅ Real-time | ❌ Smart plan only ($39/mo) |
| Tax Calculators | ✅ Included free | ❌ Not included |
| Monthly Fees | Free | Free / $9 Pro / $39 Smart |
| APY on Deposits`, holdings: `${SITE_CONSTANTS.APY}%`, competitor: `Up to 1.5% (Smart plan) | ||
| FDIC Insurance | Up to $3M | $250K |
| Tax Withholding Buckets | Via sub-accounts | ✅ Built-in |
| Sub-accounts | ✅ Unlimited free | ❌ Not available |
| Virtual Cards | ✅ Free | ❌ Not available |
| Domestic Wires | Free | $4.99/wire |
| Team Permissions | ✅ Included | ❌ Not available |
| Bookkeeping Add-on | $100/mo | Not offered |
Why choose Holdings over Lili
Stop juggling 5 apps — tools, accounting, and banking in one workspace
Lili is a bank with basic add-ons. You still need QuickBooks for real accounting, a separate expense tracker, and spreadsheets for reporting. Holdings replaces all of them with one free platform.
Your invoices auto-update your books
Send an invoice in Holdings and it automatically flows into your P&L, updates your balance sheet, and categorizes the income. No manual entry, no reconciliation.
Tax time takes 10 minutes, not 10 hours
Holdings auto-categorizes every transaction, generates real-time P&L and balance sheets, and includes tax calculators. Your books are always tax-ready.
Replace $100+/mo in software with a free platform
Lili Smart ($39/mo) still doesn't include full accounting. Add QuickBooks ($30-80/mo) and you're at $69-119/mo. Holdings includes everything for $0.
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When Lili might be the better choice
Lili may be better for solo freelancers who want a dead-simple tax-withholding bucket and don't need P&L reports, balance sheets, or sub-accounts. Lili's Pro plan at $9/mo is affordable if the tax bucket feature alone is what you need.
Frequently asked questions
I already have a bank — why do I need Holdings?
Holdings isn't just a bank. It's a financial workspace — 35+ free tools, built-in accounting, invoicing, expense tracking, and tax calculators. Banking is included, but the tools are what replace your QuickBooks, your spreadsheets, and your bookkeeper.
Can I use Holdings tools without switching banks?
Yes. The tools and accounting features are free for everyone. Banking is optional — you can connect your existing bank and still use Holdings as your financial workspace.
Which is better for freelancers?
Both target freelancers. Holdings is better if you want full accounting (P&L, balance sheets) included free. Lili is better if you want a simple tax-withholding bucket and nothing more.
Does Lili have real accounting?
Lili Smart ($39/mo) offers basic reporting. Holdings includes full accounting — auto-categorization, P&L, balance sheets, and cash flow — free with every account.
What tools are included free with Holdings?
Holdings includes 35+ tools: invoice generator, expense tracking, P&L and balance sheets, tax calculators, receipt capture, cash flow forecasting, and more. All free, all connected to your accounts automatically.
Ready to run your business from one place?
35+ free tools. Free accounting. Connected banking. Try it in 5 minutes.
1.75% APY† • Zero fees^ • FDIC insured to $3M*