With Lili Smart and Lili Premium, you get accounting reports and tax forms designed for businesses that need clear books, streamlined tax prep, and investor‑ready documentation. These tools help you and your accountant understand performance, manage cash, and file accurate returns for both single‑owner and multi‑owner businesses.

You can generate core accounting reports alongside prefilled tax forms that support common U.S. business structures, all from your Lili account.

Accounting and tax reports included

Under Reports & Statements in your Lili account, you’ll find the main reports and forms your business relies on throughout the year.

• Profit and Loss 
  Breaks down your business’s income and operating expenses over a selected period, based on the categories you assign in Lili, to give you a clear view of profitability month‑over‑month, quarter‑over‑quarter, or year‑over‑year.
• Statement of Cash Flow
  Shows how cash moves in and out of your business across your selected period, so you can track whether operations are generating or consuming cash and understand changes in your cash balance.
• Expense Reports
  Provide line‑item detail of your categorized transactions, including dates, descriptions, amounts, and categories, so your finance team can review spending and reconcile your books in other accounting tools.
• Tax forms for your business
  Lili supports key business tax forms, including Schedule C, Form 1065, Form 1120‑S, and Form 1120, using your categorized income and expenses to pre-fill the relevant lines on each return. You and your tax professional can review, adjust where needed, and file with the IRS based on your specific business structure.

What’s inside these reports and forms

All Lili reports and tax forms are built to be readable for business owners and immediately useful for accounting and tax professionals.

You can generally expect:

• A clearly defined date range or tax year for each report or form.
• Summary totals for income, expenses, and net profit or loss (and, for cash flow, net cash movement).
• Line‑item detail for relevant transactions, including posted date, description, amount, and assigned category.
• Category‑level breakdowns that map to common tax and accounting concepts such as advertising, software, contractor payments, payroll, interest, and professional services.

This structure makes it easier to import data into your accounting software, prepare internal financials, and finalize the right tax return for your entity type.

How to access and download your reports and tax forms

You can generate and download reports and forms on both web and mobile.

From the Lili Web App

1. Sign in and open the main menu.
2. Select Reports & Statements.
3. Under Accounting Reports, choose Profit and Loss, Statement of Cash Flow, or Expense Reports.
4. Use the filters to select your date range.
5. Generate your report and choose the format you prefer (for example, PDF, Excel, or print).
6. For tax forms (such as Schedule C, Form 1065, Form 1120‑S, or Form 1120, when available for your business), select the relevant form and tax year, complete any required confirmations, then generate and download the form.

From the Lili Mobile App

1. Open the app and tap the main menu.
2. Tap Reports.
3. Choose Expense Reports, P&L, Statement of Cash Flow, or the tax form you want to generate (availability varies by business type and plan).
4. Select the period or tax year, review any prompts to categorize remaining expenses, and then use your device’s share or download options to send the file to yourself, your accountant, or your document vault.

If any transactions in your selected period are uncategorized, Lili will prompt you to categorize them so your reports and tax forms are as complete and accurate as possible.

Working with your accountant and finance team

Your reports and tax forms are designed to fit into your existing accounting and tax workflows.

• Share PDF or Excel versions of your P&L, cash flow, and expense reports with your accountant or controller.
• Provide your prefilled Schedule C, Form 1065, Form 1120‑S, or Form 1120 as the starting point for your annual tax return.
• Use exported data to update your general ledger in tools like QuickBooks, Xero, or other accounting platforms your finance team prefers.
• When needed, pair these reports with your monthly statements for audits, lender requests, and investor updates.