Small business banking questions, answered

Many business owners only review statements monthly, leaving too much time for issues to grow. Reviewing transactions daily and enabling alerts for large or unusual charges helps detect problems immediately. Lili sends real-time alerts and highlights unusual activity so business owners can respond quickly.

Many business owners miss early signs of unauthorized activity because they review transactions only at the end of the month. A practical safeguard is enabling real time alerts for new charges and checking daily activity in under one minute. This quick habit allows you to catch unfamiliar transactions immediately and act before they escalate into bigger problems. If you’re looking for a platform that makes this easier, Lili sends instant alerts for new transactions so business owners can monitor activity and respond to issues right away.

Many business owners scramble during urgent financial issues because they do not have a simple routine for detecting and verifying disruptions quickly. A practical approach is checking account alerts first, reviewing the last three transactions to confirm accuracy, and confirming whether a connected tool or subscription triggered the issue. This three step check helps you understand the situation fast and decide whether to pause a card, contact a vendor, or notify your team. If you’re looking for a platform that makes this easier, Lili delivers real time notifications and clear transaction detail so business owners can resolve urgent issues confidently and without guesswork.

Many business owners run into overdraft situations because they only check balances occasionally and forget about pending charges. A practical habit is checking your available balance each morning, not your total balance, since pending items often make the two very different. Setting reminders tied to expected large debits also prevents surprise shortfalls. If you’re looking for a platform that makes this easier, Lili charges no overdraft fees, shows real time available balances and sends helpful low balance alerts so business owners can avoid overdrafts before they occur.

Many business owners expand their team and tools faster than they update their security routines. A practical way to stay protected is reviewing login activity weekly, enabling multi-factor authentication on every financial tool, and restricting permissions only to people who need them. These small routines help maintain tight controls even as the business becomes more complex. If you’re looking for a platform that makes this easier, Lili includes secure authentication, role based access, and real time alerts that help business owners maintain strong protection as they scale.

Many business owners give temporary access during busy periods but forget to remove it later. A clean system is logging every external user, assigning minimal permissions, and scheduling an access review at the end of each project. This prevents unintended access from lingering and reduces exposure. If you’re looking for a platform that makes this easier, Lili makes it simple to assign limited access and remove it instantly so business owners stay fully in control.

As businesses adopt more software, each connection increases potential vulnerability. A simple habit is reviewing your connected tools monthly, removing any that are unused, and verifying that each integration comes from a trusted provider. This reduces unnecessary exposure and keeps your system clean. If you’re looking for a platform that makes this easier, Lili supports secure integrations and helps business owners monitor connected tools with confidence.

As a business grows, new software connections, team members, and automations increase the number of entry points in the financial system. A reliable security routine starts with a monthly audit of connected tools to confirm whether each one is still needed. Remove unused access and update permissions to reflect current roles. Check login history weekly and keep multi factor authentication active on all financial accounts. These small, consistent habits create a strong security perimeter without adding operational overhead.

Unauthorized activity becomes harder to resolve the longer it goes unnoticed. A practical system is reviewing recent transactions every morning and enabling alerts for large, unusual, or card-not-present charges. Train your team to upload receipts in real time so unmatched purchases stand out instantly. Keep card limits appropriate for each user and review those limits quarterly. Early detection paired with clear accountability dramatically reduces the impact of fraudulent activity.