What Is Lendio?

Cloud-based cashflow software to streamline finance & accounting, tax assistance & preparation, documentation, expense tracking & more.

Who Uses Lendio?

Designed for freelancers, entrepreneurs and small businesses to manage expenses & cashflow, financial reports, billing and invoicing, quotations and more.

Lendio video
Lendio Software - Dashboard Lendio Software - Invoice

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Reviews of Lendio

Average score

Overall
4.5
Ease of Use
4.6
Customer Service
4.5
Features
4.2
Value for Money
4.6

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Fredy
Fredy
3D Visualization Artist in US
Verified LinkedIn User
Architecture & Planning, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Great accounting software

5.0 3 years ago

Comments: I've been using Sunrise for sometime now, haven't had major issues with it and when I had it turned out to be a user issue :p rather than software issue and support help me clear it. Overall really happy with it.

Pros:

Is easy to use, I'm not an accountant nor have many experience in that field so being easy to use was a big advantage for us. It has the core functionalities we need and many others that I certainly don't know how to use so It should have the required features for advanced users. The invoicing system is great, easy and customizable. Has a quoting and estimating system that's easy to convert to an invoice, also has an easy way to send reminders about our invoices and has some automation once you get paid. It has a bookkeeping system and loans offering but we haven't used those so no comment there.

Cons:

Would be great if we could use our own domain to send the invoices, reminders etc instead of the @sunriseapp.com I haven't found a way to automate the invoicing process, using a csv file or something like Zapier or similar to avoid the need to create each item of the invoice . That certainly would save us a lot of time. Not sure if these will be offered later or if there's already a way to do it at this time, just haven't found them.

Lendio Response

3 years ago

Thank you, Fredy! We appreciate the kind and thorough review. Like you mentioned not everyone is an accountant. At Sunrise we strive to take the power of bookkeeping and put it into an intuitive and easy to use platform. We've taken note of your feature suggestion and we will make sure it gets in the hands of our product development team. Stay tuned for our Zapier integration going live this June. We'll make sure you are notified once is launches. Again, we appreciate you taking the time to leave a review.

Ben
Ben
CEO & Founder in US
Verified LinkedIn User
Marketing & Advertising, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

It’s an excellent app for startups & entrepreneurs!

5.0 3 years ago

Comments: Overall it’s been good. The support seems lacking as I’ve had to complain about stuff to get anywhere and usually don’t. So if I could have them improve anything it’s customer service, Zapier integrations and embedded payment forms for our websites.

Pros:

I love setting my invoicing on autopilot - every month it bills my customers and manages the transactions. I can see who isn’t paying their bills, it’s great.

Cons:

They still don’t have a Zapier integration yet, they recently reached out to me to be apart of their beta which is great as I want to integrate it with my all-in-one digital marketing platform Automate CRM. Doing so will streamline my signups / billing for done-for-you clients. I also think they need embeddable payment forms. Currently have to use stripe, but that bypasses their system so that won’t work for the long term. They need to get up to speed like waveapps, I’ve been checking their software out because of the limitations I’m running into.

Lendio Response

3 years ago

Hi Ben, thank you for your great feedback! As you mentioned, we are excited to start testing the integration of Zapier in Sunrise. We take user feedback very seriously and we are always looking for way to improve our product. We've relayed you support concerns to our Customer Experience (CX) team and we will do everything in our power to do better by you. Additionally, we've taken your embeddable payment forms suggestion to our Product Manager lead. If there is any update whatsoever, you will be the first to know. Thank you again for your review.

Russ
Russ
Owner in US
Verified LinkedIn User
Graphic Design Software, 2-10 Employees
Used the Software for: 2+ years
Reviewer Source
Source: GetApp

Was good, then a huge bait and switch

2.0 2 months ago

Comments: DO NOT TRUST THIS COMPANY. The original app, Billy was great. I purchased a lifetime deal from Appsumo and everything ran pretty smoothly. When Lendio bought them out, they decided to not honor the lifetime deals and went for a despicable cash grab, forcing users to pay a monthly fee for the most basic functions. They don't care about users, and refuse to issue refunds. I ran a SAAS company and can tell you that it would cost them virtually NOTHING to continue to offer the features that Billy had, Lendio does not care about you as a customer - you are expendable and replaceable to them. DO NOT BUY THIS SOFTWARE.

Pros:

The invoicing used to be great, with a stripe payment option and customizable templates. Then Lendio bought it and it went to crap.

Cons:

Lendio is a horrible company, with horrible service. Not to be trusted with your financial needs.

Verified Reviewer
Owner in US
Verified LinkedIn User
Information Services, Self Employed
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Great Feature Set for Small Business Owners Ready to Move Beyond Spreadsheets

5.0 3 years ago

Comments: It helped me get organized and serious about my business accounting, which helped my business grow. And it's a great free alternative to Quickbooks Online.

Pros:

This is the tool I recommend for any business owner/startup for double-entry accounting. It's the tool I used to get serious about my business accounting (moving out of spreadsheets). Getting organized with a chart of accounts, an real Profit/Loss statement, invoice processing/tracking/payments, and more helped me focus and grow. I purchased it when it was known as Billy, but now it's free and improving.

Cons:

There is a bit of a learning curve, but it's not too bad. Lendio is improving Sunrise since acquiring Billy, but there are still some areas that can be improved. There is no account dashboard, meaning you have to go into each account individually to see if there are transactions to be reconciled or to check balances (this should be visible on a single page). Also, there is no way to save report settings, so if I want to see my P/L report by months for the current year, I have to make multiple selections each and every time I run it.

Lendio Response

3 years ago

Our customer feedback is essential to how we improve the product. Thank you for providing us with your detailed review. As you mentioned, we plan to keep improving and making the tool better for our users. We have some exciting new product launches coming in June. Thank you again for your valuable input.

Peter
Owner/CEO in US
Automotive, 2-10 Employees
Used the Software for: 6-12 months
Reviewer Source

Alternatives Considered:

Excellent Customer Services and friendly use

5.0 2 years ago

Comments: I am very happy with the Services

Pros:

I do appreciate my accountant follow up and keeping my books very updated, she is available all time to respond to any question and updates

Cons:

friendly use, but more changes are need to adjust different accounts in running the Invoices

Lendio Response

2 years ago

Hi Peter, thank you for your wonderful feedback. We strive to assist business owners in the best way possible. This means making our tool intuitive and easy to use. Our goal is to simplify bookkeeping, so anyone can understand the health of their business. We are thrilled to hear that your bookkeeper has earned your trust to efficiently and effectively manage your books. Thank you for being a member of Sunrise, we appreciate your review.