Xero, H&R Block Form Strategic Alliance to Bring Next-Generation, Online Financial Accounting Platform to Small Businesses

Xero, H&R Block Form Strategic Alliance to Bring Next-Generation, Online 
Financial Accounting Platform to Small Businesses Across the
H&R Block to Exclusively Promote Xero as Preferred Small Business
Online Accounting Solution 
SAN FRANCISCO, CA -- (Marketwired) -- 04/29/14 --  Xero the global
leader in online accounting software, and H&R Block, Inc. (NYSE:
HRB), the world's largest consumer tax services provider, formed a
strategic alliance to offer Xero as the core small business online
accounting platform in H&R Block's Small Business Program suite of
H&R Block selected Xero as its preferred online small business
accounting partner after an intensive vetting process. H&R Block has
11,000 branded locations nationwide, and will solely promote Xero as
the recommended small business online accounting solution in the
locations that sell H&R Block's Small Business Program suite of
This partnership is part of H&R Block's services to small businesses
to give them a technological edge with the most modern, cloud-based
financial management tools. For Xero, partnering with the well-known
tax company gives it the opportunity to increase its brand awareness
in the U.S. and expand its marketing and sales channel to more small
businesses throughout the country. 
Xero leads the way in the new wave of cloud-born technology
innovators that are re-inventing how small businesses manage their
everyday business tasks. Xero offers a modern, design-led customer
experience that makes accounting intuitive and even fun for business
owners who don't have an accounting background. Ultimately, it gives
small businesses a technological edge so they can more effectively
compete and grow their businesses. 
"Together with H&R Block's well-known brand and established channel,
we're able to help improve the financial lives of more small
businesses by bringing them the latest cutting-edge financial tools,"
said Peter Karpas, CEO, Xero North America. "At the same time, we're
joining forces to free business owners from the limitations of
1990s-era accounting software that no longer works the way businesses
work today in a 24/7, online and mobile world." 
Xero Small Business Accounting Platform
 Xero's small business online
accounting platform is easy to use and greatly simplifies once
tedious and complicated accounting tasks such as bank reconciliation
and invoicing. It gives business owners a real-time, up-to-date view
of their cash flow and bank balances so they can make smart business
decisions on the spot. Xero is an online platform so users are not
chained to their desks or computers as with desktop accounting
software. They simply use whichever device they prefer -- their
laptop, tablet or smartphone -- to see their real-time cash flow,
create and send invoices, as well as share and collaborate on
financial reports. To meet the specific needs of different businesses
and industries, Xero seamlessly integrates with 300 best-in-class
business tools such as Square for taking mobile payments, Harvest for
time tracking and Bill.com for streamlining payables, billing and
About H&R Block
 H&R Block, Inc. (NYSE: HRB) is the world's largest
consumer tax services provider. More than 625 million tax returns
have been prepared worldwide by and through H&R Block since 1955. In
fiscal 2013, H&R Block had annual revenues of $2.9 billion with 24.8
million tax returns prepared worldwide. Tax return preparation
services are provided in over 11,000 company-owned and franchise
retail tax offices worldwide by professional tax preparers, and
through H&R Block digital products. H&R Block Bank provides
affordable banking products and services. For more information, visit
the H&R Block Newsroom.  
About Xero
 Xero is beautiful, easy to use online accounting software
for small businesses and their advisors. The company has more than
280,000 paying customers in more than 100 countries around the world.
Recently, Xero garnered a "Top Choice" review for Online-Based
Business Accounting Apps from PC World. The Xero US team is
headquartered in San Francisco. Xero is hosted with Rackspace in
Xero Contact:
Sharna Brockett
Director of PR
(415) 837-3291
H&R Block Contact:
Gene King
Director of Media Relations
(816) 854-4672
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