Denver, CO — December 1, 2021 —Xero, the global small business platform, today announced that H&R Block selected Xero as its preferred cloud accounting solution provider for assisted bookkeeping. A Xero partner since 2014 with a large base of millions of small business customers, H&R Block will use the Xero platform as its preferred technology stack for bookkeeping services offered through Block Advisors.
Xero will be used by H&R Block’s central bookkeeping team and company offices nationwide providing assisted bookkeeping services. Many H&R Block franchisees also use the Xero platform to provide small business clients with access to financial insights and data that can help guide decision making and help them feel empowered to build and run their businesses.
“We’re extremely excited about the opportunities this partnership brings,” said Jamil Khan, Chief Strategy and Small Business Development Officer. “We’re confident that the cutting-edge features that Xero provides will be a huge benefit to how our bookkeeping teams collaborate with our customers as well as help us drive growth. And we’re excited to partner with Xero to deliver our mission of helping small businesses thrive.”
By collaborating with Xero, H&R Block is committed to building a bookkeeping model that brings its advisors and small business clients closer together with real-time collaboration tools. Xero’s cloud-based accounting technology enables Block Advisors to outsource bookkeeping for clients and expand beyond tax preparation to help deliver greater advisory services year-round focused on financial reporting and business health metrics that can help provide more robust support for small business clients. With Xero, clients can access financial statements and custom reports to help identify business trends, and Block Advisors can collaborate with clients to offer personalized services to help drive growth, boost cash flow or increase profitability.
“By working closely with H&R Block, we can help improve the lives of small business owners by providing them access to real-time data and financial insights so they can apply this information to their business,” said Ben Richmond, US Country Manager at Xero. “We are excited to extend this partnership and equip Block Advisors with tools to drive meaningful conversations with clients about how to grow their business, expand operations or find ways to achieve whatever success looks like to them.”
Learn more about Xero’s small business bookkeeping services and how to get started with Block Advisors here.
Xero is a cloud-based accounting software platform for small businesses with over 3 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. In 2021, Xero was included in the Dow Jones Sustainability Index (DJSI), powered by the S&P Global Corporate Sustainability Assessment. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.
About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial products, and small-business solutions. The company blends digital innovation with the human expertise and care of its associates and franchisees as it helps people get the best outcome at tax time and better manage and access their money year-round. Through Block Advisors and Wave, the company helps small-business owners thrive with innovative products like Wave Money, a small-business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. For more information, visit H&R Block News or follow @HRBlockNews on Twitter.
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