Xero Ltd is a New Zealand-based company, which provides online accounting services. The Company provides cloud and delivered to its customers via a SaaS (Software as a Service) model, which is accessible anywhere with Internet or wireless connection. Its cloud platform approach allows market business applications, such as Expensify, ADP, PayPal, Stripe and Bill.com. The Company also provides free reporting and practice management software to its partners that run an accounting practice or bookkeeping business. Its online accounting software is built around the idea of a single ledger. The Company provides products for firms and small businesses, which include banks, payment services, tax authorities and accountants. Its Cloud tools provide document management, which include storing and management of documents related to clients and projects; office and email, which involve document creation, calendar management, email and instant messaging, and content templates.