Corporate Update Gavin Dixon CEO, Reckon Business Division

2009 Review QuickBooks 2009 consolidates QB i release –29% growth in Enterprise revenue, 7% growth in QuickBooks overall –39% market share by Dec 2009 –Good quality of 2009 release POS grew market share (38%) –106% up YoY (MYOB 67% YoY) –Lots of new features in POS 2010 – excellent opportunity for APs QuickBooks Online launched successfully –Over 1000 users signed up in 4 months, 2000 users by end of March 2010 Encouraging growth in AP and PP memberships Reckon Docs, Elite improved market share, new offerings Thank you for your support in 2009

2009 Review Some process improvements –Call Centre hours extended to 7pm –Increased head count in PSG Tech Support –Voice Of Customer (VOC) survey feedback implemented –QB 10/11 two beta phases to improve quality assurance –Early release process implemented to AP council, APs, PPs and then end-users –Web site revamps Enterprise, Partners, Knowledge Browser

Performance Highlights – year ended December 2009 Reckon Group Operating revenue up 42% to $85.3m EBITDA* up 38% to $26.1m NPAT* up 27% to $14.4m Professional Division Operating revenue up 32% to $28.1m EBITDA up 26% to $11.6m Business Division Operating revenue up 29% to $49.9m EBITDA up 29% to $15.9m nQueueBillback Operating revenue $7.3m EBITDA $2.4m

Trends over last 5 years Cumm Growth 108%Cumm Growth159%

Key 2010 Strategies Leverage QuickBooks 2010 QB i Series release Broad user acceptance now achieved Increasing organic growth Attractive new capabilities and offerings Leverage scalability of QuickBooks Enterprise Edition Leverage QuickBooks Online service Expand Reckon Online offerings for a broader addressable market Continue to grow Reckon Docs market share Add new service offerings Take advantage of expanded direct sales team

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