6 reasons why your accounting firm is ready to add carbon accounting to your tech stack

August 2023

What do the experts think...

Carbon is the future of accounting. Add carbon accounting as a service to your firm's skillset to stay relevant in a world where climate is part of every business's risks, opportunities & disclosures.

Let’s skip the preamble and launch straight into why you need a tech partner in carbon accounting to future-proof your firm: 

  1. The core principles for carbon accounting - relevance, completeness, consistency, transparency and accuracy - are the bread and butter of your existing business model.

  1. The core skills to account for carbon are setting business goals, defining analysis boundaries, calculating results, analysing uncertainties, and reporting… a replica of your existing client service delivery model. 

  1. Carbon accounting is an additional revenue stream for your firm. It is a service you can promote externally to acquire new clients as well as upsell to your existing clients. 

  1. Carbon accounting is an ancillary service that can easily integrate with your current billing cycle through an annual membership and service fee. 

  1. Carbon reporting will become a mandatory disclosure for your larger clients, and an important viability consideration for your smaller clients. Your firm’s proactivity in supporting their transition to a low carbon economy will be a competitive advantage.
  2. Climate is a business risk to be measured, managed and reported. Your accountants are the trusted expert and advisor on financial reporting powered by Xero, making them the best placed adviser for non-financial reporting powered by Trace’s Xero integration.

Take action today and learn more about our training programme for accountants.

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