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

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.

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2. 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. 

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3. 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. 

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

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5. 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.‍
6. 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.

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