Xero, a global small business platform, has announced an expanded partnership with Sumday, a carbon accounting software provider, making it easier for small businesses and accountants and bookkeepers to track and manage their carbon footprint.
Sumday is providing Xero customers with 12 months free access to Sumday’s powerful carbon accounting tools, empowering them to understand their environmental impact and take steps towards a more sustainable future. Eligibility and terms apply.
This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.
Collectively, small and medium enterprises in the U.S. contribute to nearly 50% of total US greenhouse gas emissions. Xero’s partnership with Sumday is empowering small business to combat this issue by measuring and reporting their own carbon footprint. Supporting small businesses to provide reliable emissions data has been a persistent challenge that is now streamlined for Xero customers.
Tam Somers, GM Sustainability and Impact at Xero said: “Small businesses are the backbone of our communities and we want to give them the tools they need to thrive in a changing world. Our partnership with Sumday provides access to carbon accounting capabilities, putting powerful tools in the hands of small businesses so they feel prepared and able to drive towards a more sustainable future.”
Jessica Richmond, CEO and Co-founder of Sumday said: “By making carbon accounting as routine and accessible as financial accounting, we’re empowering small businesses to account for their impact beyond dollars and cents. Having been a small business owner myself, I understand the challenges these businesses face in making time to get across a new area. Our tools are making it easy for small businesses to understand their impact at a high level, before going deeper and helping improve the quality of their carbon accounting. Sometimes small businesses just need help and we’ve always believed that accountants would play a key role in that. Through this partnership with Xero, we’re putting powerful carbon accounting tools in the hands of those who understand the business and want to deliver auditable accounting that generates meaningful insights as well.”
Here’s what this means for Xero customers
- Free access to Sumday for 12 months for Xero customers (eligibility and terms apply), which includes:
- Ability to link financial data from Xero directly into Sumday, streamlining the carbon accounting process
- Access to Sumday’s online academy to upskill on carbon accounting practices
- The ability for small business customers to create profiles to communicate sustainability related data without the hassle
- Supply chain engagement tools that allow small businesses to both share their emissions data with larger clients and request information from their own suppliers
- Support for compliance with expanding mandatory emissions reporting requirements
- Accountants and bookkeepers get extra resources and support to help them offer comprehensive carbon accounting services to their clients
With Sumday, small businesses and their advisors can see their entire emissions supply chain, work towards emission reduction, and show everyone the steps they’re taking, including customers, employees, banks and other stakeholders who increasingly look for this.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
Tags: Accounting, carbon offset, ESG, Small Business
