06 Mar 2008
Calculating a business’s carbon footprint can be an expensive exercise involving large consultancy bills and long hours.
All that could change with the release of a new software module by Access Accounts that will enable businesses to calculate carbon emissions through a standard accounting package.
The module, launched last week at Softworld, is believed to be the first accounting software to provide this functionality. The technology will be available with the Access Dimensions suite at no extra cost.
The carbon calculations will be made by linking every business transaction with the amount of carbon that transaction uses up. All companies will have to do is enter an additional line of data to accompany the standard accounting entry.
So when, for example, a company pays an electricity bill it can calculate the carbon impact of that consumption by logging the amount of kilowatt hours used up in that bill alongside the charge. The same method applies to car journeys and flights, where miles travelled or the amount of fuel consumed is taken into account.
Access has worked closely with DEFRA and the Carbon Trust, and all the data the new module uses to calculate carbon output is based on the carbon tables of these two organisations.
Jon Beech, managing director of Access Accounting, said the technology would allow businesses to measure their carbon footprint and then take steps to reduce it in the same way that they would reduce costs: ‘When we looked at the means by which customers could measure carbon emissions, it was clear there was a lack of practical tools out there. The existing infrastructure of Access Dimensions offered a perfect solution, as it already held most of the data necessary to calculate the carbon footprint,’ Beech said.
Access hopes the emissions capability will make its software more attractive to new users and give it an edge over competitors.
With consumers increasingly aware of the environmental impact of large companies and businesses making a point of checking over the green credentials of suppliers, Access is in line for some tidy profits.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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