We’re delighted to see that Microsoft has followed Access Accounting’s methodology of extending the data input facilities within the finance system to capture carbon emissions data (see AccountingWEB for full story). This provides a practical and economic way in which to address the growing need to report on greenhouse gases.
Looking at the information available, there are a number of similarities between the approaches of Microsoft and Access. This validates the innovative work that we delivered a year ago and helps to establish a standard for other software vendors to follow.
To correct any misconceptions, within the Access Dimensions solution, carbon emissions data is at the very core of the accounting and finance system. The carbon emissions data is an integral part of the company General Ledger providing reporting, the management of carbon budgets, and a full audit trail. Having the carbon measurement function as part of finance function enables the company to measure both the environmental and economic benefits from a single data source.
According to a recent Access Accounting survey, 64% of respondents believe their company should be monitoring its carbon emissions. Additionally it is highly likely that carbon emissions reporting will become a mandatory requirement and software vendors need to respond to this growing demand.
Customer Services Director