Xero’s New Partnership Gives a Free Tool for Small Businesses

Xero has expanded its partnership with Sumday, which gives free access to carbon accounting tools. The demand for transparency from larger corporations and government entities is increasing. The collaboration aims to help small businesses track and report their emissions data. Here’s everything you need to know about: 

Simplifying Carbon Reporting for Small Businesses 

The latest partnership will allow Xero customers to integrate their financial data directly into Sumday’s platform, streamlining the carbon accounting process. The collaboration also brings Sumday’s online academy for training, tools to engage with supply chains and support for compliance with emerging emissions reporting requirements.

Despite uncertainties surrounding the future of carbon reporting legislation in Australia, major businesses are proactively driving the push toward decarbonisation and sustainability reporting. Our goal is to empower small businesses to put themselves in the best position to retain existing customers, but also capitalize on new business opportunities.

Angad Soin, Managing Director AU and NZ and Global Chief Strategy Officer at Xero

Tools and Training for Accountants and Bookkeepers 

According to Xero, small businesses often turn to accountants and bookkeepers for guidance on carbon reporting.  Sumday will offer resources to help accounting professionals improve their carbon accounting skills as part of the partnership. It includes templates, training materials, and best practices to help businesses meet sustainability requirements.

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.

Jessica Richmond, CEO and Co-founder of Sumday

Access and Eligibility 

Xero customers can access Sumday’s platform for free for 12 months through the Xero App Store.