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How do I account for the accruals associated with my financial transactions in carbon accounting?

Updated 5 months ago

[common user question]

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Great question! Accruals should be accounted for just like any other transaction, for the same reason as typical financial accounting. The accrual exists because some activity has occurred but not been billed yet. Regardless of when the bill comes in that activity needs to be accounted for when the activity occurs from both a financial and carbon perspective.

You can find some more details on this along with treatment of pre-payments in the Knowledge Centre here.

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Great question! Accruals should be accounted for just like any other transaction, for the same reason as typical financial accounting. The accrual exists because some activity has occurred but not been billed yet. Regardless of when the bill comes in that activity needs to be accounted for when the activity occurs from both a financial and carbon perspective.

You can find some more details on this along with treatment of pre-payments in the Knowledge Centre here.