With the rise of automation and AI in the Accounting industry, many accounting firms invest in cloud software packages. Cloud bookkeeping is becoming a standard for many businesses enabling them access to accounting information and management reports in real time. Indeed, AI / automation are the keys providing the processing speed that is required for the “real time” promise. But …
Gen Z Accountants: What are the challenges for Australian employers in accounting industry?
The entering of Gen Z into the workforce is changing the way the world turns, and that means Australian accounting firms and employers in the accounting industry are putting their focus on this young generation to recruit and retain top talent. However, Australian accounting firms may face many challenges in recruiting and training Gen Z accountants. Attracting and recruiting accounting …
Automation in Australian Accounting: Risks or Opportunities?
Automation has been threatening thousands to millions of jobs with obsolescence, and accounting jobs are supposedly at the top of list. Indeed, there is no surprise here that accounting automation truly makes productivity improvements in Australian compliance services. Accounting software that automate processes have taken over many back-office functions in accounting services. Hence; Australian accounting firms who were charging their …
Commoditisation in Australian Outsourcing Accounting Services: Only the Strongest Systems Can Survive
Whether you’ve joined the movement or not, it’s no doubt that the Australian tax and accounting industry keeps moving into more automation. As a result, there are surely big box accounting services providers that have “commoditised” their basic set of services such as bookkeeping, superannuation and taxes. Small and large businesses can find these services from a variety of providers. …
Odyssey Accountants 2020 – Celebrate the Past and Create the Future
During the past 10 years, it’s quite a decade of Odyssey. We had experienced our strong growth from the pioneer to become the market leader in outsourcing for Australian accounting firms. The achievements of Odyssey are the results of the companion of our clients and employees during this 10–year milestone. And we would like to express our thankfulness to all. …