26

Mar 2020

Forex Risks- It’s time for Australian accounting firms with offshore labour resources need to look at the fine print

Forex Risks: It’s time for Australian accounting firms with offshore labour resources to look at the fine print

By: Odyssey Outsourcing
Tags: ad-hoc model, australian accounting, Fixed offshore model, forex risk, Outsourced Services

The Australian dollar is diving down. Australian SME’s need to not only manage supply chains in a difficult time, but also manage the foreign exchange issues. Since the beginning of 2020, many offshore markets such as Vietnam, India and Philippines are observing a big down in foreign exchange rate with Australian dollar. For example, Philippine peso has gone down from …

19

Mar 2020

The Coronavirus challenge: Forget the historical Compliance work, now is the time for Australian accounting firms to be working real-time with their SME clients to support and ensure their survival…!

By: Odyssey Outsourcing
Tags: ad-hoc model, australian accounting, COVID19, Outsourced offshore, REAL-TIME

The world has been scrambling to deal with the outbreak of Coronavirus. Governments are limiting travel and imposing quarantines to curb the spread of the Virus. Conferences and meetings are being cancelled. Key supply chains around the world are disrupted. Many businesses are struggling, releasing staff, or just shuttering their doors. Accounting firms are operating in a difficult environment with …

12

Mar 2020

TOP-5-ACCOUNTING-TRENDS-WILL-SHAPE-AUSTRALIAN-ACCOUNTING-INDUSTRY-2020

Top 5 Accounting Trends Which Will Shape Australian Accounting Industry in 2020, and Beyond

By: Odyssey Outsourcing
Tags: accounting trends, Cloud Accounting, Millennials, paperless accounting, realtime

Being an Australian accounting professional, you will wish to maintain your competitive advantage in 2020 and beyond. For that, it’s vital that you understand important accounting trends. The prominent of Cloud-based Software and AI The technology has continuously developed and provided more effective applications to boost various accounting tasks, such as bookkeeping and tax preparation. Among technology trends in accounting, …

05

Mar 2020

Take-a-look-at-the-Work-life-balance-inside-the-market-leader-of-outsourcing-for-Australian-Accounting-Firms.

Take a look at the Work-life balance inside the market leader of outsourcing for Australian Accounting Firms

By: Odyssey Outsourcing
Tags: australian accounting, Australian compliance, Outsourced offshore, work life balance

Many people who start their Australian accounting business have chosen outsourcing because they want freedom. It might be freedom to make decisions or freedom around their time and choosing where and when they work. There is a temptation to do everything yourself, often because you feel the need to control everything. Eventually though, you realise you are better off hiring …