Jan 2019

Rewarding offshore workser - Website

What your offshore workers really want… hint: it’s not cash

By: Odyssey Outsourcing
Tags: Australian Accountant, employee productivity, offshore worker

Forget the table tennis tables and the bean bags, the employees of today want a lot of different things, and it isn’t just cash. In this digital age, there’s certainly a lot of transition of employees after a year or two, and no end of consultants advising on what to do about ensuring your employees are engaged and happy in …


Jan 2019

Practice management series - 1

Issues to consider when selecting an Outsourcing Service Provider – Part 1 of 2

By: Odyssey Outsourcing

Maybe the most difficult decision regarding the outsourcing is to find the right OSP. It is useful to go through the checklist of issues to consider when selecting an OSP. For this post, we will look at three themes: background, characteristics of the OSP and their staff. Background on the Outsource Service Provider Many accounting firms ignore the important background on …


Dec 2018

outsourced offshore accounting services

Outsourced Offshore Accounting Services: Why Australian Compliance work is heading overseas.

By: Odyssey Outsourcing
Tags: Accounting services, Enjoy your christmas break, Outsourced offshore, overseas

As we head into the Christmas season, and lots of us head overseas, it’s a good time to reflect on the past year. And it’s not just the Australians that are headed overseas, albeit for a short break. Over the past year we’ve seen an explosion of work headed overseas, with the main recipients being India, Philippines and Vietnam. With …


Dec 2018

What kind of services can accounting firms Outsource?

What kind of services can accounting firms outsource?

By: Odyssey Outsourcing
Tags: Accounting services, Australian compliance, Outsourcing

Accounting firms normally outsource the business activities related to accounting, taxation and bookkeeping compliance. In the digital age, many firms are considering the outsourcing of other ancillary services such as marketing, sales and administration. The checklist below will help you identify which areas and which services you wish to outsource. Accounting function services Accounting compliance is the usual standard service …


Dec 2018

accounting outsourcing best practice

Australian Accounting Outsourcing Best Practice: why Outsourcing is the game changer.

By: Odyssey Outsourcing
Tags: game changer, offshore labour, Outsourcing Best practice

We’ve found some accounting firms headed over to the Philippines in search of additional resources, and thought it might be time to mention a few interesting facts. The offshore labour force is really an extension of your own office, but with labour issues occurring remotely. Most older style accountants still struggle with the new business model: don’t own your clients, …


Dec 2018

Where are the gains

Is Digital Disruption in the Accounting profession just a load of garbage?

By: Odyssey Automation
Tags: Accounting World, Digital Disruption, Machine Learning

As we all settle into the thought of a break at Christmas time, it’s likely we’ll reflect on the year that was, which is only mid year in the Australian accounting compliance world. More interestingly, what’s really changed this past year. The compliance world seems to be “same old same old”, more tax regulations have been introduced, but apart from …


Nov 2018

top 10 best practice

The Ten best practices for Accounting firms working with Offshore Outsourcing firms.

By: Odyssey Outsourcing
Tags: Accounting Firms, best practices, Labour hire, offshore outsourcing

Outsourcing is not a new way of working, and outsourcing to Australian accounting firms is now approaching 20 years. Certainly a mature offering for those firms like Odyssey that were the first movers (the pioneers) in this space. However, it’s acknowledged that with demand far outstripping supply in this area, there has recently arisen “labour hire” firms, with low barriers …