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 …

27

Feb 2020

Design-Metrics-to-Measure-your-Australian-Accounting-Outsourcing-Performance

Design Metrics to Measure your Australian Accounting Outsourcing Performance

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian compliance, Management Accounting, Outsourced Services, OUTSOURCING PERFORMANCE

When outsourcing accounting work to overseas has become a trend to many Australian accounting firms, measuring your outsourcing partner’s performance is important for your firm growth and to optimize the outsourcing benefits. In a previous article, we talked about the Guidelines to choose the right outsourcing partner. Metrics are useful for decision-making. Let’s design the metrics (Key Performance Indicators) to …

20

Feb 2020

Australian Accounting Firms: Do you tell your clients about the value they receive from your Outsourcing Partner?

By: Odyssey Outsourcing
Tags: accounting, australian, clients, compliance, fear, Outsourcing, Vietnam

While outsourcing bookkeeping, accounting, and compliance jobs has become a common trend for Australian accounting firms, there’s always a different reason for which you are outsourcing. Maybe you’re short on in-house resources, maybe you don’t have enough staff for some rush periods, and you could need outsourcing to catch your deadlines. You could also be outsourcing if you want to …

13

Feb 2020

Process-Standardization-In-Outsourcing-Australian-Compliances-the-key-success-of-a-BPO-service-provider.

Process Standardization In Outsourcing Australian Compliance: the key success of a BPO service provider

By: Odyssey Outsourcing
Tags: australian accounting, BPO, Compliance Work, SMSF, standardization

Imagine if your offshore staff had no set guidelines for handling a compliance job. It would be like you picked up randomly some people from the street, sat them down at the helpdesk, and expected them to complete the job well. Every BPO provider for Australian accounting usually work on tons of compliance jobs, and need to finish them smoothly …

06

Feb 2020

Guidelines-to-qualify-BPO-service-provider-for-Australian-Accounting-firms

Guidelines to qualify BPO service providers for Australian Accounting firms

By: Odyssey Outsourcing
Tags: australian accounting, BPO, Compliance Work, Outsourcing, systemisation

There is no doubt that outsourcing has become the mainstream for Australian accounting firms to achieve high performance and productivity for their services at lower costs. Searching for a qualified outsourcing partners for your accounting business requires a big effort. Let us show you a quick start guide of what to look at when selecting BPO service providers. How long …

31

Jan 2020

Let’s-look-inside-the-current-Australian-accounting-compliance-Bots-and-the-hidden-offshore-processing-behind-the-scenes

Let’s look inside the current Australian accounting compliance Bots and the hidden offshore processing behind the scenes!

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian bookkeeping, Bots, compliance, offshore labour

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 …

23

Jan 2020

Gen-Z-Accountants-What-are-the-challenges-for-Australian-employers-in-accounting-industry.jpg

Gen Z Accountants: What are the challenges for Australian employers in accounting industry?

By: Odyssey Outsourcing
Tags: ACCOUNTANTS, Accounting Firms, GEN Z, Outsourcing, RECRUITMENT

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 …

09

Jan 2020

Commoditisation in Australian outsourcing accounting services: Only the strongest systems can survive

Commoditisation in Australian Outsourcing Accounting Services: Only the Strongest Systems Can Survive

By: Odyssey Outsourcing
Tags: australian accounting, Automation, commoditization of compliance, Outsourcing, systemisation

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.  …

02

Jan 2020

Odyssey Accountants 2020 – Celebrate the Past and Create the Future

Odyssey Accountants 2020 – Celebrate the Past and Create the Future

By: Odyssey Outsourcing
Tags: Australian Accountant, Australian compliance, Australian tax compliance outsourcing, new year, Outsourcing

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. …