26

Dec 2019

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm: Part 2 of 2 – Systemisation and Data Security

By: Odyssey Outsourcing
Tags: australian accounting, Data security, outsourcery management system, Outsourcing, systemisation

Prior to checking this post out, this week blog will keep identifying the main factors that Australian Accounting firms should consider when choosing a right outsourcing partner. Systemisation in Australian accounting outsourcing operation In the outsourcing accounting industry, technology plays an important part to help collaboration across borders with language or time zone difference and leads to higher productivity and …

19

Dec 2019

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm: Part 1 of 2 – Maximize Your Cost Efficiency

By: Odyssey Outsourcing
Tags: Accounting Firms, ad-hoc model, Australian Accountant, Cost, Outsourcing

During the festive season, many Australian accounting firms will close and thus not work on their compliance jobs. In order to reduce the burden of deadlines after the holiday, Australian accounting firms can choose a better solution: outsourcing. Indeed, most of outsourcing firms in Asia countries like Vietnam still process work during the Christmas and New Year season. However, it …

12

Dec 2019

Australian Accounting Revolutio-Free your team up for better advisory services

Australian Accounting Revolution: Free your team up for better advisory services

By: Odyssey Outsourcing
Tags: ACCOUNTING ADVISORY, australian accounting, Australian compliance, Outsourced Services, tax services

In the recent years, the Australian accounting industry has been experiencing a significant movement from accounting compliance to accounting advisory. Nowadays, Australian SMEs are not only looking for an accounting firm that can help them on compliance work. Yet they also need a true advisor who can give them strategic guidance in financial reporting and taking better decisions for their …

05

Dec 2019

Australian Accountants A Bigger Plan for your Accounting firm in the Upcoming Era of Automation

Australian Accountants: A Bigger Plan for your Accounting firm in the Upcoming Era of Automation

By: Odyssey Outsourcing
Tags: artificial intelligence, australian accounting, Automation, cloud, Outsourcing

The accounting industry has achieved massive cloud penetration and the laggards or those who will never adopt, will be forced to leave the market. Following this market trend, Odyssey has been converting into the cloud since 2013 and kept upgrading our system to maximize our services efficiency. Many Australian accounting firms are willing to pay more for their bookkeeping platforms …

28

Nov 2019

how-outsourcing-services-bring-value-to-australian-accounting-firms

How Outsourcing Services Bring Value to Australian Accounting Firms

By: Odyssey Outsourcing
Tags: australian accounting, Australian bookkeeping, Cloud computing, cybersecurity, Outsourcing

In the past few years, the outsourced accounting industry has kept bringing a lot of values to Australian accounting firms. More and more accounting firms have begun to outsource much more complex jobs not only bookkeeping or data entry, but also tax return, SMSFs, etc. What are the major factors that have driven the high demands of outsourced services in …

21

Nov 2019

walls-closing-in

Walls closing in

By: Odyssey Outsourcing
Tags: Advisory consulting, Australian Accountant, Australian compliance, Outsourcing

Accenture recently announced a shedding of significant staff, where the last shedding was almost 17 years ago. What’s interesting about this is that a week ago the firm Deloitte announced it is set to dissolve one of its six business units, Deloitte Private, an advisory arm aimed at small and medium enterprises and high net-worth individuals, and move its partners, …

14

Nov 2019

have-we-hit-peak-cloud

Have we hit peak cloud ?

By: Odyssey Outsourcing
Tags: Cloud Accounting, Outsourcing

Last week I had the chance to speak to an accountant this side of the Nullarbor. A small country town (as you’d expect), for some undisclosed reason he’d move into this two firm town and bought the practice from the previous owner. He did say “if I’d known now what I knew then…” (or something to that effect), but his …

24

Oct 2019

bookkeeping-outsourcing

10 key reasons why Bookkeeping outsourcing is critical for Australian accounting firms

By: Odyssey Outsourcing
Tags: australian, benefits, bookkeeping, Outsourcing

There has been a lot of movement into bookkeeping by Australian accounting firms, and this has been well documented in the past year. As compliance moves into the cloud and is automated, it is now more critical that Australian accountants extend their influence and ability into areas of current concern, where their role of trusted adviser can best be utilized. …

17

Oct 2019

accounting-outsourcing

Top 5 reasons why Australian Accounting firms are outsourcing overseas

By: Odyssey Outsourcing
Tags: accounting, australia, compliance, key reasons, Outsourcing

Australian accounting firms are moving into cloud, automation, and outsourcing at an increasing pace. In 2012 Odyssey’s CEO presented at the IPA Conference on “Outsourcing: Out of the closet and into the Cloud”. Fast forward to today, and everyone knows about outsourcing, and it’s widely accepted amongst the Australian accounting community. Certainly Australian accounting and tax compliance outsourcing has come …