Last week we had to let go one of our larger clients, who has been a client for almost 10 years. The issue involved several issues, the main one being we were losing money due to scope creep on the services and an unwillingness to renegotiate based on increased scope of services. Letting clients go is a skill we don’t …
Evaluating the Potential risks of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance
In the first part of this series, we discussed the benefits of outsourcing accounting, taxation and bookkeeping compliance to an offshore provider. Understanding the risks associated with the outsourcing is as important as evaluating the benefit. Outsourcing has 3 key success factors / risks: Quality, timeliness, price. Generic business risks are generally well understood and relate to a large extent to these key …
Why some Australian accounting firms can’t make outsourcing work
Last week we went through the history of Australian accounting outsourcing. Our CEO David Carter has led the Odyssey in outsourcing to over 1,000 Australian accounting firms over the past 15 years, and Odyssey has completed in excess of 250,000 Australian returns. So we feel we have enough depth and breadth to talk a bit about why some firms can’t …
The history of Australian accounting outsourcing, and why finding quality providers is hard
Our CEO David Carter has led the Odyssey in outsourcing to over 1,000 Australian accounting firms over the past 15 years, and Odyssey has completed in excess of 250,000 Australian returns. So we feel we have enough depth and breadth to talk a bit about the history of Australian accounting outsourcing. Going back to the year dot, when Australian accounting …
2017 Good, Bad, Ugly Poll Results Analysis
This year’s Good, Bad & Ugly Insight poll has recently been released. The 2017 poll generated data on rates and pricing across Australian Accounting firms, which paints a generally optimistic future of how Australian accountants see the year ahead. The impacts on and challenges to the industry seem to be both evolving and staying the same. For the fourth consecutive year …
