Jan 2020


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 …


Nov 2019


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 …


Apr 2018

2018 The year to bring Bookkeeping back inhouse and outsourced

2018 – the year to bring Bookkeeping back inhouse, and outsourced.

By: Odyssey Outsourcing
Tags: Accounting software, Australian bookkeeping, cloud, Outsourced bookkeeping

Bookkeeping has been on the backburner for quite some time. A lot of accountants have been focused on the complexity of compliance, the cloud, digitization, and automation. At the same time, there’s been a battle in the SMSF arena as the competition heats up, and not just between accountants who have been outsourcing overseas, but also with newcomers in the …


Dec 2016

Will Australia’s minimum wage force more work offshore?

By: Odyssey General
Tags: Australian bookkeeping, Australian compliance, Automation, offshore, Wages

Quick Question: In what country is it permissible under law to pay a minimum wage of US$2.13 per hour plus tips, or US$4.25 an hour for the first 90 calendar days of employment if under 20? Ok so yes, we agree the US$7.25 minimum wage in the US is probably a more reflective figure. But it’s still remarkably lower than the …