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 …


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 …


May 2017

Australia’s new data breach notification laws. Are your suppliers ready?

By: Odyssey Legislation
Tags: cloud, Data breach, Data security, Disclosure, due diligence

With an increase in data now on the cloud, and a number of third party services providers assisting Australian accountants, it’s a good time to look at the ever changing laws on data breaches. More recently, there was the “Can you hear me” scam reaching Australia. The scammer only needs to record you saying “yes” over the phone. The intention …


Nov 2016

Accounting Compliance gets a breather

By: Odyssey Publication
Tags: cloud, compliance, Outsourcing, Technology

The annual 2016 Good Bad Ugly – Executive Summary Report has just been released and there is some interesting news on the Compliance front. The Business Fitness team have pushed out some revelations contradicting the current thought that compliance is dead. In an interesting twist this year, the report indicates that while accounting firms have introduced other services into their business …


Oct 2016

Peer-to-peer hits the real estate market

By: Odyssey Cloud
Tags: cloud, Disruption

This week we look at an interesting peer-to-peer disruptive model that has hit the real estate market. For anyone who has ever sold a property, there are several variable costs that are always considered. Is my marketing budget sufficient or not. Should I go to auction or choose a price. What is the real estate commission. This new website certainly …


Mar 2016

Firm of the Future

By: Odyssey In the Press
Tags: cloud, Firm of the future, offshore

In 2007 CPA Australia released its Firm of the Future report. Many of the key drivers of change identified in 2007 came about including technology developments, business processes, knowledge management and the mobile workforce. Underlying enablers we now take for granted weren’t in existence at that time. Iphones, ipads, apple watches and swipe technology were still on the drawing board. …


Dec 2015

How infrastructure and internet speeds affect how you do business, and where you outsource your work

By: Odyssey Cloud
Tags: cloud, Internet speed, offshore to Vietnam

An independent article on Asia’s mobile and broadband internet speeds noted the following broadband speeds. Vietnam operates at slightly better broadband speeds as Australia, and well in front of the Philippines, Bangladesh and India… Broadband speeds: 9th place – Vietnam 17.3 Mbps 10th place – Australia 16.7 Mbps 11th place – Bangladesh 9.8 Mbps 15th place – India 7.2 Mbps …


Nov 2015

Accounting’s brave new digital world

By: Odyssey In the Press
Tags: cloud, Firm of the future, Intuit, offshore, QBO, Xero

Accountancy’s digital revolution means that your firm’s toughest competition might be a switched-on firm on the other side of the continent.. In this article Brad Howarth revisits the “Firm of the Future” 2007 CPA report and visits on what has changed since then. The impact of the cloud is the big game-changer going on right now, and its transformative powers …


Jan 2013

January 2013 Newsletter – The Odyssey Rebel Motorbike trip and other Outsourced Accounting news

By: Odyssey Newsletter
Tags: APES GB 30 Outsourced Services checklist, cloud, free trial, Outsourcing

It’s early January and the year is already shaping up to be big with outsourcing and the cloud affecting every Australian accountant. Odyssey rebel motorbike trip – January 2013 Next Sunday 20th January 2013 we kick off the Odyssey Rebel Motorbike trip in Luang Prabang, Laos. We’re taking on the 7 day cultural North tour. If you are on top of …