Feb 2019

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The best moments

By: Odyssey General
Tags: Experience, Memories

The best moments usually occur when a person’s body or mind is stretched to its limits in a voluntary effort to accomplish something difficult and worthwhile.

As we roll into February and everyone gives up on their new year’s resolutions it’s a good time to take a step back and think about the best moments from last year, or even the last few years.

For those of us that have done something completely different this past year, then those memories will likely stay for a long time. For those of us stuck glued to our iphones in a mind numbing time sucking experience, then hundreds of hours have probably been lost, and we’ve trained our brains in the instant gratification of endorphin hits.

True greatness, and true experiences, only come from stretching yourself in some new endeavour. In our opinion, accountants should be moving away from compliance, and outsourcing this work overseas.

As a service entity, the accounting firms strength (and value) is based on the strength of the clients, the strength of the workforce, the strength of the service offering, and to some extent the software deployed (think cloud, automation etc).

Best practices will give best value for the business owner.

In the past few years there has been the temptation to go the easy route and chase lower cost offshore resources. Commonly called OFFSHORING, this is just a race to the bottom. In the end you are still stuck in the compliance rut, and haven’t really freed up any spare time to accomplish something difficult and worthwhile.

For those that have moved to outsourcing, there are massive benefits. The reduced need to manage a workforce (onshore of offshore), the reduction in need to review work, train, supervise. It’s really a no-brainer.

Greatness for accounting firms will only come from outsourcing work to a competent, qualified, quality provider.

This needs to be done before true greatness and true lifelong memories can be experienced by accounting firm owners.

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