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 …
2018 – the year to bring Bookkeeping back inhouse, and outsourced.
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 …
Australia’s new data breach notification laws. Are your suppliers ready?
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 …
Accounting Compliance gets a breather
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 …
Peer-to-peer hits the real estate market
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 …
Discover the Firm of the Future
If you typed in firm of the future then you would end up on this site, which has a definite Intuit feel (top marks to Intuit for grabbing this site name). But the site is well worth a visit. Intuit invited their accounting client base to submit a short video on being the Firm of the Future and they’ve picked the “Top …
Firm of the Future
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. …
How infrastructure and internet speeds affect how you do business, and where you outsource your work
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 …
Accounting’s brave new digital world
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 …
January 2013 Newsletter – The Odyssey Rebel Motorbike trip and other Outsourced Accounting news
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 …
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