06

May 2024

The Australian Accounting Landscape Amidst Declining Graduates

By: Odyssey General, Outsourcing
Tags: labour shortage, offshore, Outsourcing

The Australian accounting shortage is likely to continue due to a number of contributing factors: Below we cover these issues. Accountant shortage, knowledge gap a ‘grave concern’ for leaders Currently, there are 37,428 accounting services businesses in Australia. This figure is expected to grow by 2 per cent year on year. Concerningly, the number of accounting graduates has halved, resulting in a shortage of …

03

Nov 2022

Why a $50,000 pay rise probably won’t secure you an accounting resource

By: Odyssey Uncategorised
Tags: Australian Accountant, Australian compliance, labour shortage, offshore, Outsourcing, skilled migration

More recently there has been news articles of the high salary increases demanded and received by accountants and IT workers who are in short supply in the economy. There was an article mentioning that $50,000 was the starting point to attract a resource, but it might not be enough to seal the deal. There have been rumblings in the area …

06

Oct 2022

Are skilled workers the solution to Australia’s accounting shortage

By: Odyssey Uncategorised
Tags: Australian Accountant, labour shortage, offshore, Outsourcing, Post-COVID, visas

It seems the new Australian government is refocussing on restarting the permanent skilled workers, giving them top priority. However, reading further into this, the government is going to prioritise the processing of almost 60,000 permanent visa applications lodged by skilled workers based overseas, in a bid to rapidly reduce areas of dire shortage such as health, education and aged care. …

21

Jul 2022

Job vacancies at all-time high

By: Odyssey Uncategorised
Tags: Australian Accountant, job advertisements, labour shortage, offshore, Outsourcing, Post-COVID, visas

It’s a difficult time to be looking for more accounting resources. We’re seeing increased pressures on accounting wages domestically due to the three prong factors of limited skilled short term and long term immigration exacerbated by budget cuts in the home affairs department (responsible for processing skilled visas), reduction of international students in the Australian universities,  and high job vacancy …

03

Jun 2021

Australian compliance: the flight to quality offshore

By: Odyssey General, Outsourcing
Tags: Australian accountants, australian accounting firm, australian compliance outsourcing, australian outsourcing expert, offshore, offshore teams, Outsourcing, outsourcing partner, outsourcing quality, Remote working

For the past decade Australian accountants have been hearing of digital transformation, automation, data scraping and a dozen other terms that were on one hand labour saving, and on the other hand job threatening. For some, it’s been about as interesting as watching paint dry. Even with Covid-19 forcing the shift to at-home work, the resulting innovation has not resulted …

20

Aug 2020

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Why Australian ad-hoc resources flexibility is winning during this black swan moment

By: Odyssey Outsourcing
Tags: Ad hoc resources, Australian compliance, flexibility, offshore

This week we thought we’d share an email that came from a client last week. It’s pretty easy to summarise: Have been using Odyssey for SMSF and larger compliance jobs Hired an offshore staff from the Philippines, but they moved on (in under a year) after being trained Wants a flexible offering, including compliance work and bookkeeping Doesn’t have enough …

14

May 2020

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Australian accounting outsourcing: Is the genie out of the bottle?

By: Odyssey Outsourcing
Tags: artificial intelligence, Australian Accountant, Bots, Cloud Accounting, offshore, OUTSOURCING PERFORMANCE

We’re already seeing some interesting changes in the Australian medical profession recently. More doctors are doing online consultations, and it’s a new strange world. Are we one step away from allowing foreign doctors handle online consultations. There are already specialists in offshore places analysing x-rays and various reports. How far away are we from a computerised system that can handle …

28

Feb 2019

Those that can

Those that can, Outsource. Those that can’t, Offshore.

By: Odyssey Outsourcing
Tags: offshore, offshore labour, Outsourced Services

This week we thought we’d clarify more about the differences between Outsource Service providers and their poor cousin, the Offshore service providers. Those who understand Compliance work, create Outsourcing companies Those that can’t, create offshore companies The Outsource services providers, such as Odyssey, are usually owned and operated by Australian accountants. The better firms are operated by Australian accountants who …

22

Nov 2018

Practice management series 2

Evaluating the Potential risks of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance

By: Odyssey Outsourcing
Tags: australian accounting, offshore, Outsourcing potential risk

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 …

18

Oct 2018

Rise of the machines

Australian Accounting Compliance workplace experience is needed to fight the rise of the machines!

By: Odyssey Automation
Tags: Australian compliance, industrialization, machines, offshore

We live in a dramatically different world that is different because of globalization and technology.  Outsource your work to a quality company like Odyssey, and get on with adopting new technology. Your future, and your children’s future, depends on it! As we head into this New Wave of industrialization, there is a need to look at not only where the compliance …