Philip Khao


Director

📧 philip@solveaccounting.com.au

Growing up in a single-parent household, I quickly learned the value of money and the importance of financial control at a very young age. My mum would always tell me that “money doesn’t grow on trees” and it still resonates with me to this very day. You could say I was destined to be a Chartered Accountant, and after 15 years of working on my craft in public practice and for multinational corporations, I now provide Virtual CFO services to SMEs.

My role as a Virtual CFO is to help business owners instil financial control within their business. I do this by reviewing their business systems and processes for any inefficiencies and then implementing effective solutions to promote stability and success. I would then implement a financial reporting function to provide monthly performance reports and 3-way forecasts to help facilities ongoing strategic decision making and to hold the business owner accountable.

Experience / Focus Area of Practice

  • Virtual CFO services
  • Cash flow management, budgeting, and forecasting including 3-way forecasts
  • Financial & KPI reporting & advisory
  • Systems and business process audits, including business automation services and technology
  • Goals setting & implementing business strategies
  • Forensics accounting
  • Bookkeeping & payroll services
  • General accounting, tax & business advisory
  • Federal & state tax advisory & compliance
  • Corporate secretarial

Education & Qualifications

  • Bachelor of Business (Accounting & Business Law)
  • Member, Institute of Chartered Accountants in Australia

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