Quick Start Guide
Get Oriented
Watch the Buyer’s Tour video
This is an ideal way to get started! We’ve put this together specifically to orient new CFO Scoreboard users like you. Click Here to watch the video.
Try out the CFO Scoreboard Example Company
This is the very same company used in the Buyer’s Tour! Feel free to play around with the software to see for yourself how CFO Scoreboard works.
Create Your Company
Add Your Helpers
A Helper could be your accountant, bookkeeper, or any team member who works with your accounting software on a regular basis. Most business owners ask their helper to upload their financial statements into CFO Scoreboard each month.
To add a Helper, click on your name in the top right corner of CFO Scoreboard and select the Settings menu. Then select Subscription & Billing and scroll down to add your Helper. For more information about helpers, read our support note about Helper Accounts.
Create Your Company
Before you can upload your data, you’ll first want to create a new Company.
In the Settings dialog, click Companies on the left menu. Click Add Company, and you’re in business! For more detail on setting up a new company, watch our video here.
Share Your Company With Your Helper
If your helper is going to be the main one to use the CFO Scoreboard app, this is the perfect time for them to take over! To do this, go back into the Settings >> Companies panel, and choose Edit Settings on your new company:
On the Company Settings screen, just add your Helper’s email address into the blank under the Sharing area. They will receive an email with their own login, and can take over from here!
Load Your Data
Export Your Financial Statements
Tip: You may want your accountant or Helper to handle this part, since he or she will be very familiar with your accounting software.
Open up your accounting software, watch one of our How to Export videos, and then export these two reports into Excel format:
- Income Statement
- Balance Sheet
Don’t Make These Rookie Mistakes:
Be sure to choose the right report settings in your accounting software. Watch the video for your accounting system before you export.
Export at least 24 months of data so that CFO Scoreboard can show you long term trends
Make sure your Income Statement and Balance Sheet spreadsheets cover the exact same range of months
Upload Your Data to CFO Scoreboard
Watch our How to Upload video, and then upload the Income Statement and Balance Sheet that you just exported.
The first time you upload your data, you will need to classify each of the accounts in your chart of accounts.
Tip: If you’re not 100% sure about the classification and checkboxes on this screen, you can always come back later and make changes as needed. We recommend having your accountant double-check your classifications.
Taking your time here and making sure these are correct will dramatically improve the optics that CFO Scoreboard gives you. The best news is, CFO Scoreboard will remember all these classifications for next time.
Don’t Make These Rookie Mistakes:
Make sure you’re uploading into your own company that you just created, not the CFO Scoreboard Example
Don’t forget to mark Payroll Accounts and accounts that contain Owner’s Expenses.
If you have any trouble during this step, feel free to reach out to the Support team – we are here to help.
Optional: Add Employees and Units Sold
After you have uploaded your spreadsheets, you’ll have the option to fill in the Number of Employees and Units Sold, which will add a finer degree of insight in CFO Scoreboard’s reports on your company. This step is not required, but highly encouraged.
Tip: If you don’t have this information handy, you can always add it later.
Help Mode
The best way to learn more about CFO Scoreboard is to turn on Help Mode. Help Mode is an interactive tour of the application with tons of videos that explain more about CFO Scoreboard. Watch our Help Mode video to learn more.
Getting Support
If you have questions or encounter problems while using CFO Scoreboard, please let us know. We are here to help!
To look up answers to common questions, just do a search on our support portal. If you can’t find what you need, you’re always welcome to drop us a line at help@cfoscoreboard.com.