What information has to be entered into the software to get started?
The Software requires that you input at least one income statement and one balance sheet. Each period of the income statement has 9 numbers which must be entered. Each balance sheet requires 17 numbers be entered. These numbers are taken directly from the income statement and the balance sheet prepared for you by your accountant or bookkeeper. The format used by the CFO Scoreboard Software’s income statement is fixed, so it is possible that your accountant might have to combine a few of the categories on your chart of accounts to fit the format used by the CFO Scoreboard. Entering the numbers into the Software for three or four time periods will usually take less than 15 minutes and can easily be done by an administrative or bookkeeping person.
