How many time periods can I analyze?

The CFO Scoreboard Software has the ability to analyze up to four time periods at one time with no restrictions on the total number of time periods that can be analyzed. Although the software can analyze as little as one time period, the best results are obtained by having at least a Beginning Balance Sheet, Ending Balance Sheet and an Income Statement. Furthermore, financial statement analysis relies heavily on observing and measuring trends, so the greater the number of time periods, the better. The periods of time you measure can be monthly, quarterly or annually.

What if I want to analyze Monthly, Quarterly and Annual numbers? Can the CFO Scoreboard “annualize” my results?

Yes. The CFO Scoreboard Software has the ability to annualize a partial year’s results, regardless of the length of time for the partial year. Annualizing the most recent month or quarter’s results is a great way to extrapolate your financial information so that you can see the possible year end results if the current trends continue.

Can I use the CFO Scoreboard to project or budget future time periods?

Yes. With this Software package, you have the ability to model different financial activities and decisions without having to be a financing expert. For example, you can see the financial impact of growing sales or cutting expenses or borrowing money. You have the ability to project varying receivable or inventory days. Probably the most powerful aspect of the Software is its ability to project cash and cash flow. Sadly, most business owners only project an income statement. The CFO Scoreboard Software actually guides you in projecting a balance sheet and a statement of cash flow. The projection time period can also be monthly, quarterly or annually.

4. Is the CFO Scoreboard compatible with both Microsoft and Apple?

The Software operates within Microsoft Excel and requires Windows XP. Every new Mac lets you install Windows XP and Vista and run them at native speeds, using a built-in utility that is included called Boot Camp. After you’ve completed the installation, you can boot up your Mac using either Mac OS X or Windows. If you want to run Windows and Mac applications at the same time — without rebooting — you can install Windows using VMware or Parallels software. Both were priced at $79.99 when lasted checked.

What versions of Microsoft’s operating system do I need to run the CFO Scoreboard Software?

The Software is compatible with Windows XP (SP2) and higher.

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.

How long will it take to set up CFO Scoreboard and start using it?

The set-up is less than 15-20 minutes. The CFO Scoreboard also has a very robust teaching video Tutorial which reviews each of the worksheets in the Software. The Tutorial is about two hours long and can be accessed at any time for any worksheet. The total number of computations the Software performs instantaneously would take most people 15-20 hours, so the set-up required is actually minimal compared to the results. Not only that, the Software organizes the information so that it makes sense, highlights the trends and obvious problems and suggests strategies to fix the problems.

What if I have questions?

The CFO Scoreboard Software has a 2+ hour video Tutorial which is indexed and available on demand for each of the worksheets. The Tutorial discusses each worksheet, shows you how to understand the meaning of each worksheet and how to use the information on the worksheet. In addition, each worksheet has a written tutorial in a “Help” file. Finally, the CFO Scoreboard has a special “Software Support” to answer technical or installation related issues.

What if I know nothing about reading financial statements?

The reason I created the CFO Scoreboard Software was because so many business owners, executives and entrepreneurs did not understand basic financial statement analysis. The Software literally takes the mystery and the math out of the process so that your time can be spent looking at trends (which are highlighted when they are going the wrong direction), discovering problems and designing solutions and strategies which will improve your financial performance. Regardless of your financial acumen, the CFO Scoreboard is easy to understand, simple to use and thorough in the results you will receive. We have even included a Glossary to make it even simpler.

Does the size of the business matter?

No! The CFO Scoreboard is designed to work on any business regardless of size. Whether your business has $25,000/year in annual sales or $250,000,000, the Software will direct your attention to the problem areas and save you weeks of time and frustration.

What if I have a service business?

Great question! Some businesses have a different set of financial measures. For example, some businesses have inventory and costs of goods sold. Other businesses don’t. The ones that don’t are usually service based businesses. The software provides you with the same incredibly useful information, regardless of the industry you happen to be in. In addition, some of the calculations are even tailored specifically for service type businesses so that you have the ability to measure ALL the financial information and Key Performance Indicators (“KPI’s”).

Can I use different types of Earnings (Net Income, EBITDA, EBT)?

Yes. You have the ability to use three different types of earnings for the calculations in the Software. Furthermore, you can change the type of earnings used with the click of a mouse. This flexibility is especially useful for every business in comparisons with other industries or the competition.

How many companies or businesses can I analyze?

Unlimited. You have the ability to save each business’ financial analysis results and instantaneously recall these results at any time. In addition, you can create and save an unlimited number of iterations for one business. You can analyze the results on a monthly, quarterly, semiannual or annual basis and save the results for future use.

Do I have to reenter all the prior information every time I update my Software with the latest financial results?

No. The CFO Scoreboard allows you to recall any previous file you have created and shift the data over one column to make room for the latest income statement and balance sheet provided by your accountant or bookkeeper.

Can I save my information?

Yes. The CFO Scoreboard has a Menu key which allows you to save the current results to a “.dat” File. This file will be stored on your computer and can be recalled in seconds. One of the best things about the Software is how easy it is to use and recall previously saved files of financial information.

Can I send the information I have created to someone else?

Yes. You simply print each sheet to a PDF file and save the PDF. You can then email the PDF file.

Can I print the information?

Yes. The worksheets have been sized for easy printing.

What if I have two or more businesses?

No problem. The Software has an easy to use “Save” menu key which allows you to Save and Recall your information on any business or any time period you have previously analyzed.

What if I have two computers?

The CFO Scoreboard Software will be loaded onto one computer. If you need additional copies of the CFO Scoreboard Software, they are available for a discounted price.

What if I have multiple users or want multiple copies?

There is a price break for a single user or business entity requiring multiple copies of the software. Usually you would want to contact us for discussions involving more than 5 sets of the CFO Scoreboard Software. We can be reached at info@cfoscoreboard.com

What if I replace my computer?

If you replace your computer, you will want to contact us at info@cfoscoreboard.com for a replacement version of the CFO Scoreboard Software. You will have the ability to replace the CFO Scoreboard Software.

How is the CFO Scoreboard Software delivered to me?

You are able to download the software immediately after purchasing.

Is there an annual License fee?

Yes. The Annual License Fee is $295. You will be automatically billed for each renewal period.

How much does the CFO Scoreboard Software cost?

The CFO Scoreboard Software can be purchased for $4,995, which includes the first year’s Annual License Fee.

Are there instructions with the Software?

Yes! The CFO Scoreboard Software has a very robust “indexed” video instruction and teaching Tutorial included. The Video can be accessed (on demand) for each specific worksheet in the software. The Tutorial includes not only information about the Software, but also financial statement analysis. In addition, the Software has written instructions on each worksheet in a “Help” file.

What if my numbers are formatted differently from the input worksheets in the CFO Scoreboard Software?

No problem. Your accountant or bookkeeper can easily combine the categories on your financial statements to coincide with the format used in the CFO Scoreboard Software. The format of the Software contains all the basic categories found on every balance sheet and income statement for any size or type of business.

Does the CFO Scoreboard Software interface with my accounting system to allow me to automatically download my financial statements into the software?

No. There are numerous accounting systems available to business owners and attempting to interface with all of them would be virtually impossible. Furthermore, the CFO Scoreboard Software is NOT designed to be an accounting tool. This Software is a financial analysis tool which relies on the accounting information provided to measure, analyze and diagnose your financial results so that you can proactively manage your business to create the best sustainable financial performance possible.

Does the CFO Scoreboard work in countries other than the United States?

Of course! Financial statements serve the same purpose and work the same way regardless of the country. Financial analysis does, too. Cash Flow is Cash Flow. Net Income is Net Income. Return on Assets…. You get the picture. Some countries do have differences in certain descriptions or labels. For example, in some countries, Sales is referred to as “Turnover”. We have included a Glossary which identifies the most common label differences. In addition, the CFO Scoreboard is currency neutral, which means you can use any currency in the world and the results will be unaffected.