To best understand the LivePlan Scoreboard and how it can help you track your ongoing business, watch this short video. Then read on for specific instructions on how to set up your Scoreboard.
To get the most benefit from the Scoreboard, you need to enter two sets of financial information into LivePlan: your planned values and your actual numbers. The planned values come from building your forecast, whereas your actual numbers are either imported into the Scoreboard from your accounting system or entered manually.
Once these two sets of values are in LivePlan, the Scoreboard can accurately show you how your business is doing compared to your forecast or periods of past performance.
Note: For most of our LivePlan users, we highly recommend completing a forecast before entering actual results. That is the focus of this article. However, if your situation requires you to focus on entering actual results first (for example, if you are an accountant or an SBDC counselor setting up a LivePlan company for a client), you might want to read <https://help.paloalto.com/hc/en-us/articles/115004902547-Helping-a-client-get-the-most-from-the-Scoreboard">Helping a client get the most from the Scoreboard.
Step 1: Set up a new company
If you haven't done so already, set up a new company.
Step 2: Complete your forecast
In the "Where do you want to start?" view, click on Start Forecast:
If you don't see this view, just click on the Forecast tab. For detailed information about how to complete each section of the forecast, read the following articles:
Step 3: Connect to your accounting solution
Click the Scoreboard tab, and then click Get Started:
Then, connect to your accounting solution:
If you don't use one of these accounting solutions, skip to Step 4.
Step 4: Map your accounts or manually enter your results
Once connected to an accounting solution, you need to map the accounts you are importing to the appropriate revenue streams, expenses, etc. in LivePlan:
If you aren't using one of the integrated accounting solutions, you can use the manual entry interface to enter your actual results: Manually entering actual results
Step 5: Use the overview and trend views to track your progress
Once you have both sets of values in LivePlan, read Using the Scoreboard overview.