Import Process: How to Switch to NoCFO Software
Here's how to switch to the NoCFO accounting software at any time, even in the middle of the fiscal year.
Written By Ilmari Tuominen
Last updated 17 days ago
Overview
Switching accounting software often feels risky. Many companies think that the switch can only be made at the end of the fiscal year—but that’s not true. NoCFO handles the entire transition for you: once you provide us with your previous accounting data, we’ll take care of the import, review, and implementation. You’ll be up and running with NoCFO software in a matter of days, not months—you can start at any time during the fiscal year.
Step 1: Upload your data
Timeline: Before the transition begins
Here’s how to get started: upload your data to the “Files” tab.
Final financial statements for the most recent fiscal year: income statement and balance sheet with chart of accounts detail, as a PDF or CSV file.
If you’re switching in the middle of a fiscal year: upload the general ledger and journal for the current fiscal year from the start of the fiscal year up to the migration date. It is also recommended to upload the balance sheet and income statement for the current fiscal year, broken down by account, up to the transition date.
For example:
2025: Income Statement, Balance Sheet, General Ledger, and Journal.
2026 (through the present): Income Statement, Balance Sheet, General Ledger, and Journal.
Why switching in the middle of a fiscal year is possible
Many companies believe that switching is only possible at the start of a new fiscal year. This is a myth. NoCFO imports the opening balances and entries for the current fiscal year into the system, ensuring that your accounting remains consistent.
Step 2: Import and Review
Who handles this: A NoCFO expert
Timeline: Within 2–3 business days of receiving the data
In this step, NoCFO:
Sets up the chart of accounts in the system while preserving your account structure
Imports opening balances based on your financial statements
Reconcile the imported data with your original financial statements before go-live
You do not need to do anything at this stage. We will confirm receipt of the data and notify you when the import is complete.
Step 3: Schedule a kickoff meeting
Once the verification is complete, you’ll receive a notification that your data has been successfully imported, and you can schedule a kickoff meeting at a time that works for you. A direct booking link is included so you can schedule the kickoff meeting right away.
Step 4: Kickoff Meeting
Schedule: Within one week of the data import (depending on the schedule)
During this meeting, we’ll go over everything and get you fully up and running with NoCFO.
Basic Settings
Bank connection: Connect your bank account to NoCFO directly via the open banking interface (PSD2 / Open Banking)
Selecting the Start Date: Choose the exact date when your live accounting will begin in NoCFO
E-invoicing: Set up your e-invoicing address so you can send and receive e-invoices
Key Features
Invoicing: How to create, send, and track invoices in NoCFO
Invoice Tracker: How to activate and track invoice payments
Payroll: How to process payroll through the system
Additional Services
Invoice Financing: Noja Rahoitus serves as our invoice financing partner, allowing you to convert your outstanding sales invoices into cash immediately.
Business Insurance: If Insurance is our partner, through whom we’ll find the best insurance solution for your business.
The kickoff meeting serves as both an onboarding session and a discussion about what else NoCFO can offer your business.
Step 5: Onboarding and Ongoing Support
After the kickoff meeting, you’ll be ready to use NoCFO to its full potential, but support will, of course, continue to be available.
Luca, your AI CFO
Luca is the AI CFO built into the NoCFO software. Ask Luca anything: financial matters, accounting advice, cash flow analyses. Luca is also there to help with any software-related issues. Luca is available 24/7 and learns as you use it.
Chat in the app
Our chat is staffed by real people, so you’ll always get help. You’ll find the chat button in the top right corner of the software, behind the round profile button, under “Ask for Help.” We aim to respond within 24 hours on weekdays.
Follow-up Meeting
If, after the first week, you’d like another walkthrough or have any questions, send us a message via chat, and we’ll set up a one-on-one meeting for you. No waiting in line, no support tickets.
Our goal: After one week, you’ll feel confident using NoCFO.
Schedule at a Glance
Have questions? Contact the NoCFO team via the app’s chat feature.