02 - Setting up Entity

Created by Connect Getaccountify, Modified on Fri, 26 Sep, 2025 at 1:48 PM by Connect Getaccountify

To add a new entity:

Field	Description
Entity Name	Legal or internal name of the entity
% Holding	Optional – ownership percentage if this is a subsidiary
Book Closure Date	The fiscal year-end or audit closing date
Default	Mark this as the default entity for the current user (if applicable)
Do Not Create Customer	Option to skip auto-creation of customer records linked to this entity
Address / Contact Info	Physical and email/phone details for communication
E-Invoice Tax Reg. No.	GST or regional tax registration number (for compliance)
Default General Ledgers	AP Clearing A/c, AR Clearing A/c, Unapplied Receipts A/c, Unapplied Payments A/c

Entity-Level Operations:

After entity creation, the following modules can be used entity-wise:

When creating any transaction or master data record, you’ll be prompted to select the Entity it belongs to.

Switching Between Entities

If you have access to multiple entities:

You can select the current working entity via dropdown or filter (as configured in your UI).
Reports and dashboards will respect entity selection.
Admins can control which users see which entities.

You can also perform the following actions on existing records:

Edit an Entity
To update an entity, select it, click Edit, make the necessary changes, and click Save.

Clone an Entity
To create a copy of an existing entity, select it, click Clone, update the details, and click Save.

Delete an Entity
To remove an entity, select it, click Delete, and confirm the deletion. You cannot delete entities linked to active records.

Change Entity Owner
To transfer ownership, select the entity, click Change Owner, enter the new owner, and click Submit.