Overview
This article outlines the steps to delete an entity in Simple Invest 360.
The deletion process is the same for all entity types, including Trusts, Companies, and Individuals.
Information
1. By default, only Admin users have the ability to delete entities. However, the ability to delete entities can be switched on for employees. Refer to User Roles.
2. The entity count can be found in the top right-hand corner of the Entity Selection page.
Warning
Deleted entities can't be restored in Simple Invest 360; please consider this prior to removal.
The following will be removed when an entity is deleted and cannot be restored:
- All Transaction Data
- All CGT Data
- All Financial Reports
BGL recommends that you take the following precautions before deleting an Entity:
- Export all transaction lists and CGT registers out of Simple Invest 360 as either a PDF or Excel files.
- Run reports for the Invest and store these externally to Simple Invest 360.
Note: It is not possible to store a backup of an entity in Simple Invest 360.
See below the set of Recommended Reports to export prior to deleting an entity, in order to create the Invest again if necessary.
Instructions
Before you delete an Entity in Simple Invest 360, we recommend exporting the following reports from the Reports screen. This ensures that if an entity needs to be restored, we can use these reports to enter the entity's opening balances.
- Note: when entering opening balances, this does not include the full transactional history of the fund.
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We recommend exporting the reports based on when the Invest was last finalised, and ensuring the reports exported are un-rounded. The reports we recommend are
There may be other reports you deem more appropriate or necessary to include as part of the export prior to deleting the fund. |
An entity can be deleted in two ways below. One is through Entity Selection and the other is through Insights Dashboard.
| From the Main Toolbar, select Home. | |
| Select Entity Selection. |
1. Select the checkbox to the left of the Invest(s) to delete.
2. Select the Delete button.
3. A confirmation box will appear to confirm that the Invest selected will be deleted within 24 hours.
Warning
Deleted entites can't be restored in Simple Invest 360; please consider this prior to removal.
| From the Main Toolbar, select Home. | |
| Select Insights Dashboard |
1. Select the three-dotted icon beside a fund.
2. Select Delete Entity Type.
3. A confirmation box will appear to confirm that the Invest selected will be deleted within 24 hours.
Warning
Deleted entities can't be restored in Simple Invest 360; please consider this prior to removal.
Problem Deleting an Entity in Simple Invest 360
The following are steps that be done if an Entity has not been deleted in 24 hours.
Remove the Wind-up date in the Company Details screen / Vesting Date in the Trust Details screen.
Remove all relationships from the Entity Relationship screen.
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Ensure there are no part-way create entries in the Period Compliance screen.
- Entries need to be created to year-end (i.e. 30/06/20XX) for an entity to be deleted.
- If entries have been created part-way through the year, you will need to either create entries to year-end or reverse entries to year-end (i.e. 30/06/20XX).
Ensure all revaluations from the Property Dashboard are removed.