Overview 

Entity Setup screen is a newly created screen, which aims to streamline the process of setting up an entity. This article will demonstrate how to utilise it.

Navigation

Navigate to Home on the left-hand tool-bar
Select Entity Setup

Creating a Trust

1. Select Trust  
2. Select the Trust Type most relevant to this Trust. 
3. If this Trust exists within your firm's CAS360 license, search for the Trust to sync details. For more information regarding this please click here 
4. Select a Badge from the drop-down list. Click on Badge Settings to update badge settings or create a new badge.  
5. Input a Trust Name and the system will create an Entity Code automatically
6. Input ABN and TFN of the trust
7. Toggle to Yes or No to enter opening balances according to the need.
8.  Input the Date Formed of the entity and Financial Period. Financial Year can be selected from the drop-down list.
9. Select Create Trust once completed 

Creating a Company 

1. Select Company
2. Select the Company Type most relevant to this Company. 
3. If this Company exists within your firm's CAS360 license, search for the Company to sync details. For more information regarding this please click here 
4. Select a Badge from the drop-down list. Click on Badge Settings to update badge settings or create a new badge.  
5. Input a Company Name and the system will create an Entity Code automatically
6. Input ABN, TFN and ACN for the company
7. Toggle to Yes or No to enter opening balances according to the need.
8.  Input the Date Formed of the entity and Financial Period. Financial Year can be selected from the drop-down list.
9. Select Create Company once completed 

Creating an Individual 

1. Select Individual
2. Select a Badge from the drop-down list. Click on Badge Settings to update badge settings or create a new badge.  
3. Input a Company Name and the system will create an Entity Code automatically
4. Input ABN and TFN of the individual 
5. Toggle to Yes or No to enter opening balances according to the need.
6.  Input the Start Date of the entity and Financial Period. Financial Year can be selected from the drop-down list.
7. Select Create Individual once completed 

Entering the entity's data  

To better streamline the process of setting up an entity, the system will prompt options for users to select as to what to do next.

if the toggle is set to Yes, for if entering opening balances. The following table will appear. 

In this example a Trust has been created however, the table remains constant for Companies and Individuals

1. For BGL to enter the Entity's historical data Select BGL Entity Setup Service, for information regarding this service, please click here 
2. Select Enter Investments Manually to proceed to the Smart-Docs CGT Screen to enter all investments held by the entity individually.   
3. Select Import from PDF to proceed to the Smart-Docs CGT Screen to upload supported reports.   
4. Select Import Import from CSV to proceed to the Feed Management Screen to upload custom or broker CSV files.
5.  Select Add Beneficiary to proceed to the Beneficiaries Screen to enter the trust's beneficiaries.  
6.  Select Enter Trust Details to proceed to the Trust Details Screen to enter specific information relating to the trust such as; addresses, identification and other information.