Setting Up Your First Entity

What is an entity?

An entity represents a financial identity you manage. This could be yourself (an individual), a company, a family trust, or an SMSF. Each entity has its own dashboard, assets, liabilities, transactions, and reports.

Creating your first entity

1. Open the entity manager

After signing up, click Add Entity on your dashboard or go to Settings > Entities.

2. Choose the entity type

Select from:

• Individual — for personal finances
• Company — for a business or sole trader
• Trust — for a family or discretionary trust
• SMSF — for a self-managed super fund (Pro only)

3. Enter the details

Fill in the entity name and any relevant details like ABN (for companies and trusts). Finance Frank will use this information for tax calculations and reporting.

4. Start adding financial data

Once your entity is created, you can:

• Add assets (bank accounts, property, investments)
• Add liabilities (mortgages, loans, credit cards)
• Import transactions from your bank
• Set up budgets and goals

Switching between entities

Use the entity switcher in the top navigation bar to move between your entities. Each entity maintains its own separate financial data.