Business Entity Setup
Rake Documentation Article
Want to see how this works in practice? Try it directly inside the Rake app.
Launch Business Entity Setup Dashboard📋 Overview
The Business Entity Setup panel is the primary configuration center for your corporate profile. It stores the foundational legal, banking, and branding settings used across the entire application.
⚙️ Configure Your Corporate Profile
Input your formal trading names, registered business addresses, and communication endpoints. Enter corporate identification numbers (ABN/ACN) along with your bank routing codes (BSB/Account). Upload your corporate logo file and select your brand's accent color. Click "Commit Configuration".
📑 Field Definitions
| Field | Type | Details |
|---|---|---|
| Accounting Basis | Enum | Cash (basis of receipts) or Accrual (basis of invoice date) |
| Business Type | Enum | Sole Trader or Company (Pty Ltd) — sets tax calculation paths |
| ABN / ACN | String | Validated against standard Australian format (11-digit ABN / 9-digit ACN) |
| Bank Details | String | BSB and Account Number strings injected into invoice payment instructions |
🔢 Numbering Sequences
Automate your document tracking by enabling intelligent numbering templates for Invoices and Purchase Orders. Define a custom Syntax Template using smart tokens like {YYYY}, {MM}, {seq}, {CLIENT}, or {PROJ}. Control padding length and set automatic sequence resets (e.g., reset the counter back to 1 every Financial Year or Month).
🔗 System Interrelationships
This configuration serves as the master data source. The invoicing engine, financial reporting tools, and document generation modules all read this profile dynamically. Any changes here instantly update the headers, banking instructions, and branding styles on every document Rake generates.