diff --git a/conservancy_beancount/plugin/meta_entity.py b/conservancy_beancount/plugin/meta_entity.py
index a105b0b..868183f 100644
--- a/conservancy_beancount/plugin/meta_entity.py
+++ b/conservancy_beancount/plugin/meta_entity.py
@@ -72,7 +72,7 @@ class MetaEntity(core.TransactionHook):
         txn_entity, txn_entity_ok = self._check_entity(txn.meta, txn.payee)
         if txn_entity_ok is False:
             yield errormod.InvalidMetadataError(txn, self.METADATA_KEY, txn_entity)
-        if txn_entity is txn.payee:
+        if txn_entity is txn.payee and txn_entity is not None:
             txn.meta[self.METADATA_KEY] = txn.payee
         for post in data.Posting.from_txn(txn):
             if not post.account.is_under(
diff --git a/setup.py b/setup.py
index 19f9f9c..f61c406 100755
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ from setuptools import setup
 setup(
     name='conservancy_beancount',
     description="Plugin, library, and reports for reading Conservancy's books",
-    version='1.13.0',
+    version='1.13.1',
     author='Software Freedom Conservancy',
     author_email='info@sfconservancy.org',
     license='GNU AGPLv3+',
diff --git a/tests/test_meta_entity.py b/tests/test_meta_entity.py
index dd5c712..f8b0122 100644
--- a/tests/test_meta_entity.py
+++ b/tests/test_meta_entity.py
@@ -214,6 +214,16 @@ def test_which_accounts_required_on(hook, account, required):
         assert any(error.message == "{} missing entity".format(account)
                    for error in errors)
 
+def test_dont_set_entity_none(hook):
+    txn = testutil.Transaction(postings=[
+        ('Expenses:Other', 5),
+        ('Assets:Cash', -5),
+    ])
+    assert any(hook.run(txn))
+    assert 'entity' not in txn.meta
+    for post in txn.postings:
+        assert post.meta is None or 'entity' not in post.meta
+
 def test_not_required_on_opening(hook):
     txn = testutil.OpeningBalance()
     assert not list(hook.run(txn))