Assets Mapping

Audience: Admin
Type: Reference

Reference

For system behavior and rules, see
SmartBooks Documentation – Section 3: SmartBooks Settings

Purpose

Assets Mapping defines how asset-related transactions are recorded into accounting accounts in SmartBooks.

This mapping ensures asset values, depreciation, and related entries are posted correctly for reporting and tracking.

How to Access

1. Go to SmartBooks

2. Click Settings

3. Open Mapping Setup

4. Select Assets Mapping

URL format:
https://app.thulo.com/{tenantname}/ps/admin/accounting/setting/mapping-setup

What Assets Mapping Does

Assets Mapping connects:

• Asset categories or asset-related actions

• Accounting accounts used to record asset values and depreciation

When an asset is created or processed, SmartBooks uses this mapping to determine where amounts are recorded.

Configuring Assets Mapping

To configure or update assets mapping:

1. Open Assets Mapping

2. Select the Asset Type or Component

3. Select the Account to record the value

4. Save the mapping

The mapping is applied automatically to future asset records.

Updating Assets Mapping

Update this mapping when:

• New asset categories are added

• Asset-related accounts are updated

• Depreciation accounts change

Changes affect future asset records only.

Important Notes

• Assets mapping applies across SmartBooks

• Incorrect mapping can affect asset balances and reports

• Existing asset records are not recalculated automatically

• Review mapping before recording assets

When to Configure This

• During initial SmartBooks setup

• Before recording assets

• When asset reports show incorrect balances

Related Articles

• Depreciations Mapping

• Chart of Accounts

• Mapping Setup

• Assets

End of Article