Depreciations Mapping

Audience: Admin
Type: Reference

Reference

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

Purpose

Depreciations Mapping defines how depreciation amounts are recorded into accounting accounts in SmartBooks.

This mapping ensures depreciation expenses and accumulated depreciation are reflected correctly in reports.

How to Access

1. Go to SmartBooks

2. Click Settings

3. Open Mapping Setup

4. Select Depreciations Mapping

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

What Depreciations Mapping Does

Depreciations Mapping connects:

• Depreciation-related components

• Accounting accounts used to record depreciation expenses and balances

When depreciation is calculated, SmartBooks uses this mapping to post amounts to the correct accounts.

Configuring Depreciations Mapping

To configure or update depreciation mapping:

1. Open Depreciations Mapping

2. Select the Depreciation Component

3. Select the Account to record the depreciation amount

4. Save the mapping

The mapping is applied automatically to future depreciation records.

Updating Depreciations Mapping

Update this mapping when:

• Depreciation accounts change

• Asset structure is revised

• Reporting requirements are updated

Changes affect future depreciation records only.

Important Notes

• Depreciation mapping applies across SmartBooks

• Incorrect mapping can affect asset and expense reports

• Existing depreciation records are not recalculated automatically

When to Configure This

• During initial SmartBooks setup

• Before recording depreciation

• When asset-related reports show incorrect values

Related Articles

• Assets Mapping

• Chart of Accounts

• Mapping Setup

• Income Statement Modification

End of Article