Loss & Adjustment Mapping

Audience: Admin
Type: Reference

Reference

For system behavior and rules, see
SmartBooks Documentation – Section 6: Journal Entries and Adjustments

Purpose

Loss & Adjustment Mapping defines how loss and adjustment transactions are recorded into accounting accounts in SmartBooks.

This mapping ensures adjustments and losses are reflected correctly in financial reports.

How to Access

1. Go to SmartBooks

2. Click Settings

3. Open Mapping Setup

4. Select Loss & Adjustment Mapping

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

What Loss & Adjustment Mapping Does

This mapping connects:

• Loss or adjustment transaction types

• Accounting accounts used to record those amounts

When a loss or adjustment is recorded, SmartBooks applies this mapping automatically.

Configuring Loss & Adjustment Mapping

To configure or update the mapping:

1. Open Loss & Adjustment Mapping

2. Select the Loss or Adjustment Type

3. Select the Account to record the amount

4. Save the mapping

The mapping applies to future adjustment records.

Updating Mapping

Update this mapping when:

• Adjustment categories change

• Loss-related accounts are updated

• Accounting structure is revised

Changes affect future records only.

Important Notes

• Loss and adjustment mapping applies across SmartBooks

• Incorrect mapping can affect expense and profit reports

• Existing adjustment records are not recalculated automatically

When to Configure This

• During initial SmartBooks setup

• Before recording adjustments or losses

• When adjustment-related reports show incorrect values

Related Articles

• Create A Journal Entry

• Credit Note Mapping

• Chart of Accounts

• Mapping Setup

End of Article