How To: Create Account Mapping Rules in Cryptio
- Cryptio |
- 11 steps |
- 36 seconds
1
Navigate to [https://app.cryptio.co/chart_of_accounts](https://app.cryptio.co/chart_of_accounts)
2
Click "Chart of accounts"
Default Mapping
3
Click "Default Mapping"
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This is where you map your GL accounts for transaction fees and realized gain/loss accounts. Cryptio allows booking separate gain/loss accounts by wallet or asset type, including mark-to-market unrealized gain/loss accounts. \
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This enhances financial insights during the accounting close and assists auditors in recalculating gains and losses.
Source Mapping
5
Click "Add Mapping"
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Click "Source Mapping"\
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Create account mapping rules for your balance sheet based on source imports"
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Maps balance sheet accounts by import sources to GL accounts by source type, cluster, or keyword. Enables mapping individual assets or clusters to respective asset accounts. This helps trace specific transactions and assets, making audits and internal reporting more efficient.
Tip! Ensure each source mapping contains a default digital asset account before identifying individual asset mappings.\
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Complete "Asset Mapping" for the ***[[material assets]]*** you care about. The remaining assets in the wallet will be captured by the default account you selected above.
Label Mapping
8
Click "Label Mapping"\
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Create account mapping rules at the transaction level based on label categorizations"
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This is where you would map your Income Statement activities based on Flow of Funds (FoF). Use identified labels to map to CoA. \
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Accurate labeling ensures clear financial statements and simplifies the review process for auditors and internal stakeholders.
Tip! ***[[Advanced Labels]]*** can be mapped on both Debit and Credit side. Powerful for creating exceptions to source mappings based on specific transaction types. Eg. If one wallet co-mingles mining, staking and custodial assets - you can map the labels to different asset accounts. This will separate the assets by their use cases without relying on source mappings
FMV Mapping
10
Click "Fair Market Value" \
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Create account mapping rules for fair value adjustments based on sources, assets or ledger accounts"
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This is where FMV account adjustments can be mapped based on asset GL accounts you are running scheduled FMV adjustments for. Identify the mark-to-market asset account and unrealized gain or loss accounts.
Tip! Important to note you can create a FMV mapping for each asset account if you chose to break them out in the source mappings, then you can create the respective mark-to-market and unrealized gain or loss account.
Tip! As a self check, there is a “Needs Review” tab, which shows sources and labels that still need to be mapped to CoA. You can mask labels that were created for filtering views only that do not require a CoA mapping.
