In this tutorial, we will go over how to setup asset level mapping on Cryptoworth. Asset level mapping is a common strategy for booking crypto transactions into specific crypto asset accounts in the main ledger or ERP.
Step 1
On your "Connections" page, head to your "Apps" and click on the "View" button of your connected gateway (in this tutorial QuickBooks).
Step 2
Click on the "Map Asset" button and search for the cryptocurrency assets that you want to map.
Step 3
After selecting the crypto assets, map them to their respective asset accounts in the main ledger. NOTE: You must already have the crypto asset accounts created on the main ledger software for them to show up in the account mapping selection.
In this tutorial example, we will map BTC, ETH, and MATIC to their equivalent accounts in QuickBooks.
Step 4
After completing the asset level mapping, you can sync transactions into the main ledger software. This can be done either at the transaction level or by clicking the "sync" button in the "Reports" page.
Below is an example of a MATIC transaction mapped to a MATIC account on QuickBooks. The same principle can be applied to Xero and NetSuite.
