Check out the refractometer tool in BSmith. Brix converts to SG differently depending on what you're testing. Raw wort is roughly 4X the Brix reading, so a 12.0 Brix equals 1.048.
After fermentation has started and alcohol is present, Brix reads differently, so in BSmith select "Fermenting Wort Gravity" in the drop-down box. You must enter the Brix reading from the beer/wort AND the original gravity when you pitched. It calculates the SG given those two numbers. Whenever I've tested the result against my lab-quality hydro it has been right on.
Once you get used to the refractometer, you'll be hooked. It is very useful on brew day to monitor the gravity of the wort. If you're low, add DME; high, add some water. You can also measure the gravity of the mash: when it stops increasing conversion is complete.