RunSmart is designed to simplify financial planning by automatically aligning with your existing QuickBooks Online settings—no extra steps needed.
✅ Automatically Uses Your QuickBooks Accounting Method
You don’t need to manually choose between cash basis or accrual accounting in RunSmart. We’ll automatically detect and use the accounting method you’ve selected in your connected QuickBooks Online account. This ensures your reports, forecasts, and insights stay consistent with the way your books are set up.
💡 What’s the Difference Between Cash and Accrual Accounting?
If you’re unsure which method you’re using—or what the difference is—here’s a quick overview:
Cash Basis Accounting
Revenue is recorded only when money is actually received.
Expenses are recorded only when they are paid.
It’s simpler and often used by small businesses for easier cash flow tracking.
Accrual Accounting
Revenue is recorded when it’s earned, even if you haven’t received the money yet.
Expenses are recorded when they’re incurred, not necessarily when they’re paid.
This gives a more accurate picture of long-term financial health and is often used by businesses with inventory, employees, or more complex operations.
If you want to confirm or change your accounting method, you can do so directly in your QuickBooks Online account settings. RunSmart will automatically pick up any changes the next time your data syncs.