Accounting

RunSensible empowers you with full control over your financial management by automating key tasks and offering flexible options for manual transactions. The software simplifies processes such as tracking invoices and managing expenses that are entered directly into the system, which reduces the need for manual work and minimizes the potential for errors. This automation ensures that your financial records remain accurate and up-to-date. For added flexibility, RunSensible allows you to manually record transactions that occur outside the software, ensuring that all your financial activities—whether automated or manually entered—are consolidated in one system. This centralized approach gives you a comprehensive and accurate view of your financial standing.

Accounting Dashboard

To begin managing your finances in RunSensible, start by clicking on the Accounting option located in the left-side menu.

Managing Accounts in the Chart of Accounts

To view all accounts in RunSensible, click on the Chart of Accounts tab. This will display a table of all the accounts in your system, organized for easy reference.

Adding, Deleting, and Editing a New Account

To view all accounts in RunSensible, click on the Chart of Accounts tab. This will display a table of all the accounts in your system, organized for easy reference.

Customizing the Chart of Accounts Layout

To adjust the appearance of the Chart of Accounts table, click on the Customize button on the left side of the screen.

Filtering Accounts for Easy Navigation

For more precise viewing, you can filter accounts based on specific criteria. To do this, click the Filter button at the top right corner of the Chart of Accounts page.

Viewing Account Transactions

To review all transactions associated with a specific account, click on the Arrow button located on the right side of the account row.

Accessing and Understanding Journal Entries

Once you have personalized your accounts, navigate to the Journal Entries tab at the top of the screen.

Manually Adding a New Journal Entry

If you need to record a transaction that has not been automatically captured by the system, you can add it manually. To start, click on the New button in the Journal Entries section.

Setting Up and Managing Bank Accounts

Bank accounts have unique characteristics within the accounting system because they require more detailed information than other accounts.

Bank Reconciliation

Bank reconciliation is the process of comparing the company’s bank statement with its internal records of transactions to ensure accuracy.

Timesheets

In RunSensible, timesheets are essential for accurately tracking the time spent on various tasks and matters, ensuring precise billing and effective time management.

Firm Expenses

With RunSensible, you can effortlessly manage all your business finances in one place. Track expenses and view detailed reports on each team member’s spending, giving you a clearer picture of your operational costs and budget needs.

Filtering Firm Expenses

Starting from the right, just after the New button, you will see the Filter button. This button allows you to filter your expenses based on the information fields available.

Managing and Customizing Firm Expenses

The interface is thoughtfully designed to manage firm expenses efficiently, offering seamless navigation and quick access to essential tools.

Firm Expenses Overview

By clicking on the expense name, you can access detailed Information about the selected expense. A comprehensive form will appear, allowing you to efficiently manage and track your firm’s expenses.

Managing Expense Category

To categorize your expenses, navigating to the Settings menu in the upper-right corner of your screen.

Record Expenses/Disbursements Paid Out-of-Pocket

In RunSensible, you can record the expenses you’ve incurred on behalf of your company. This is valuable for accounting purposes and may provide financial benefits.