diff --git a/packages/desktop-client/src/components/mobile/accounts/AccountPage.tsx b/packages/desktop-client/src/components/mobile/accounts/AccountPage.tsx
index 798350fd91..9856e4a811 100644
--- a/packages/desktop-client/src/components/mobile/accounts/AccountPage.tsx
+++ b/packages/desktop-client/src/components/mobile/accounts/AccountPage.tsx
@@ -27,6 +27,7 @@ import { useAccount } from '@desktop-client/hooks/useAccount';
 import { useFailedAccounts } from '@desktop-client/hooks/useFailedAccounts';
 import { useSyncedPref } from '@desktop-client/hooks/useSyncedPref';
 import {
+  collapseModals,
   openAccountCloseModal,
   pushModal,
 } from '@desktop-client/modals/modalsSlice';
@@ -145,6 +146,18 @@ function AccountHeader({ account }: { readonly account: AccountEntity }) {
     dispatch(reopenAccount({ id: account.id }));
   }, [account.id, dispatch]);
 
+  const [showRunningBalances, setShowRunningBalances] = useSyncedPref(
+    `show-balances-${account.id}`,
+  );
+  const onToggleRunningBalance = useCallback(() => {
+    setShowRunningBalances(showRunningBalances === 'true' ? 'false' : 'true');
+    dispatch(
+      collapseModals({
+        rootModalName: 'account-menu',
+      }),
+    );
+  }, [showRunningBalances, setShowRunningBalances, dispatch]);
+
   const onClick = useCallback(() => {
     dispatch(
       pushModal({
@@ -156,6 +169,7 @@ function AccountHeader({ account }: { readonly account: AccountEntity }) {
             onEditNotes,
             onCloseAccount,
             onReopenAccount,
+            onToggleRunningBalance,
           },
         },
       }),
@@ -167,6 +181,7 @@ function AccountHeader({ account }: { readonly account: AccountEntity }) {
     onEditNotes,
     onReopenAccount,
     onSave,
+    onToggleRunningBalance,
   ]);
 
   return (
diff --git a/packages/desktop-client/src/components/mobile/accounts/AccountTransactions.tsx b/packages/desktop-client/src/components/mobile/accounts/AccountTransactions.tsx
index 97357d7c01..a324a62253 100644
--- a/packages/desktop-client/src/components/mobile/accounts/AccountTransactions.tsx
+++ b/packages/desktop-client/src/components/mobile/accounts/AccountTransactions.tsx
@@ -4,6 +4,7 @@ import { useTranslation } from 'react-i18next';
 import { listen, send } from 'loot-core/platform/client/fetch';
 import { type Query } from 'loot-core/shared/query';
 import { isPreviewId } from 'loot-core/shared/transactions';
+import { type IntegerAmount } from 'loot-core/shared/util';
 import {
   type AccountEntity,
   type TransactionEntity,
@@ -17,6 +18,7 @@ import { SchedulesProvider } from '@desktop-client/hooks/useCachedSchedules';
 import { useDateFormat } from '@desktop-client/hooks/useDateFormat';
 import { useNavigate } from '@desktop-client/hooks/useNavigate';
 import { getSchedulesQuery } from '@desktop-client/hooks/useSchedules';
+import { useSyncedPref } from '@desktop-client/hooks/useSyncedPref';
 import { useTransactions } from '@desktop-client/hooks/useTransactions';
 import { useTransactionsSearch } from '@desktop-client/hooks/useTransactionsSearch';
 import { collapseModals, pushModal } from '@desktop-client/modals/modalsSlice';
@@ -47,6 +49,9 @@ function TransactionListWithPreviews({
   readonly account: AccountEntity;
 }) {
   const { t } = useTranslation();
+  const dateFormat = useDateFormat() || 'MM/dd/yyyy';
+  const dispatch = useDispatch();
+  const navigate = useNavigate();
 
   const baseTransactionsQuery = useCallback(
     () =>
@@ -54,27 +59,41 @@ function TransactionListWithPreviews({
     [account.id],
   );
 
+  const [showRunningBalances] = useSyncedPref(`show-balances-${account.id}`);
   const [transactionsQuery, setTransactionsQuery] = useState<Query>(
     baseTransactionsQuery(),
   );
+
+  const { isSearching, search: onSearch } = useTransactionsSearch({
+    updateQuery: setTransactionsQuery,
+    resetQuery: () => setTransactionsQuery(baseTransactionsQuery()),
+    dateFormat,
+  });
+
+  const shouldCalculateRunningBalances =
+    showRunningBalances === 'true' && !!account?.id && !isSearching;
+
   const {
     transactions,
+    runningBalances,
     isLoading: isTransactionsLoading,
     reload: reloadTransactions,
     isLoadingMore,
     loadMore: loadMoreTransactions,
   } = useTransactions({
     query: transactionsQuery,
+    options: {
+      calculateRunningBalances: shouldCalculateRunningBalances,
+    },
   });
 
-  const { previewTransactions, isLoading: isPreviewTransactionsLoading } =
-    useAccountPreviewTransactions({
-      accountId: account?.id,
-    });
-
-  const dateFormat = useDateFormat() || 'MM/dd/yyyy';
-  const dispatch = useDispatch();
-  const navigate = useNavigate();
+  const {
+    previewTransactions,
+    runningBalances: previewRunningBalances,
+    isLoading: isPreviewTransactionsLoading,
+  } = useAccountPreviewTransactions({
+    accountId: account?.id,
+  });
 
   const onRefresh = useCallback(() => {
     if (account.id) {
@@ -82,6 +101,15 @@ function TransactionListWithPreviews({
     }
   }, [account.id, dispatch]);
 
+  const allBalances = useMemo(
+    () =>
+      new Map<TransactionEntity['id'], IntegerAmount>([
+        ...previewRunningBalances,
+        ...runningBalances,
+      ]),
+    [runningBalances, previewRunningBalances],
+  );
+
   useEffect(() => {
     if (account.id) {
       dispatch(markAccountRead({ id: account.id }));
@@ -103,12 +131,6 @@ function TransactionListWithPreviews({
     });
   }, [dispatch, reloadTransactions]);
 
-  const { isSearching, search: onSearch } = useTransactionsSearch({
-    updateQuery: setTransactionsQuery,
-    resetQuery: () => setTransactionsQuery(baseTransactionsQuery()),
-    dateFormat,
-  });
-
   const onOpenTransaction = useCallback(
     (transaction: TransactionEntity) => {
       if (!isPreviewId(transaction.id)) {
@@ -178,12 +200,16 @@ function TransactionListWithPreviews({
   return (
     <TransactionListWithBalances
       isLoading={
-        isSearching ? isTransactionsLoading : isPreviewTransactionsLoading
+        isSearching
+          ? isTransactionsLoading
+          : isTransactionsLoading || isPreviewTransactionsLoading
       }
       transactions={transactionsToDisplay}
       balance={balanceBindings.balance}
       balanceCleared={balanceBindings.cleared}
       balanceUncleared={balanceBindings.uncleared}
+      runningBalances={allBalances}
+      showRunningBalances={shouldCalculateRunningBalances}
       isLoadingMore={isLoadingMore}
       onLoadMore={loadMoreTransactions}
       searchPlaceholder={t('Search {{accountName}}', {
diff --git a/packages/desktop-client/src/components/mobile/budget/CategoryTransactions.tsx b/packages/desktop-client/src/components/mobile/budget/CategoryTransactions.tsx
index 493cea185e..7b77383fc7 100644
--- a/packages/desktop-client/src/components/mobile/budget/CategoryTransactions.tsx
+++ b/packages/desktop-client/src/components/mobile/budget/CategoryTransactions.tsx
@@ -123,7 +123,9 @@ function TransactionListWithPreviews({
   return (
     <TransactionListWithBalances
       isLoading={
-        isSearching ? isTransactionsLoading : isPreviewTransactionsLoading
+        isSearching
+          ? isTransactionsLoading
+          : isTransactionsLoading || isPreviewTransactionsLoading
       }
       transactions={transactionsToDisplay}
       balance={balance}
diff --git a/packages/desktop-client/src/components/mobile/transactions/TransactionList.tsx b/packages/desktop-client/src/components/mobile/transactions/TransactionList.tsx
index ccb76297a4..61b15d04ad 100644
--- a/packages/desktop-client/src/components/mobile/transactions/TransactionList.tsx
+++ b/packages/desktop-client/src/components/mobile/transactions/TransactionList.tsx
@@ -34,7 +34,11 @@ import { View } from '@actual-app/components/view';
 import * as monthUtils from 'loot-core/shared/months';
 import { isPreviewId } from 'loot-core/shared/transactions';
 import { validForTransfer } from 'loot-core/shared/transfer';
-import { groupById, integerToCurrency } from 'loot-core/shared/util';
+import {
+  groupById,
+  type IntegerAmount,
+  integerToCurrency,
+} from 'loot-core/shared/util';
 import { type TransactionEntity } from 'loot-core/types/models';
 
 import { ROW_HEIGHT, TransactionListItem } from './TransactionListItem';
@@ -83,6 +87,8 @@ function Loading({ style, 'aria-label': ariaLabel }: LoadingProps) {
 type TransactionListProps = {
   isLoading: boolean;
   transactions: readonly TransactionEntity[];
+  showRunningBalances?: boolean;
+  runningBalances?: Map<TransactionEntity['id'], IntegerAmount>;
   onOpenTransaction?: (transaction: TransactionEntity) => void;
   isLoadingMore: boolean;
   onLoadMore: () => void;
@@ -92,6 +98,8 @@ type TransactionListProps = {
 export function TransactionList({
   isLoading,
   transactions,
+  showRunningBalances,
+  runningBalances,
   onOpenTransaction,
   isLoadingMore,
   onLoadMore,
@@ -174,7 +182,14 @@ export function TransactionList({
               selectedTransactions.size > 0 ? 'multiple' : 'single'
             }
             selectedKeys={selectedTransactions}
-            dependencies={[selectedTransactions]}
+            dependencies={[
+              selectedTransactions,
+              locale,
+              onTransactionPress,
+              runningBalances,
+              showRunningBalances,
+              t,
+            ]}
             renderEmptyState={() =>
               !isLoading && (
                 <View
@@ -219,6 +234,8 @@ export function TransactionList({
                   {transaction => (
                     <TransactionListItem
                       key={transaction.id}
+                      showRunningBalance={showRunningBalances}
+                      runningBalance={runningBalances?.get(transaction.id)}
                       value={transaction}
                       onPress={trans => onTransactionPress(trans)}
                       onLongPress={trans => onTransactionPress(trans, true)}
diff --git a/packages/desktop-client/src/components/mobile/transactions/TransactionListItem.tsx b/packages/desktop-client/src/components/mobile/transactions/TransactionListItem.tsx
index 778657e950..fd8e2d3955 100644
--- a/packages/desktop-client/src/components/mobile/transactions/TransactionListItem.tsx
+++ b/packages/desktop-client/src/components/mobile/transactions/TransactionListItem.tsx
@@ -30,7 +30,7 @@ import {
 } from '@react-aria/interactions';
 
 import { isPreviewId } from 'loot-core/shared/transactions';
-import { integerToCurrency } from 'loot-core/shared/util';
+import { type IntegerAmount, integerToCurrency } from 'loot-core/shared/util';
 import {
   type AccountEntity,
   type TransactionEntity,
@@ -38,7 +38,10 @@ import {
 
 import { lookupName, Status } from './TransactionEdit';
 
-import { makeAmountFullStyle } from '@desktop-client/components/budget/util';
+import {
+  makeAmountFullStyle,
+  makeBalanceAmountStyle,
+} from '@desktop-client/components/budget/util';
 import { useAccount } from '@desktop-client/hooks/useAccount';
 import { useCachedSchedules } from '@desktop-client/hooks/useCachedSchedules';
 import { useCategories } from '@desktop-client/hooks/useCategories';
@@ -75,11 +78,15 @@ type TransactionListItemProps = Omit<
   ComponentPropsWithoutRef<typeof ListBoxItem<TransactionEntity>>,
   'onPress'
 > & {
+  showRunningBalance?: boolean;
+  runningBalance?: IntegerAmount;
   onPress: (transaction: TransactionEntity) => void;
   onLongPress: (transaction: TransactionEntity) => void;
 };
 
 export function TransactionListItem({
+  showRunningBalance,
+  runningBalance,
   onPress,
   onLongPress,
   ...props
@@ -286,7 +293,9 @@ export function TransactionListItem({
                   </TextOneLine>
                 )}
               </View>
-              <View style={{ justifyContent: 'center' }}>
+              <View
+                style={{ justifyContent: 'center', alignItems: 'flex-end' }}
+              >
                 <Text
                   style={{
                     ...textStyle,
@@ -295,6 +304,17 @@ export function TransactionListItem({
                 >
                   {integerToCurrency(amount)}
                 </Text>
+                {showRunningBalance && runningBalance !== undefined && (
+                  <Text
+                    style={{
+                      fontSize: 11,
+                      fontWeight: '400',
+                      ...makeBalanceAmountStyle(runningBalance),
+                    }}
+                  >
+                    {integerToCurrency(runningBalance)}
+                  </Text>
+                )}
               </View>
             </View>
           </Button>
diff --git a/packages/desktop-client/src/components/mobile/transactions/TransactionListWithBalances.tsx b/packages/desktop-client/src/components/mobile/transactions/TransactionListWithBalances.tsx
index 5e28adfc2c..6ba38b7547 100644
--- a/packages/desktop-client/src/components/mobile/transactions/TransactionListWithBalances.tsx
+++ b/packages/desktop-client/src/components/mobile/transactions/TransactionListWithBalances.tsx
@@ -6,6 +6,7 @@ import { styles } from '@actual-app/components/styles';
 import { theme } from '@actual-app/components/theme';
 import { View } from '@actual-app/components/view';
 
+import { type IntegerAmount } from 'loot-core/shared/util';
 import { type TransactionEntity } from 'loot-core/types/models';
 
 import { TransactionList } from './TransactionList';
@@ -84,6 +85,8 @@ type TransactionListWithBalancesProps = {
   balanceUncleared?:
     | Binding<'category', 'balanceUncleared'>
     | Binding<'account', 'balanceUncleared'>;
+  showRunningBalances?: boolean;
+  runningBalances?: Map<TransactionEntity['id'], IntegerAmount>;
   searchPlaceholder: string;
   onSearch: (searchText: string) => void;
   isLoadingMore: boolean;
@@ -99,6 +102,8 @@ export function TransactionListWithBalances({
   balance,
   balanceCleared,
   balanceUncleared,
+  showRunningBalances,
+  runningBalances,
   searchPlaceholder = 'Search...',
   onSearch,
   isLoadingMore,
@@ -146,6 +151,8 @@ export function TransactionListWithBalances({
           <TransactionList
             isLoading={isLoading}
             transactions={transactions}
+            showRunningBalances={showRunningBalances}
+            runningBalances={runningBalances}
             isLoadingMore={isLoadingMore}
             onLoadMore={onLoadMore}
             onOpenTransaction={onOpenTransaction}
diff --git a/packages/desktop-client/src/components/modals/AccountMenuModal.tsx b/packages/desktop-client/src/components/modals/AccountMenuModal.tsx
index 9810b71fa8..ffcc783097 100644
--- a/packages/desktop-client/src/components/modals/AccountMenuModal.tsx
+++ b/packages/desktop-client/src/components/modals/AccountMenuModal.tsx
@@ -33,6 +33,7 @@ import { validateAccountName } from '@desktop-client/components/util/accountVali
 import { useAccount } from '@desktop-client/hooks/useAccount';
 import { useAccounts } from '@desktop-client/hooks/useAccounts';
 import { useNotes } from '@desktop-client/hooks/useNotes';
+import { useSyncedPref } from '@desktop-client/hooks/useSyncedPref';
 import { type Modal as ModalType } from '@desktop-client/modals/modalsSlice';
 
 type AccountMenuModalProps = Extract<
@@ -47,6 +48,7 @@ export function AccountMenuModal({
   onReopenAccount,
   onEditNotes,
   onClose,
+  onToggleRunningBalance,
 }: AccountMenuModalProps) {
   const { t } = useTranslation();
   const account = useAccount(accountId);
@@ -124,6 +126,7 @@ export function AccountMenuModal({
                 account={account}
                 onClose={onCloseAccount}
                 onReopen={onReopenAccount}
+                onToggleRunningBalance={onToggleRunningBalance}
               />
             }
             title={
@@ -201,12 +204,14 @@ type AdditionalAccountMenuProps = {
   account: AccountEntity;
   onClose?: (accountId: string) => void;
   onReopen?: (accountId: string) => void;
+  onToggleRunningBalance?: () => void;
 };
 
 function AdditionalAccountMenu({
   account,
   onClose,
   onReopen,
+  onToggleRunningBalance,
 }: AdditionalAccountMenuProps) {
   const { t } = useTranslation();
   const triggerRef = useRef(null);
@@ -220,6 +225,7 @@ function AdditionalAccountMenu({
     ...itemStyle,
     ...(item.name === 'close' && { color: theme.errorTextMenu }),
   });
+  const [showBalances] = useSyncedPref(`show-balances-${account.id}`);
 
   return (
     <View>
@@ -245,6 +251,13 @@ function AdditionalAccountMenu({
           <Menu
             getItemStyle={getItemStyle}
             items={[
+              {
+                name: 'balance',
+                text:
+                  showBalances === 'true'
+                    ? t('Hide running balance')
+                    : t('Show running balance'),
+              },
               account.closed
                 ? {
                     name: 'reopen',
@@ -268,6 +281,9 @@ function AdditionalAccountMenu({
                 case 'reopen':
                   onReopen?.(account.id);
                   break;
+                case 'balance':
+                  onToggleRunningBalance?.();
+                  break;
                 default:
                   throw new Error(`Unrecognized menu option: ${name}`);
               }
diff --git a/packages/desktop-client/src/modals/modalsSlice.ts b/packages/desktop-client/src/modals/modalsSlice.ts
index 43b6a3378b..b7d266ee22 100644
--- a/packages/desktop-client/src/modals/modalsSlice.ts
+++ b/packages/desktop-client/src/modals/modalsSlice.ts
@@ -280,6 +280,7 @@ export type Modal =
         onReopenAccount: (accountId: AccountEntity['id']) => void;
         onEditNotes: (id: NoteEntity['id']) => void;
         onClose?: () => void;
+        onToggleRunningBalance?: () => void;
       };
     }
   | {
diff --git a/upcoming-release-notes/5513.md b/upcoming-release-notes/5513.md
new file mode 100644
index 0000000000..35e056310a
--- /dev/null
+++ b/upcoming-release-notes/5513.md
@@ -0,0 +1,6 @@
+---
+category: Enhancements
+authors: [youngcw,joel-jeremy]
+---
+
+Add back mobile running balance functionality