"Even without the possibility of the points deduction we would try and win as many games as we can, but with that looming we should make sure we pick up as many points as possible.
"Anything can happen, and we can't allow ourselves to relax, even if and when we do seal promotion."
And Smith admits that it could be an uncertain summer for much of the club as Rangers appear certain to spend the amounts of money that would justify their 'richest club in the world' tag.
Warnock will be given funds to overhaul a side which is based on experienced Championship campaigners who have not necessarily made the grade in the Premier League, and Smith admits promotion could lead to a number of players leaving Loftus Road.
But having gone months without being paid at cash-strapped Portsmouth last season, Smith admits he can barely believe how quickly his own personal fortunes have changed.
He added: "We are all aware of the money that the club's backers have, so most players probably would have thought about it (if they will have to leave if promotion is secured).
"We will worry about it if it happens, we have so many experienced players here who know that in football anything can happen.
"But I'm sure it won't dampen anyone's spirits if we do go up, and we will make sure we enjoy the moment.
"It's pointless looking at who we might end up signing in two months time.
