Clearing

Automation of Bookkeeping and Trust Accounting

Clearing streamlines the complex processes of bookkeeping and trust accounting by automating these tasks. This feature eliminates the need for property managers to spend countless hours manually updating spreadsheets, significantly reducing human error and increasing efficiency. By linking various Stripe accounts and other revenue sources into one platform, users can effortlessly track transactions and manage finances, fostering a more organized and reliable accounting environment.

Integration with Multiple Financial Sources

One of the standout functionalities of Clearing is its ability to integrate with various financial sources like Stripe, Airbnb, bank accounts, and credit cards. This allows property managers and real estate investors to have a comprehensive view of all incoming and outgoing funds. The capability to pull data from multiple platforms into a single interface not only simplifies cash flow management but also enhances decision-making with real-time financial insights.

Customizable Zero-Balance Accounts

Clearing provides users the ability to maintain a main balance of funds stored with Evolve Bank & Trust, insured up to $250,000. Users can attach this balance to multiple zero-balance accounts, each with unique account numbers that can be shared with third parties for fund transfers. This feature offers flexibility and customization, allowing seamless and direct flows of funds into the main balance. Such customization ensures that funds are managed securely and efficiently, adhering to specific business needs.

Pros

Say hello to automation and goodbye to hours in spreadsheets. Learn from property managers using Clearing to automate their bookkeeping and trust accounting. Yes, you can link as many Stripe accounts as you need.

No, you can use Clearing even if you don't have a Property Management Software. Within Clearing, you can maintain a main balance of funds for each business that you own. This balance is stored with our banking partner Evolve Bank & Trust, Member FDIC, and is insured up to $250,000.

This balance can be attached to one or multiple zero-balance accounts that each have unique account numbers. You can provide each account number to any third party to send funds to you. Funds will flow directly into your main balance. Clearing is a Financial Technology Company and not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

Clearing is a complete expense and revenue management software tailored for property managers & real estate investors to close their books & reconcile their accounts faster. Clearing helps to track cash flow from multiple sources (Stripe, Airbnb, bank accounts, credit cards, and more) in one place. It’s an easy way for operators to set up their trust accounting to collect funds and pay homeowners.

Cons

While Clearing offers a streamlined solution, it may be complex for first-time users due to its array of features. There may

Clearing automates bookkeeping and trust accounting, significantly reducing human error and increasing efficiency for property managers. This tool integrates with multiple financial sources such as Stripe, Airbnb, bank accounts, and credit cards, providing a comprehensive view of finances and simplifying cash flow management. Additionally, Clearing allows for customizable zero-balance accounts attached to a main balance stored with Evolve Bank & Trust, ensuring funds are managed securely and efficiently. Users benefit from real-time financial insights and streamlined processes, although the array of features may be complex for first-time users.