Managing payments and financial transactions is a critical aspect of Short-Term Rental property management, especially when it comes to trust accounting. To enhance this process, Clearing has partnered with Lynnbrook Group, a leading payment processing solution tailored for vacation rental property managers. This integration streamlines payment processing and helps with bookkeeping automation, allowing property managers to focus more on delivering exceptional guest experiences.
Lynnbrook Group offers a robust payment platform that integrates seamlessly with various reservation systems, providing features such as payment processing, chargeback management, and comprehensive reporting/auditing tools. By connecting Lynnbrook Group with Clearing, property managers can automate the reconciliation of payouts from OTA’s requiring a payment processor, accurately match each payment to its respective booking, and maintain precise financial records and reporting.
This guide will walk you through the steps to integrate Lynnbrook Group with Clearing, enabling you to streamline your payment processing and Short-Term Rental financial management.
Integrating Lynnbrook Group with Clearing
Step 1: Access the Integrations Section in Clearing
Log in to your Clearing account and click on “Settings” at the bottom of the left-side menu. Under “My Profile”, select the option “Integrations”.
Step 2: Connect Your Lynnbrook Group Account
In the Integrations management interface, locate the “Lynnbrook Group” option. Click on the “Manage Lynnbrook integration”.
Step 3: Configure Integration Settings
Enter your Lynnbrook Target ID and press “Save”. If you need access to your Lynnbrook Target ID, you can contact Lynnbrook Group for support.
Step 4: Monitor and Analyze Transactions
Navigate to the "Transactions" section in the left-side menu of Clearing. Review the transactions imported from Lynnbrook Group, ensuring each payment is being accurately matched to its respective booking. Utilize Clearing’s reporting tools to gain insights into your financial performance.
Note: It may take a brief moment of time to populate the transactions. You can also add a filter for “Merchant” to be “Lynnbrook Group” and the transaction will be easier to locate.
That’s it!
You are now ready to leverage the automation that comes with our Clearing and Lynnbrook Group integration.
With this integration between Lynnbrook Group and Clearing, you can automate the reconciliation of bulk payouts from online travel agencies (OTAs), reduce manual data entry when reconciling bookings, and maintain accurate financial records and owner reporting. This seamless integration empowers property managers to enhance operational efficiency, giving property managers more time to focus on growing their business and providing outstanding guest experiences.
For further assistance, please contact Clearing Support or Lynnbrook Group Support.
If you are using Lynnbrook Group and would like to see how Clearing can help reduce your time-spend on manual month-end accounting tasks, book a free personalized demo today!
Clearing is a Financial Technology Company, not a bank.