Transaction data refers to the details of financial transactions, such as payments or expenses. It includes information like transaction amounts, dates, and associated details.

Booking data consists of information related to property bookings. It includes details like reservation dates and associated financial transactions.

A booking line represents an individual financial item associated with a booking. It could be a specific charge, fee, or payment related to the reservation.

To make it easier for you to manage your booking finances, we use a classification called 'Type' to group booking details within each reservation. This classification covers broad financial categories like Accommodation fare, Host Channel fee, Adjustments, and more. It allows multiple booking details to be grouped under the same Type. This system operates independently from categories, and you have the flexibility to set up rules to automate the mapping based on Types.

A custom rule is a user-defined condition or set of conditions that automates the categorization or processing of transactions or booking data within Clearing. Users can create rules to streamline their bookkeeping processes.

A category in Clearing represents a grouping or classification for different types of transactions. Users can assign categories to transactions to organize and track their financial activities.

In Clearing, an asset typically refers to a property or unit that generates revenue. Users can associate assets with transactions to specify which property or unit a particular financial activity is related to.

An owner is an individual or entity who owns a property or asset. Clearing allows users to track financial transactions and statements for different owners associated with specific assets.

By utilizing the "trust accounting" field, you can automate the process of determining whether a transaction is associated with the owner, management, or should be excluded from consideration. This adds a layer of clarity and automation to the financial management process, ensuring that transactions are appropriately categorized and allocated based on your specified criteria.

Zero-balance accounts in Clearing are additional accounts with different account numbers linked to Main balance. They act as different doors to the same house, allowing users to segregate funds for specific purposes, categories, or properties. They facilitate automated categorization of transactions.

A sub-balance in Clearing is a portion of the main balance. It serves as a segregated fund within the main account, enabling users to compartmentalize funds for specific purposes or categories. Sub-balances don't have individual account numbers and can be created as needed. Zero-balance accounts can be used to route incoming funds directly to one or multiple sub-balances.

The Clearing main balance is the primary account where users can collect payments in the U.S. It is associated with Evolve Bank and Trust. The main balance can be used for routing payments and allowing third parties to debit the account. It can also have additional zero-balance accounts linked to it. Funds are FDIC insured up to $250,000.

An external bank account in Clearing is a financial institution account linked during onboarding or on an ongoing basis. Plaid, a secure financial aggregator, is used to connect with external bank accounts. Users can view details such as the account name, last 4 digits of the account number, balance, and recent movement based on transactions.

An external credit card in Clearing refers to credit card accounts linked through the same process as external bank accounts. Users can view details such as the credit card name, last 4 digits, and the balance owed. Similar to external bank accounts, users can refresh the connection and view additional details.

A recipient is the entity or individual to whom a payment is being made. Clearing users can set up recipients for transactions, allowing them to specify the destination of funds.

ACH is a network that facilitates electronic payments and transfers of funds between bank accounts.