Managing the financial aspects of a Short-Term Rental property management company with multiple properties can present significant challenges. The use of multiple bank accounts and complex credit card structures can complicate bookkeeping operations and hinder scalability. Clearing has recognized these difficulties and developed a new feature to address them.

With Clearing's Plaid integration, you can now connect external bank accounts to our centralized bookkeeping and trust accounting software for Short-Term Rentals, allowing you to reconcile all your trust account transactions in one place. This streamlined approach to bookkeeping not only saves you time but also empowers you to focus on activities that drive the growth of your property management business. Say goodbye to the complexities of managing multiple accounts and embrace the simplicity and efficiency of Clearing's integrated financial management solution.

After linking all relevant external bank accounts into Clearing, view any transaction you’d like directly from your Clearing transactions dashboard. Simply login to your Clearing account and manage your business transactions with ease.

Clearing has made linking external bank accounts, and centralizing transaction management, a simple and intuitive process that can be completed within seconds. To link your external bank account, follow the steps below.

To link external bank accounts, first, you must log in to your Clearing account. Enter your email and password, and click the “Log In” button. If you don’t have an account yet, click the “Get Started” button on Clearing's landing page, and start the process for subscribing to Clearing.

Once you’ve gained access to your Clearing account, you’ll need to navigate to the “Accounts” tab from the side menu, and click “ Bank Accounts” from within the dashboard that appears.

After clicking the “Bank Accounts” option, you will be redirected to your external accounts panel. Here locate and click the “Link external account” option.

When you click on that option, a pop-up panel on the right will appear. Here you will be notified that Clearing uses Plaid to link the software to any bank account in the United States (US). Plaid is a very secure third party tool, that helps Clearing link existing bank accounts to the transaction feed. To proceed, simply click on the “Link account/card” option.

Now, you will be redirected to a page where you’ll have to verify that you want to connect Clearing and Plaid. To proceed simply click “Continue.”

Scroll through the list of external banks and choose the one you have an account with, or you can use the search bar if desired.

After choosing the external bank account, you will be asked to review the type of financial information that will be shared. To proceed, click “Allow.”

Last, you will need to enter your login credentials for the bank account. After that, click “Submit”.

That’s all you need to do to integrate external bank accounts with Clearing. Once you enter the login details and choose the account, you will be redirected to your Clearing "Accounts" dashboard. Here you’ll be able to see the account you’ve linked. You can view the account details and the available balance.

You can also click on the “Transactions” tab in the left-hand side panel and view all the transactions that have been made to/from that account.

Now, you’re all set to reap the benefits that Clearing has to offer with it's Short-Term Rental trust accounting solution!

You can now log into your Clearing account, manage, view, and/or create all the transactions you need within a matter of seconds. Using Clearing is the start of your simple, fun, and intuitive bookkeeping automation journey.

Manage your bookkeeping operations like never before and reach unprecedented levels of excellence in your Short-Term Rental financial management practice.

Reach out to us to learn more, or request a demo today!

Also, stay tuned for more knowledge articles and feature updates that’ll make your bookkeeping more simple and effective.

Clearing is a Financial Technology Company, not a bank.