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What kind of reporting is available in Clearing?
Clearing offers various types of reporting, including:
Profit and Loss (P&L): Provides insights into income, expenses, and net operating accounts by aggregating transaction data from your bank account, credit card, or journal entries.
Monthly Statement: Tracks the last three months of revenue and expenses, with options for granular filtering and aggregation, allowing you to tailor the statement to your specific needs.
Management Reporting: Focuses on transactions or booking lines marked with the trust accounting field “to management,” offering insights into commissions, markups, and other financial details related to managing bookings.
Owner Reporting: Focuses on transactions or booking lines marked with the trust accounting field “to owner,” offering insights into Airbnb Resolution Payouts, credits, and debits related to bookings.
Booking Reconciliation Reporting: Focuses on matching the expected amounts per booking from the PMS/OTA, with the actual payouts deposited into your bank account (transactional data), which is the source of truth.
Other Formula Reporting: Focuses on the results of the "other formulas" that you create within the "Rules by Booking" section of the app. See more information on the "other formulas" to understand this report better.
Can I filter reporting?
Yes, you can filter reporting based on various criteria such as date range, asset, homeowner, account, category, and trust accounting features.
This customization allows you to tailor the view to meet your specific needs and gain precise insights.
Can I request a new type of reporting?
If you have specific requirements or suggestions for new reporting features, please reach out to our support team with your feedback.
Do you have a balance sheet?
We are currently working on the balance sheet functionality, and are excited to announce when this is released.
I think the numbers are wrong, what should I do?
If you suspect discrepancies in the numbers, start by double-checking your transaction categorization to ensure that transactions are appropriately assigned to the correct categories.
If the issues persist, please reach out to our support team for assistance. They can help investigate and resolve any discrepancies you may encounter.
I don’t see specific transactions on the reporting, why?
If specific transactions are not appearing in the reporting, it could be due to missing categorization.
Ensure that all transactions are properly categorized, as uncategorized transactions may not be displayed in the reporting sections.
Check the P&L uncategorized section to identify any transactions that need categorization.
How is the Profit & Loss calculated?
The Profit & Loss (P&L) statement is calculated using transaction data from your bank account, credit card, or journal entries.
The P&L aggregates income and expenses by category, providing a view of your net operating account. The categories assigned to transactions determine their appearance in the P&L, so it's important to ensure transactions are properly categorized for accurate representation.
Any uncategorized transactions are grouped into the Uncategorized sections at the bottom of the report.
Can I export the profit and loss?
Yes, the data from the Profit & Loss can be exported to an Excel file (CSV).
How is the monthly reporting generated?
Monthly reporting tracks the last three months of revenue and expenses, separate from the Booking and Transaction data.
You can choose the level of aggregation, apply various filters, and decide whether to use booking data or transaction data.
This flexibility allows you to tailor the monthly statement to your specific tracking needs.
What is the difference between Transaction and Booking data?
Transaction data includes bank transactions, credit card transactions, and journal entries, capturing operating expenses not tied to specific bookings.
In contrast, booking data comprises financial information sent by your property management system, focusing on categorized transactions associated with specific bookings.
What is the Management reporting?
Management reporting is specifically designed for transactions or booking lines marked with the trust accounting field “to management.”
It helps track commissions earned on bookings, markups on expenses, and other revenues or expenses related to managing bookings.
This reporting is essential for reconciling trust accounts and ensuring accurate financial management.
How is the Management reporting calculated?
Management reporting aggregates data based on the trust accounting field “to management.”
It offers insights into total commissions earned, markups on expenses, and other key financial details related to managing bookings.
The view can be filtered and customized based on assets, homeowners, channels, and time ranges to suit your specific needs.