Managing bookkeeping and trust accounting can be challenging for property managers, especially when handling multiple bank accounts and credit cards. Clearing integrates with Hospitable to simplify these processes by automatically syncing your property, booking, and financial data.
Once connected, Clearing uses this information to automate reconciliation and bookkeeping workflows using customizable rules. You can also create virtual bank accounts to simplify trust accounting, helping reduce manual work and improve financial accuracy.
Steps for integration
Step 1: Initialize the integration from within Clearing
Already signed up for Clearing? - follow these steps
If you have already signed up for Clearing and can access your dashboard - the first step will be to click your name in the bottom left of the platform and select “Integrations”.
Select Hospitable from the following list.
Once Hospitable is selected, click on Hospitable Connect. This will redirect you to your Hospitable account and will you be prompted to accept Clearing and Hospitable to connect. After accepting the connection, you will be redirected to Clearing.
Going through onboarding with Clearing? - follow these steps
If you are currently signing up for Clearing and are going through the onboarding steps, you will be brought to a page where you can select your Property Management Software. Choose Hospitable here.
Once Hospitable is selected, click on Hospitable Connect. This will redirect you to your Hospitable account and will you be prompted to accept Clearing and Hospitable to connect. After accepting the connection, you will be redirected to Clearing. Clearing will automatically retrieve your listings and you can review them with the option to mark certain listings as inactive if you do not wish to track their financials in Clearing or if they are simply not active anymore.
Step 2: Confirm your assets from within Clearing
Once the integration has been connected, your properties will pull into Clearing from Hospitable automatically. You can always add more as your business grows.
Step 3: Configure your assets from within Clearing
Complete this step by first naming your assets (or leave them the same as how they are named in Hospitable which will appear automatically).
If you want to group properties, for any categorization needs, you can complete that now (this can also be done later).
In general, people tend to group their assets by buildings or cities, but the flexibility of Clearing’s platform allows you to group properties however you desire. If a new group is needed, you can create new groups from this step by clicking the plus sign beside the group column title. There is also no requirement to group your properties - it’s completely up to you!
Step 4: Congrats, that’s it, you’re connected! 🤘
Once you have loaded your properties, you have completed the integration setup! Let the automation begin!
Congratulations on taking the first step towards streamlining your financial operations and leveraging the Hospitable-Clearing integration!
💡 Next, open Clearing’s platform and explore the possibilities. Get started by exploring your chart of accounts, adding or removing any categories you desire, or setting up automation rules for the transactions you recognize. There is also a wealth of knowledge available in our knowledge base, so if you get stuck, be sure to check it out.
Stay tuned for more insightful knowledge articles and exciting product announcements that will further enhance your financial management operations. We're continuously working to provide you with innovative solutions that will revolutionize your financial workflows.
Need more help?
We hope you got the Clearing help you needed! If not, reach out to a human via that little chat box on the bottom right corner of your screen. We’re always here for you and your Clearing needs.
Clearing is a Financial Technology Company, not a bank.