Managing and analyzing revenue and expenses for multiple properties and homeowners can be a complex and time-consuming task for Short-Term Rental property managers. The need to generate accurate, comprehensive reports that break down revenues, markups, commissions, and expenses by asset or owner is essential. However, without the right tools, this process can lead to errors, inefficiencies, and a lack of financial transparency.

Clearing's advanced reporting features offer a robust solution to these challenges. By enabling detailed, customizable reports for both management and homeowners, Clearing helps property managers streamline their financial reporting processes. These reports provide a clear, aggregated view of all revenue, expenses, and net income, whether filtered by asset, homeowner, or for the entire business. This level of detail not only improves accuracy but also enhances financial transparency and decision-making.

Clearing has implemented a comprehensive reporting system that includes Management Reports and Homeowner Reports.

The Management Reports in Clearing allow property managers to track all lines of revenue, including markups, commissions, and expenses billed to the management company. Users can filter these reports by assets, owners, and date ranges, providing flexibility in how the data is viewed and analyzed. The reports offer a breakdown of each property, detailing commission received, markup, total revenues, and expenses. These reports can be exported to Excel for further analysis or integrated with QuickBooks for seamless financial management with your corporate books.

The Homeowner Reports provide similar functionality but focus on the financials from the homeowner's perspective. These reports detail all revenues and expenses marked as "To Owner" in the accounting field within Clearing, ensuring that the trust accounting side is accurately reflected. Property managers can filter these reports by asset or homeowner, giving a clear view of total revenue received, net income, and detailed breakdowns of various revenue items and expenses. Like the Management Reports, Homeowner Reports can also be exported to Excel for in-depth analysis.

Both types of reports are designed to be intuitive and easy to use, providing property managers with the tools they need to maintain accurate financial records and communicate effectively with property owners.

Take Advantage of Clearing's advanced reporting features to effortlessly generate detailed, accurate reports for both management and homeowners. These reports provide invaluable insights into your financials, helping you make informed decisions and improve transparency with property owners. Whether you need to track revenue and expenses at the asset or owner level, or for the entire business, Clearing's reporting tools make the process straightforward and efficient.

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