Property managers face significant challenges when it comes to tracking revenue, expenses, and generating financial reports.

Manually managing these tasks can be overwhelming and prone to errors, leading to potential financial discrepancies and a lack of transparency. To address these issues, property managers need a reliable solution that simplifies the process of creating detailed reports for both the management company and homeowners. This is where, Clearing steps in as a comprehensive solution, offering advanced reporting capabilities that streamlines financial tracking and ensure accurate, clear insights into your property management company's finances.

Clearing's advanced reporting features offer property managers a powerful tool to generate detailed and customizable reports for both the management company and homeowners. This feature enables users to filter data by assets, owners, and date ranges, providing comprehensive insights into revenue lines, markups, commissions, and expenses.

By leveraging Clearing's advanced reporting capabilities, property managers can save time, reduce errors, and ensure financial transparency, ultimately enhancing their operational efficiency and decision-making process.

To access the advanced reporting features, log in to your Clearing account using your credentials. Navigate to the “Reporting” section from the left-hand menu. Here, you will find options for both "Management" and "Owner" reports.

Click on the "Management" option to start the process.

Select Filters: Choose the desired filters such as assets, owners, channel, status and the relevant date range to tailor the report to your needs.

Aggregation Level: Decide whether you want to aggregate data by asset, homeowner, or for all assets and homeowners.

View Details: Once filters are set, click "Generate" and the system will display a breakdown of management commission, markup on expenses, Airbnb resolution payments, reimbursable expenses, deductible transactions, all credits, and all debits.

Export Options: You can export this report to Excel or PDF for further analysis or send it directly to QuickBooks for a seamless integration with your corporate books.

Click on the "Owner" option to start the process.

Select Filters: Similar to management reports, select the desired filters for assets and date range.

Aggregation Level: Choose whether to aggregate data by asset or homeowner, or leave the level of aggregation as "All" if you want the report to be for all assets and all homeowners.

View Details: Once the filters and date ranges are confirmed for the report you are trying to create, click "Generate". The report will show a detailed breakdown of the management commission, markups, Airbnb resolution payments, and the credits and debits associated with that owner/property (or all owners and all properties).

Export Options: Export the homeowner report to Excel or PDF for detailed analysis or distribution.

Clearing's advanced reporting features offer unparalleled ease and efficiency in creating comprehensive management company and homeowner reports. By leveraging these tools, property managers can gain detailed insights into their financial performance, reduce administrative burdens, and ensure accurate financial reporting. This empowers managers to make informed decisions, improve operational efficiency, and enhance financial transparency with homeowners.

Are you ready to streamline your financial reporting and gain deeper insights into your property management financial operations?

Connect with us for a personalized demo and discover how Clearing's advanced reporting features can transform your financial tracking and reporting processes.

Explore our comprehensive knowledge base today to dive deep into Clearing's features and embark on a journey that will revolutionize your STR financial management experience.

Clearing is a Financial Technology Company, not a bank.