In the world of property management, keeping accurate financial records for future bookings can be a perplexing challenge. When revenue payouts from Stripe hit the bank account, these transactions are automatically recognized based on that date, creating confusion for property managers and owners alike. Imagine receiving payment today for a reservation scheduled months ahead; this misalignment between payout and booking date can puzzle both managers and homeowners who receive periodic homeowner statements. The default recognition process doesn't always align with the booking date, making accurate accounting a puzzle. This is where Clearing steps in as the solution to this challenge by empowering users to easily adjust the recognized date of these transactions and account for revenue in the month of the actual booking.

Clearing, a leading platform in property management, has introduced a user-friendly feature that allows property managers to adjust the recognized date associated with their accounting transactions. This feature ensures that revenue is accounted for in the specific month of the reservation, aligning financial records with booking dates and ensuring accurate accounting for future bookings**.** With automated bookkeeping and recognizing transaction capabilities**,** Clearing simplifies reconciliation of financial transactions allowing property managers to confidently close their books.

Simple Steps for Changing the Recognized Date of Future Bookings in Clearing

Step 1 - Access the Bookings Section in Clearing

Log into your Clearing account and navigate to the “Bookings” section in the side menu. This is where you'll find a centralized view of all your bookings, regardless of their source (e.g., Airbnb, Vrbo, Booking.com, your direct booking website, etc).

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Step 2 - Choose the Booking you Want to Adjust

Scroll through your bookings until you find the specific one for which you need to adjust the recognized date. Click on it.

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Step 3 – Adjust the Recognized Date

Once you have chosen the booking you want to adjust, look for the "Recognized Date" option.

Under the "Recognized Date" option, you will have several choices for adjusting the date. You can select from "Arrival Date," "Departure Date," and "Reservation Date,"  by just clicking on the particular option, or you can opt for a "Custom Date" of your choosing by clicking on "Date" option.

Choose the option that best aligns with your requirements. If you prefer the financial transaction to be recognized on the arrival date, select that. The same goes for the departure date, reservation date, or your custom date.

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Take Advantage of Clearings innovative feature and effortlessly adjust the date that financial transactions should be recognized to align your financial records accurately with booking dates.

Ready to optimize your financial bookkeeping for future bookings?

Connect with us for a personalized demo and discover how to change the recognized date for future bookings in Clearing.

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

Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

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