Most property managers deal with the intricate nature of bookkeeping and trust accounting on a monthly, if not weekly or daily, basis. Many try to simplify the process by managing multiple bank accounts and opening numerous credit cards, which can become overwhelming quickly, and is prone to major errors. Clearing is thrilled to introduce a new solution for Hospitable hosts which will transform the financial management landscape of their Short-Term Rental business.

Clearing has integrated its automated bookkeeping and trust accounting solution with Hospitable, a forefront vacation rental management software that users love.

By seamlessly integrating Hospitable with Clearing, property managers gain access to an advanced financial management platform that will redefine their financial operations. Bid farewell to manual processes and embrace a new era of efficiency. Watch as your property information, booking details, and financial data seamlessly flow into Clearing's intuitive interface. Leveraging intelligent algorithms and rules, Clearing automates the reconciliation process, eliminating complexity and saving you precious time. Further, experience the convenience of Clearing's virtual bank accounts, streamlining your financial ecosystem with ease.

Picture a future where bookkeeping, trust accounting, monthly owner statements, expense allocation, and payment management become seamless and hassle-free. It's time to regain control of your time and bid adieu to the burdens of manual financial management!

Integrating Clearing with Hospitable

Step 1: Initialize the integration from within Clearing

Step 1.1: 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”.

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Select Hospitable from the following list.

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Once Hospitable is selected, you will be prompted to enter your Hospitable Client ID and Client Secret. They can be found under Apps in your Hospitable account.

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Once you have entered both Client ID and Client Secret, please copy the URL provided in the same Clearing integration window under “Connect”. This URL needs to be pasted under “Webhooks” in the App section of Hospitable.

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Once this URL has been added, please click on “Send now” right below in the same Webhook section in Hospitable. This will ensure that all historical reservations for 2023 are synced with Clearing.

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Step 1.2: 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.

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Once Hospitable is selected, you will be prompted to enter your Hospitable Client ID and Client Secret. They can be found under Apps in your Hospitable account.

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Once you have entered both Client ID and Client Secret, please copy the URL provided in the same Clearing integration window under “Connect”. This URL needs to be pasted under “Webhooks” in the App section of Hospitable.

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Once this URL has been added, please click on “Send now” right below in the same "webhook" section in Hospitable. This will ensure that all historical reservations for 2023 are synced with Clearing.

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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

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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.

We're committed to simplifying the financial management of your vacation rental business and taking some of the weight off your shoulders when it comes to year end accounting. Should you encounter any challenges during the integration process, our dedicated Clearing support team is always ready to provide guidance and support.

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.

If you haven't yet, be sure to book a demo with Clearing today!

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

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