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OwnerRez
Integrations » Accounting
Updated 3 months ago

Clearing

Clearing is a complete expense and financial management platform that offers trust accounting tailored to property managers. Clearing's features include trust accounting functionality, which allows property managers to collect funds, pay homeowners, and segment balances to avoid commingling owner funds with operational balances. Through this integration, Clearing absorbs all property and booking data from OwnerRez. This data is then utilized to align bank account transactions with detailed line items from each booking. This integration ultimately results in a streamlined trust accounting setup, freeing property managers from the shackles of tedious manual tasks and overwhelming spreadsheets.

Steps for integration:

1. Log into Clearing here.

Log into Clearing

2. On the lower left, click the Settings icon.

On the lower left, click the Settings icon.

3. Then select Integrations.

Then select Integrations.

4. On the integration side panel, select OwnerRez from the list of Property Management Systems and click Connect if this is your first time in Clearing. To manage an already connected account, click "Manage OwnerRez integration."

On the integration side panel, select OwnerRez from the list of Property Management Systems and click Connect if this is your first time in Clearing. To manage an already connected account, click

5. An Authorization window will appear, and you must click Authorize Clearing.

5. Once the integration has been completed, your properties will pull into Clearing automatically - you should see a “Connected” indicator that tells you that the connection was completed without any problems.

What Data is Transmitted:

Properties:

  • ID
  • Name
  • Key
  • External name

Sync:

  • When a user connects their OR account for the first time
  • When a new property webhook is received

Bookings:

  • ID
  • Property ID
  • Listing site
  • Arrival date
  • Airbnb confirmation code

Sync:

  • When a user connects their OR account for the first time, we pull all bookings with a departure date post Jan 1st 2023
  • When a new bank account deposit from OTAs is received (to find corresponding bookings associated with this payout)
  • Commission Formulas in OwnerRez can be passed to Clearing if desired. 
  • Expenses found through Clearing's bank account connections can be passed back to OwnerRez for their owner statements.