How to Link External Bank Accounts with Clearing's Financial Management Software

Learn how to integrate external bank accounts with Clearing's transaction feed. Make your bookkeeping simple and intuitive, and scale your rental property management business to new heights.

May 30, 2023


How to Link External Bank Accounts with Clearing's Financial Management Software

Managing the financial aspects of a Short-Term Rental property management business with multiple properties can present significant challenges. The use of multiple bank accounts and complex credit card structures can complicate bookkeeping operations and hinder scalability. Clearing has recognized these difficulties and developed a new feature to address them.

With Clearing's Plaid integration, you can now connect external bank accounts to our centralized bookkeeping and trust accounting software for Short-Term Rentals, allowing you to reconcile all your transactions in one place. This streamlined approach to bookkeeping not only saves you time but also empowers you to focus on activities that drive the growth of your rental property management and real estate investment business. Say goodbye to the complexities of managing multiple accounts and embrace the simplicity and efficiency of Clearing's integrated financial management solution.

After linking all your external bank accounts into Clearing, view any transaction you’d like directly from your Clearing dashboard. Simply login to your Clearing account and manage all your business transactions with ease.

Integrating External Bank Accounts

Clearing has made linking external bank accounts a simple and intuitive process that can be completed within seconds. To link your external bank account, follow the steps below.

Step 1 - Signup or Login

To link external bank accounts, first, you must log in to your Clearing account. Enter your email and password, and click the “Log In” button. If you don’t have an account yet, click the “Sign Up” button to start, enter all the required information, then continue through the signup form till completed and submitted.

Step 2 - Choose to Link External Bank Accounts

Once you’ve gained access to your Clearing account, you’ll need to navigate to the “Accounts” tab from the side menu, and click “External Bank Accounts” from within the dashboard that appears.

Step 3 - Linking an External Bank Account

After clicking the “External Bank Accounts” option, you will be redirected to your external accounts panel. Now head over to the top right corner and click the “Link an external account” option.

When you click on that option, a pop-up panel on the right will appear. Here you will be notified that Clearing uses Plaid to link the software to any bank account in the United States (US). Plaid is a very secure third party tool, that helps Clearing link existing bank accounts to the transaction feed. To proceed, simply click on the “Link account/card” option.

Now, you will be redirected to a page where you’ll have to verify that you want to connect Clearing and Plaid. To proceed simply click “Continue.”

Step 4 - Complete the Connection to your External Bank Account

Scroll through the list of external banks and choose the one you have an account with, or you can use the search bar if desired.

After choosing the external bank account, you will be asked to review the type of financial information that will be shared. To proceed, click “Allow.”

Last, you will need to enter your login credentials for the bank account. After that, click “Submit”.

Step 5 - Manage Your Bookkeeping Operations With Ease

That’s all you need to do to integrate external bank accounts in Clearing. Once you enter the login details and choose the account, you will be redirected to your Clearing dashboard. Here you’ll be able to see the account you’ve linked. You can view the account details and the available balance.

You can also click on the “Transactions” tab in the left-hand side panel and view all the transactions that have been made from that account.

Now, you’re all set to reap the benefits that Clearing has to offer!

You can log into your Clearing account, make, view, and manage all the transactions you need within a matter of seconds. Using Clearing is the start of your simple, fun, and intuitive bookkeeping automation journey.

Manage your bookkeeping operations like never before and reach unprecedented levels of excellence.

Reach out to us to learn more!

Also, stay tuned for more knowledge articles and feature updates that’ll make your bookkeeping more simple and effective.

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

Check out other articles