A clearing account is a temporary account containing costs or amounts to be transferred to another account. Funds sit in a clearing account for a temporary period until they can be moved where they belong.
It can be necessary to change owner of a property from one person to another, this would typically be done when a property is sold.
Not all bookings will be fully paid by the time the period the booking checks out in is closed.
It is possible to create journal entries inside RoomBoss by a direct upload from Excel.
It is possible for the account Master User to set different levels of permission for each user of your RoomBoss account, you can see more on general user permissions here.
This page gives an overview of the RoomBoss trust accounting module basic operations.