NetLoan - Custom Reclass Journals
Overview
A Custom Reclass Journal may be desired for specific client circumstances. This article will walk through the steps to create this custom journal entry so it will appear as an option in NetLoan > Process Monthly Transactions > Monthly Reclass Transactions.
Prior to the creation of the custom reclass record, all applicable reclass information should be entered in the NetLoan software. This includes the applicable mapping as described in the Loan Type Configuration article.
STEP BY STEP PROCESS
- In the NetSuite Search pane search for "NetLoan Reclass Journal Type" and select the first option
- Select the New NetLoan Reclass Journal Type to create the custom journal type
- Enter the applicable information on the Reclass Journal Type screen
| Field | Description |
| Name | Input a unique name to define the custom reclass |
| Post as Reversal Journal | Check this box to post as a reversal journal |
| Debit Account | Select the loan type field that contains the account to debit for the reclass amount |
| Credit Account | Select the loan type field that contains the account to credit for the reclass amount |
| Reclass Amount | Select the schedule line field populated with the reclass amount |
| Tag To | Select the schedule line field to populate with the newly created reclass journal |
- Click Save once all applicable information has been added