NetLoan 2022.1

NETLOAN VERSION 2022.1 KEY UPDATES

  • New Setup Options
    • Default Loan Payment Billing Date
    • Auto Eliminate Intercompany Loans
    • Preferred forms for reclass, vendor bill, and invoice transactions
  • Monthly Journal Processing
    • Improved UI
      • View the scheduled entries to be posted prior to running journals and select specific entries to process independently if desired
    • Custom Sourcing Record
      • Improved UI with drop-downs to select fields to source instead of IDs
      • Allocations
        • Leverage Custom Sourcing to allocate journal impacts as a portion of a certain segmentation
  • NetLoan Custom Filter Records
    • Create a custom filter for bulk processing pages
  • Reclass Journals
    • UI update for interface to reclass the current portion of the loan balance
    • Custom Reclass
  • Automated Billing / Invoicing
    • Ability to auto-generate client invoices/vendor bills in bulk based on loan payments
  • Non-Loan Payments
    • Ability to track and post any non-loan payments as loan expense/income
  • Reporting Refresh
    • All Netgain prepared reports are now available from the main menu (NetLoan > Reports > All Reports)
  • Loan Time Machine
    • Ability to roll back loans to it's previous state in previous periods
  • NetLoan Administrator Role
    • Save time on configuring roles by leveraging the NetLoan Administrator Role
  • Enforcement of subsidiary restrictions applied to roles

WHAT DO YOU NEED TO DO?

  • Ensure bundle is installed with ample time available before the next close as cutover scripts running to update fields on the schedule entry may take several hours
  • Your NetSuite Administrator should update your NetLoan bundle (Customization > SuiteBundler > Search & Install Bundles > List) with the bundle preferences outlined here
  • Update the preferred form on the NetLoan Loan record to hide unused new fields from the release
  • Reach out with questions on any of the new features
Was this article helpful?