NetLoan - Time Machine Loans

Use Case: Circumstances may require a current loan record to be completely refreshed or reverted back to a prior period. NetLoan has a function called Time Machine that will cause all the journal entries to be deleted through the selected period.

STEP BY STEP PROCESS

Navigate to NetLoan > NetLoan Setup > Time Machine

Optional: Enter any desired filters to narrow down the results to a subset of loans and wait for the page to refresh. Note: if there are more than 1,000 loans in the Loans to Rewind list, Mark All will be auto-selected and cannot be unselected. If you would like to individually check the box for specific loans, filters will need to be applied to reduce the Loans to Rewind count to less than 1,000.
- See article on how to update the Flagged for Mass Update field on records and utilize the check box filter.
Required: Select a From Period
- A Full Rewind will PERMANENTLY delete all transactions and flip the status of the loan back to pending. In a pending status, all fields on the loan record are editable.
- Providing a period will PERMANENTLY delete all transactions on or after this period and revert the loan back to how it was at the beginning of the period.
Optional: Select a loan refreshing option:

Option	Description
Regenerate Schedules	Check this box to trigger the re-generation the amortization schedules following the refresh.
Delete Payments	Check this box to delete all the custom payment records of all selected loans as part of the refresh.
Delete Bills	Check this box to delete all the vendor bills generated from all selected loans as part of the refresh.
Delete Loans	Check this box to delete all selected loans as part of the refresh.

Once the desired loans are selected, click the Submit button.
A warning box will appear prompting you type "CONFIRM". This is a safeguard in order to proceed. As this is an action that cannot be undone, make sure that you have selected the correct loans and are sure you wish to permanently delete all journal entries associated with that loan from the selected period. Once you have confirmed, type "CONFIRM" and hit OK.

Continue to click Refresh until the status shows Complete. You will see a list of your Updated Loans.

Click the hyperlink of a refreshed loan to see the updated loan record.

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