Moneylender Professional's Time Machine: Auto-Generate Payment History Tool

With Moneylender Professional 2 loan servicing software, the past isn't static. Maybe you've taken over a loan that's current, but you're missing documentation. Perhaps you have a non-standard loan, or you discover you've made some mistakes entering data. In any case, you can go back as far as necessary to adjust payments. The Auto-Generate Payment History Tool (on the Tools menu) adds as many payment records as you need.

Choose the date you want the modification to begin ("First Day for New Payments"), whether it's at the start of a loan or somewhere along the way. Then you have two choices:

·       Identify the last date for the changes. Note that this date is included in the changes.

·       Set a total number of payments that advance from the starting date.

Finally, indicate the payment amount. Again, you have choices:

·       The regular payment amount already set for the loan

·       A different amount you input

Once you have the history, you can still go back into the loan to manage individual payments, if necessary. The Auto-Generate Payment History Tool is a quick and handy way to get a complete past record. Use it as is or as a starting point. Either way, it helps you save time and maintain accurate records… two real assets in the business world.