Hi,
Version 4.7 does not currently have the capability to restore .nrbak files.
When you used the "Check for New Versions" link, the following screen was displayed:

You would only have been able to download version 4.7 if you clicked the first option.
If you have a backup file that you would like to restore, please uninstall version 4.7.7 and use your original NeatWorks CD.
Mike Landis
The Neat Company