BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dunning Interval
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Dunning key
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Dunning procedure
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Dunning block
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Dunning area
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Detailed explanation-1: -Dunning blocks enable you to prevent an account or an item from being dunned. Enter a blocking key in the field Dunning block in the master record or in the item. There are texts stored for the blocking keys; these explain the reason for the block (see the figure below, (1) ).
Detailed explanation-2: -The dunning process in SAP Business One helps you monitor customer payments, track payment history, and send letters to customers with overdue invoices. You define when to send letters for overdue invoices. Each date you set, for example, 30, 60, and 90 days overdue, is called a dunning level.
Detailed explanation-3: -For each dunning procedure, you must define at least one dunning level. The maximum number of dunning levels permitted is nine.
Detailed explanation-4: -You enter data on business partners with whom your company has a business relationship in master records. Master records contain all data necessary for processing business transactions. This is known as master data.