BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -You can add a maximum of 15 dunning levels to a dunning procedure. For each dunning level, you must assign a dunning letter template record.

Detailed explanation-2: -A dunning level rule record defines the days overdue and the outstanding amount thresholds. The number of days overdue is based on the Due Date field on the transaction record, and cannot be based on any other date field. Amounts can be defined in multiple currencies.

Detailed explanation-3: -The Dunning Procedure is assigned to each customer in the company code correspondence tab in the customer master record (only one Dunning procedure can be applied to a customer at a time). Keep in mind that Dunning Procedures are company code independent. Click on the execute icon to enter the configuration screen.

Detailed explanation-4: -What is Dunning? Dunning refers to the process of asking customers for money that they owe to the company. This usually happens when a customer doesn’t have enough funds in their account to make a purchase or their credit card has been declined. Dunning has a bad reputation with both customers and businesses.

Detailed explanation-5: -Which of the following parameters can you define within a dunning procedure? There are 2 correct answers to this question. Number of dunning levels Line item total period Line item grace period Company code.