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Maintain Minimum Amounts
Chapter 15 ■ Defining the Dunning Procedure and Correspondence
You set minimum dunning amounts per dunning level to stop the system from triggering high dunning
levels for insignificant amounts. You can do this by specifying a minimum amount or minimum percentage
rates for each dunning level. The dunning program will check the open item to see if it is to be dunned. If
the amount due on the open item is less than the minimum amount, the dunning program will exclude it
from the dunning. But if the open item exceeds the minimum amount or the minimum percentage rate, the
system will dun the open item. The system will also check your specifications to determine the minimum
amount on which interest is applied.
Click the
button (circled in Figure 15-3) at the top of the Maintain
Dunning Procedure: Charges screen to go to the Maintain Dunning Procedure:
Minimum amounts screen. The Minimum Amounts dialog box pops up. Enter your
company country currency key (for example, GBP) in the Currency field on the
dialog box and click the Enter button to confirm the currency you are using. The
Maintain Dunning Procedure: Minimum amounts screen is displayed (Figure 15-4).
Figure 15-4. Specifying the of minimum amount and minimum amount for interest for each dunning level
When the minimum amount or percentage is reached or exceeded in respect to all open items, the
system will trigger the next upper dunning level. If the specified minimum amount or minimum
percentage is not reached, the system will automatically assign the items to the next lower level and
carry out another check.
■■Note
You can specify either a minimum amount or a minimum percentage to your dunning procedure.
You cannot use both at the same time.
Click the Enter
button to confirm.
The next step is to specify the dunning texts you want to use for each dunning level.
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