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Former Member
Sep 25, 2010 at 03:54 AM

Dunning and Payment Terms

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Hello Gurus,

I am working on Dunning procedures. We have a Dunning procedure at 3 levels - 30, 60 and 90 days.

The requirement is to have a 15 days grace period. The dunning letters need to be printed taking into affect grace period and it should be done at 46, 76 and 106 days. So far this to happen, I think the payment terms should be Net 15 days. ( I guess the DUnning procedure grace period will not help for this ).

Can you please suggest if this is correct i.e., the Payment terms should be 'Net 15 days' for the Customers for whom the Dunning is to be run. If the Payment terms is 'Payable immediately' than the Dunning happens at 30, 60 and 90 days. Can you please confirm if this is how the system should behave.

Thanks,

SNK.