What is dunning procedure level in SAP FI - Financial Accounting?

SAP Term: dunning procedure level

• Component: FI

• Component Name: Financial Accounting

• Description: A rule that defines the type of dunning that is performed by a certain dunning procedure, and the conditions that trigger that procedure.

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• Key Concepts: 
  A dunning procedure level is a feature of SAP Financial Accounting (FI) that allows users to define the criteria for when and how dunning notices should be sent out. Dunning notices are sent out to customers who have overdue payments, and the dunning procedure level determines the frequency and severity of the notices. 
  
  How to use it: 
  In order to use the dunning procedure level, users must first define the criteria for when and how dunning notices should be sent out. This includes setting up a dunning procedure, which defines the number of days after an invoice is due that a dunning notice should be sent out, as well as the severity of the notice. Once this is done, users can assign a dunning procedure level to each customer in order to determine when and how dunning notices should be sent out. 
  
  Tips & Tricks: 
  When setting up a dunning procedure, it is important to consider the customer’s payment history and preferences in order to determine the most appropriate frequency and severity of the notices. Additionally, it is important to ensure that all customers have a valid dunning procedure level assigned in order for them to receive dunning notices. 
  
  Related Information: 
  For more information on setting up a dunning procedure level in SAP Financial Accounting (FI), please refer to SAP Help documentation.