What is basic rule in SAP FIN-FSCM-COL - Collections Management?

SAP Term: basic rule

• Component: FIN-FSCM-COL

• Component Name: Collections Management

• Description: Condition that a business partner must fulfill in the collection segment in order to fulfill a collection rule. For example, basic rule BR00000002 has the name: Total of all items due since n days

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  Key Concepts: 
  A basic rule in SAP Collections Management is a set of conditions that determine how the system should process a customer account. It is used to define the criteria for when an account should be blocked, when a payment should be accepted, and when a reminder should be sent. 
  
  How to use it: 
  Basic rules are used to define the criteria for when an account should be blocked, when a payment should be accepted, and when a reminder should be sent. To create a basic rule, go to the Basic Rules tab in the Collections Management module and select “Create”. Then enter the criteria for the rule and save it. 
  
  Tips & Tricks: 
  When creating basic rules, it is important to consider all possible scenarios that could arise. This will ensure that all customer accounts are handled correctly and efficiently. 
  
  Related Information: 
  For more information on basic rules in SAP Collections Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FIN_FSCM_COL/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html