What is dunning interest rate in SAP SBO - SAP Business One?

SAP Term: dunning interest rate

• Component: SBO

• Component Name: SAP Business One

• Description: A late payment fee based on a percentage of the overdue amounts in unpaid invoices.

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• Key Concepts: 
  Dunning interest rate is a feature in SAP Business One (SBO) that allows users to set an interest rate for overdue payments. This rate is applied to any unpaid invoices and is used to encourage customers to pay their invoices on time. 
  
  How to use it: 
  To use the dunning interest rate feature, users must first set up the interest rate in the system. This can be done by going to the “Settings” tab and selecting “Dunning Interest Rate”. From there, users can enter the desired interest rate and save it. Once the rate is saved, it will be applied to any overdue invoices. 
  
  Tips & Tricks: 
  It is important to note that the dunning interest rate will only be applied if the invoice is overdue. Therefore, it is important to ensure that customers are aware of when their invoices are due so that they can pay them on time and avoid any additional charges. 
  
  Related Information: 
  For more information on how to use the dunning interest rate feature in SAP Business One, please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSONE/9.3/en-US/f8d7f2b6a7c14e8a9f3d2b5f1e4d7c2a.html