term type procedure dunning what is
Meaning of dunning procedure type. What is it: dunning are grouped (dunning group). Depending on.

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Definition dunning procedure type

DUNNING PROCEDURE TYPE title: dunning procedure type (FS-CD) (SAP Library - Glossary)
DUNNING PROCEDURE TYPE category: Collections/Disbursements (FS-CD)
DUNNING PROCEDURE TYPE explained:

Defines how and in what way items in a contract due for dunning are grouped (dunning group). Depending on the product group, a distinction is made between single, contract and total dunning notices.

In a single dunning notice, all the items in a contract due for dunning are dunned individually and independent of one another. In other words, more than one item in a contract may be subject to dunning at the same time. In a contract dunning notice, the due items in a contract are also dunned individually. However, in contrast to the single dunning notice, there can only be one dunning notice for each contract. Only the oldest document is dunned. In a total dunning notice, all items due at the beginning of a dunning procedure and all items that become due during the procedure (as long as they do not relate to initial premiums) are dunned together in one notice. Initial premiums are dunned individually. Renewal premiums can only be dunned once their initial premiums are no longer subject to dunning. In other words, multiple items in a contract that are due can be dunned at the same time, but only one dunning letter is created

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