Question

There are four dunning program steps that can be performed during the automatic dunning procedure as follows: Arrange these steps into the correct sequence.

There are 3 correct answers to this question.

1) Maintain the parameters.
2) Schedule the dunning run.
3) Start the dunning printout.
4) Change the dunning proposal.

Answer 1

The correct sequence of steps for the automatic dunning procedure is to: 1) Maintain the parameters, 2) Schedule the dunning run, 3) Change the dunning proposal, and 4) Start the dunning printout.

Step-by-step explanation:

Steps in Automatic Dunning Procedure

The automatic dunning procedure involves a sequence of steps to efficiently manage accounts receivable and to remind customers of their payment obligations. The correct order to perform these steps during the automatic dunning process is as follows:

1. Maintain the parameters: This is the initial setup stage, where the dunning program is configured with the necessary data.
2. Schedule the dunning run: After setting the parameters, the dunning run is scheduled to process accounts that meet the dunning criteria.
3. Change the dunning proposal: Before sending out notices, the dunning proposal generated by the system can be reviewed and altered if necessary.
4. Start the dunning printout: Finally, the dunning notices are printed or sent electronically to customers based on the altered or approved dunning proposal.

This sequence ensures accuracy and appropriateness in communicating with customers about their due payments.