Dunning Wizard and Interest

Hi everyone,
I have the automated dunning wizard how to guide and things seem to work fine and I get the process.
Problem is... I don't see anything after I run the wizard. No accounts receivable entry, nothing in incoming payments, nothing. It shows in history but that's pretty useless if you want to receive the interest.
Is this dunning wizard system just an escalating scare tactic? Not sure why it isn't actually adding any interest.
Also to note, does this have anything to do with the payment terms Interest % on Receivables? This field seems to do nothing.
Any help would be appreciated, no theoretical answers, hopefully someone has actually been using this process.
Thank you!
Mike

Hi Mike,
You may check SAP Note Number: 1059948 and 950583 for explanation.
Thanks,
Gordon

Similar Messages

Sorting of Dunning Wizard and Payment Wizard

Dear Development,
we have the following business situation.
1) We create a Dunning Wizard or Payment Wizard.
2) We make a printout of all selected business partner and documents in Step 5 of the DW or PW.
3) The chief decides which payments should be done.
4) We have to unslect or select the checkboxes again.
5) The problem is now, it is quite difficult to find out the correct business partner related to the printout.
We need a filter functionality or a sorting algorithm for all columns. Thanks a lot for your help.
Regards Chris

Hello Chris,
Thank you for your input. It's quite clear and reasonable. Unfortunately, sorting and filtering feature is quite difficult to implement on multi-level/hierachical grids in SAP Business One; for the time being, this logic is not supported but we will consider it for one of the next major releases.
I guess ideally the 'Find' control could help better. That we can consider as well. What do you think?
Peter Dominik
B1 Solution Management

Dunning wizard and due date

Hello
We experience something wrong after running the dunning wizard : all invoices with a due date before 31st of October are not shown...
Does anyone know how this can be corrected ? Is it due to the new year and different account period ?
Thank you

Hi,
What is your financial year setting?
Thanks,
Gordon

Dunning procedure and interest calculation

Hi All,
usually in dunning procedure, the interest is calculated on over due items based on the period from Last Dunning date to run date.
If the customer is never dunned before and this MDAT is never populated, how will the program generally calculate interest..?
Can somebody explain me on how it works..?
thankx,
Neha

Hi All,
Thanks for all answers.
When I checked table MHND, the dunning interest is calculated in such a way that it doesn't consider the previous dunned date.
Meaning :
Dunning ran on 12-01-09 interest calculated is 500.00 ( 2 docuemnst considerded from bsid as seen from table MHND )
Dunning ran on 15-01.09 interest calculated is 500.00 ( same as above)
Ideally for Dunning ran on 15-01.09 , it should not calculate interest since on 12th it is done..!!
Now queries:
1. Where can i see these interest calculated during dunning run ( any report ? ) other than table..?
2. When I see the dunning run, looks like user has made some mistakes, It shows as
           Parameters have been entered
           Dunning run carried out, job was deleted
          Dunn. printing carried out, job was deleted
3. when I try to run the single dunn. notice, and see sample print out it gives message as
Account D 0004298846 is blocked by dunning run 20090319 MDUN1
why is it so and how to resolve..?
thanks,
Neha

Dunning - Fee and Interest

Hi
I just now was surprised with the unbelievable fact that fee's and interest's from a dunning letter are not recorded. I found note 1059948 to explain. Therefore, they are not included in the next level of a dunning nor will they stay open when the invoice has been paid without fee and interest.
I am currently on 2007A. Will this be the same in 8.8? I really hope not!
Thanks
Franz

Hi Franz,
Dunning letter will not automatically post any transactions for you. You have to manually post them. I don't think this principle will be changed in any coming version.
Thanks,
Gordon

Dunning Wizard interest in BP currency

SAP 2007A.
Local currency is CAD.
Some customer's currency is USD.
Is there a when to run the dunning wizard and have SAP calculate the interest in the BP currency instead of the local currency?
In the Dunning Terms Setup window there are check boxes to select b/w original exchange rate of the invoice and exchange rate of the wizard run. So it makes sense that SAP B1 should be able to calculate the interes in the BP currency.
Also, tabla DWZ2 has field IntrstCurr (Interest currency) , which would indicate that the table is prepared to store an interest amount in a currency other than the local.

In order to calculate dunning interest in the BP currency, the dunning term has to be set up to use "Current Exchange Rate"

Error in Interest Calculation of Dunning Wizard

In our company the Local currency is USD, the system currency is CAD. I am running Dunning Wizard for a BP with two invoices past due. Both invoices are in CAD, however in the interest calculation, the interest amount is shown in USD only which does not make sense, and even when I try to change it to CAD values, it won't let me and give error msg "wrong currency".
Question:
1. What is the fix for this problem ?
2. We are in SAP B1 version 2005, SP1 patch 45. Will this problem be fixed in version 2005 latest patch (56) ? If not, will it be fixed in version 2007?
I do have a printscreen but don't know how I can upload to the thread.

Below is the answer I got from SAP support and I tested it's working. Put it here for the benefit of others who may have the same problem.
Reference: SAP Note 0000950583
Dunning Wizard displays Local Currency instead BP Currency
Symptom
When running the 'Dunning Wizard' the interest currency is always set as local currency instead of the business partners currency.
Other terms
Dunning, wizard, interest, amount, foreign, currency, local, system, LC, SC, FC, MC, display, show, present, SAP Business One
Reason and Prerequisites
Solution
Example:
Local currency: Currency A
System Currency: Currency B
BP Currency: Currency C
The currencies displayed in the Dunning Wizard Recommendation Report are defined under Administration - Definitions - Business partners - Define Dunning Terms.
Interest amount - The interest amount calculated for the invoice. The calculation is done in accordance with the defined dunning term assigned to the customer (by the remaining amount or the amount in the original document).
Use Original Exchange Rate from Invoice: The basis for interest calculation is the local currency this will display the local currency name on the Recommendation Report Dunning Wizard.
Use Current Exchange Rate: The basis for interest calculation will be in foreign currency this will display the foreign currency name on the Recommendation Report Dunning Wizard.
In addition, the interest and total sum displayed in the Dunning Wizard report will be in local currency, and all other values in foreign currency.
To display the interest amount in foreign currency on Dunning Wizard select "Use Current Exchange Rate" on "Define Dunning Terms" this will display the foreign currency name on the Recommendation Report Dunning Wizard.

Interest calculation in Dunning Wizard

Hi All,
I have a question with regard to the calculation of Interest amount via Dunning wizard.
Let us say I have a dunning term that issues Dunning Letter 1, 30 days past the due date. Dunning Letter 2 is issued 30 days past the dunning letter 1. The interest to be charged is 10% per anum.
Let us say I have an invoice of $1000. 30 days past the due date when I run the dunning wizard, it would show an interest of 8.33. As SAP does not post the interest amount automatically in the form of a journal entry, we manually pass this journal entry for receivables of $8.33.
Next time, when I run the dunning wizard after 30 days of running the first dunning wizard, I will see that the date of last dunning run is updated. When I check the Interest amount, it will show me 16.67. This interest amount is a cumulative i.e 8.33 (last dunning run) and 8.33 of this run.
Now, if we pass a journal entry for 16.67, it will be wrong as I have already passed a previous journal entry for 8.33. Is there a way we can make the system count the interest days from the last dunning run to give me the incremental interest amount of $8.33. Currently the interest days are calculated from the due date of the invoice.
Is there a UDF that can be created in the dunning wizard and can have a formatted search assigned to it?
Thank you very much for your input.
Regards,
Payal

Hi Payal,
Please check the following information from the Dunning documentation and see if it is of any help regarding your issue :
The interest will be calculated as follows:
Open Sum * Annual Interest Rate * Number of Days Overdue / (Number of days in Year * 100)
o Open Sum u2013 This value will be calculated according to the calculation method defined in the previous window (Calculate Interest Value on Remaining Sum or Calculate Interest Value on Original Sum).
o Annual Interest Rate u2013 This value is taken from the Annual Interest Rate field in the Define Dunning Terms window.
o Days Overdue u2013 The number of days that passed from date of payment as defined in the Invoice to the day of running the Dunning Wizard (see explanation on the Dunning Wizard below).
If a month passed since the defined day of payment, and a value was entered into the field Number of Days in Month (for example 30 days), this value will be taken into account as follows:
1. If the number of days in the past month was more or
less than the number of days defined in Number of
Days in Month field (for example if 31 or 29 days have
passed and 30 days were defined for a month), then the
value defined for calculation of interest will be used (in
the example above, the value will be calculated
according to 30 days and not 29 days).
2. If the number of days in the past month is less than the
number of days defined in the Number of Days in Month
field (for example if 29 days passed and 30 days were
defined for a month), the value defined for calculation of
interest will be used (in the example above, the value
will be calculated according to 30 days and not
according to 29 days).
3. If a month has not yet passed from the day of payment
and the number of days overdue is less than the
SAP Business One Dunning System in Release 2004 A
January 2005 Page 11 of 29
number of days defined for that month (for example 14
days), the calculation will be done according to the
number of days overdue (14 days), and not number of
days in a month.
Check if this helps.
Regards,
Jitin
SAP Business One Forum Team

Dunning wizard - Finance charge

Hello,
I ran the dunning wizard and printed out the dunning letter. Even though the interest is being calculated correctly [TtlopnIntr column in DWZ2 table], it does not update the BP Account Balance. Also when printing out the report, the Amount Due column in the report shows the open sum and not open sum + interest. At the BP level, I have activated the Include Interest checkbox and put in the bank interest percentages.
Could you please advise ASAP.
OR
If there is any other way to handle finance charges, please advise.
Thanks & Regards,
Bhavita
Edited by: Darius Heydarian on Mar 26, 2008 5:22 PM

Bhavita,
I'm running into the same problem also. Check out SAP note 1059948.
Symptom
When using the Dunning Wizard there has been an interest and a fee per letter defined. However, after running the wizard and printing the dunning letter with interest and a fee added to the total, it is not possible to find this balance in the business partner balance.
Other terms
business partner balance, journal entry, credit, debit, missing information, dunning level
Reason and Prerequisites
SAP Business One Functionality
A Dunning Letter has successfully been created and printed with an interest, a fee or both.
Solution
The interest/fee that is printed on the Dunning Letter will not make an entry on any account. It is only printed. If the interest/fee is paid, it should be recorded manually in the system. This is a system definition.
I have 30K plus customers - 500 of which have overdue amounts... am I supposed to manually create journal entries for all customers now? This is the dumbest thing I have ever seen in any software program ever! Don't make it look like you support a business process in a software solution when you don't. I have no idea how I'm going to try and explain this one to my customer...

Dunning wizard

Hi all,
I'm starting to use Dunning Wizard and I'm having a problem in step 5 (Recomendation Report).
In Dunning Term and in Dunning Letter Method i want "One letter per BP". Also I have selected "Apply Letter Template by Highest Level ". In Dunning Levels, I have 3 Letter templates.
I'm testing only with two costumers.
When I reach step 5 I have costumer1 with 3 Invoices and Costumer2 with 1 invoice.
I want to use Letter number 2 in both costumers. In Costumer1 I enter 2 Print Preview and no problem. Letter number 2 is printed.
In costumer2 i also enter 2 but in Print Preview letter number 1 is printed. I want letter number 2.
If the costumer has more than 1 document what I enter in the Level field is what I get in Print Preview. If the costumer has only 1 document what I enter in Level field is ignored and always letter number 1 is printed.
I think that it's not correct.
Does anybody now some workaround?
Best Regards,
Augusto Sila

Hi Gordon,
Thank you for your answer.
I don't understand this logic.
In costumer1 I have 3 Invoices and the highest level is 1. If I change to 2, this indicates that I want to print the Letter number 2, SAP B1 changes this to the Highest Level and prints letter number 2.
In costumer2 I also want to print letter number 2 but SAP B1 doesn't let me because I only have 1 document. I think this isn't correct.
I want to print letter number 2 for costumer2.
Regards,
Augusto Silva

Dunning Wizard Printouts

Hi experts,
I am running the Dunning Wizard and when I click on print preview after highlighting a certain Business Partner line, it is giving me the preview on several pages. I think that it is giving me all the invoices of all the business partners, but with the address of the Business Partner I highlight.
What settings should I have in order to print the dunning letters for each business partner separately please?
Thanks,
vankri

Hello ...
In theory the condition should open claim since Gestion -> Definitions -> Business Partner -> Terms of Reclamation
In the condition of claim should mark the check method of claim with the option A letter by SN
I hope it will help,
Best regards
Edited by: Paul Ponce on Dec 13, 2009 6:25 PM

Dunning Wizard error message

Dear All,
I have an error message with the Dunning Wizard, and cannot print any of the Dunning Letters. The error message is: 'Invalid variable number (RPT -6300) (Field F_136) Variable '452' I have already deleted this field from the layouts, but it didn't help. I have switched back the default layout forms to the predefinied 'System' types, but the error message is still there. Do you have any idea on that issue?
Thank you, Balazs

If you never deleted any fields from system PLD when you edited your PLD, it might be application error.
Thanks,
Gordon

Error with Dunning Wizards

Hi
I am using SAP B1 8.8 PL15,
When i use Dunning Wizards, system is not allow me future DueDate and
ERROR: Future Posting Date is not allowed [Message 60014-19]
for postding date am usning past date range and
am reqd future due date
any one else have this error?
is it BUG?
Nilesh Shah

Hi,
Dunning is used to create and send letters to customers that have not paid their debts within a given time range and to remind them of their overdue payments.
In this case the due date selected would be past overdue.
I tested the dunning wizard and in Step 4, the posting date and the due date cannot be after the dunning date appearing in the step 2.
Kind Regards,
Jitin
SAP Business One Forum Team

Dunning Wizard - Interest calculated

Hi Experts,
The interest tjhat the dunning wizard calculates on a specific BP, How does it get allocated to that BP balance? i.e does it automatically get added to the BP balance or do you need to go post it manually via journal entry or what?
Thank you.
Kind Regards,

Hi,
You can check Note No. : 1059948 regarding the issue mentioned by you where the your enquiry is clarified.
Hope it helps.
Kind Regards,
Jitin
SAP Business One Forum Team

Dunning wizard print layout issue.

Hi every one
I need some help regarding the dunning wizard layout. Iu2019m having an issue where the last line in layout duplicates itself 4-6 times. The weird thing is that first lines are fine but only the last one that does it.
Kind regards
Søren

Hi
I solved the problem. But the issue was when i ran the dunning wizard the layouts messed up. For example if I had a dunning letter with 3 lines (overdue documents). The last line would copy itself 4-6 times (it would show the last document 4-6times so the total lines in the dunning letter would be 7-9 lines). But I solve the issue. Somehow the attention person (which I got from the contact persons (ocrp) and not from the document contact person (oinv) ) did the issue. When i switch it to the oinv the issue was gone.
kind regards
Søren
Edited by: Bundgaard Søren Hollænder on Jan 26, 2009 9:56 AM

Dunning Wizard and Interest

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