User:Telecoknots

Dunning:

Dunning refers to all of those processes which are related to collecting funds from customers who have yet not paid their due payment. This process is also known as 'Late Payment Management'

Dunning process include:

• Collections Aging Tracking This is the process of keeping track of the customer invoices that have not been paid within the specified payment period. Collections aging deals with “age buckets” of invoices (i.e. invoices that are 0-30 days overdue, 30-60 days overdue etc.)

• Dunning Treatment Queue Management Dunning is the process of investing the efforts (phone calls, letters, SMS, etc.) in trying to get customers to pay the money that they owe.

• Post invoice period adjustments Post invoice is generated adjustments are made, attimes these adjustments might tend to be larger, and could involve larger sums of money and may create a huge difference.

• Dunning accounting Application of late funds collected. --Telecoknots (talk) 11:05, 28 July 2009 (UTC)