Q&A Café: Running Dunning Balance Confirmations inside SAP Business ByDesign
Series: Managing your cash There are a number of collection tools available to users inside SAP Business ByDesign. Best practice is to run the Balance Confirmation at prescribed intervals to provide an overview of outstanding Receivables or Payables. These confirmations can be used internally for cash management protocols, or they can trigger an output to the business partner. Receivables confirmations serve as collection reminds. Payable confirmations allow your suppliers to validate accuracy between their records and yours. In addition you can running Dunning Letters as a form of collection demand with progressive letters depending on age of receivable. Attendees: This session is of interest to Accounting Staff, especially those in Accounts Receivables, and Collections as well as for sales staff. This session however is open to anyone that is curious about how collection reporting works within SAP Business ByDesign. Learning Objective: AP and AR staff will feel confident understanding how to run the balance confirmation job. How to update master data to impact communication protocols with your business partners.
