What is 'one-time payment' in SAP FS-CD - Collections/Disbursements?

one-time payment - Overview

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Payment plan item that is due once, and which payment plan control does not distribute to multiple installments.

one-time payment - Details

• 
  Key Concepts: 
  A one-time payment is a payment made to a vendor or customer that is not part of a recurring payment schedule. It is a single, lump sum payment that is made to settle an obligation or debt. In the SAP Financial Services Collection and Disbursement (FS-CD) component, one-time payments are used to process payments that are not part of a regular payment cycle. 
  
  How to use it: 
  In the FS-CD component, one-time payments can be created and processed in the Payment Management application. To create a one-time payment, select the “Create One-Time Payment” option from the Payment Management menu. Enter the necessary information such as the payee, amount, and payment method. Once all of the information has been entered, click “Submit” to process the payment. 
  
  Tips & Tricks: 
  When creating a one-time payment in the FS-CD component, it is important to double check all of the information before submitting it. This will ensure that the payment is processed correctly and without any errors. Additionally, it is important to keep track of all one-time payments in order to ensure that they are properly accounted for in the system. 
  
  Related Information: 
  For more information on how to use one-time payments in the FS-CD component, please refer to SAP’s official documentation on Payment Management. Additionally, there are several online tutorials and videos available that provide step-by-step