What is payment plan item in SAP FS-CD - Collections/Disbursements?

SAP Term: payment plan item

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Item in the payment plan that is used as the basis for the amounts to be posted in the debit entry. A payment plan item contains all important information, such as: Amount Validity period Document data Account assignments By using payment plan keys to split the payment plan items, the debit entry creates payment plan subitems with the amounts to be posted.

Smart SAP Assistant

• Key Concepts: 
  A payment plan item is a component of the Financial Services Collections and Disbursements (FS-CD) module in SAP. It is used to define the payment terms for a customer or vendor, such as the payment amount, due date, and payment method. The payment plan item also stores information about the payment status, such as whether it has been paid or not. 
  
  How to use it: 
  Payment plan items can be created in SAP by navigating to the FS-CD module and selecting the “Create Payment Plan Item” option. This will open a form where you can enter the details of the payment plan item, such as the customer or vendor name, payment amount, due date, and payment method. Once all of the information has been entered, you can save the payment plan item. 
  
  Tips & Tricks: 
  When creating a payment plan item in SAP, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that payments are made on time and that customers or vendors are not overcharged. Additionally, it is important to regularly review and update existing payment plan items to ensure that they remain accurate. 
  
  Related Information: 
  For more information about using the FS-CD module in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this module.