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

SAP Term: payment plan reversal

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Superordinate term for the search function in the payment plans component.

Smart SAP Assistant

• Key Concepts: 
  Payment plan reversal is a process in the SAP FS-CD Collections/Disbursements component that allows users to reverse a payment plan that has already been created. This process is used when a payment plan needs to be changed or canceled. 
  
  How to use it: 
  To reverse a payment plan, the user must first open the payment plan in the SAP system. Then, they must select the “Reverse” option from the menu. This will open a window where the user can enter the reason for reversing the payment plan. Once this is done, the user can click “OK” to complete the reversal process. 
  
  Tips & Tricks: 
  When reversing a payment plan, it is important to make sure that all of the necessary information is entered correctly. This includes the reason for reversing the payment plan and any other relevant information. Additionally, it is important to double-check that all of the changes have been made correctly before completing the reversal process. 
  
  Related Information: 
  For more information on payment plan reversal in SAP FS-CD Collections/Disbursements, please refer to SAP’s official documentation on this topic. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.