What Is The Difference Between "Single Payslip Payment" And "Collective Payslip Payment"?

Both options allow processing employee payments; however, there are key differences in how they work:  

Single Payslip Payment:
 Payments are processed for one employee at a time.  
 You can pay either for a single payslip title (e.g., one month's salary) or multiple pending dues for the selected employee.  
 Specific employees can be selected for payment.  
 Allows deductions for loans and advances during the payment process.  
 deal for cases requiring individual payment adjustments or customized entries.  

Collective Payslip Payment:
 Payments are processed for multiple employees simultaneously.  
 Requires selecting a bank account; all employees associated with that bank will be listed.  
 Payments are limited to a single payslip title (e.g., one month's salary) for all employees in the group.  
 Does not support loan and advance deductions.  
  Best suited for bulk payments without individual adjustments.