What is broken period in SAP CRM-LAM - CRM Leasing?

SAP Term: broken period

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: A period in the payment schedule with a different length than regular periods. It can be shorter or longer than the regular period. Broken periods can occur at the start, in the middle, or at the end of a payment schedule. An interim period is a specific form of the broken period that describes the timeframe between the contract start date and billing start date. It is therefore always at the start of the payment schedule. &EXAMPLE& Contract start date: 01/15/07 Billing start date: 02/01/07 Contract end date: 02/01/09 Contract duration: 24 months If the periods are arranged monthly, the regular period is one month long 02/01 - 03/01; 03/01 - 04/01; and so on. The period at the start of the payment schedule is only half a month 01/15 - 02/01/07 and is therefore referred to as a broken period. This example concerns an interim period.

Smart SAP Assistant

• Key Concepts: 
  Broken period is a term used in SAP CRM Leasing and Asset Management (CRM-LAM). It refers to a situation where the start and end dates of a lease contract do not match the start and end dates of the corresponding accounting period. This can occur when a lease contract is created or modified after the accounting period has already begun. 
  
  How to use it: 
  When creating or modifying a lease contract, it is important to ensure that the start and end dates of the contract match the start and end dates of the corresponding accounting period. If this is not possible, then a broken period will occur. In this case, it is necessary to adjust the accounting entries accordingly. 
  
  Tips & Tricks: 
  It is important to be aware of broken periods when creating or modifying lease contracts. This will help to ensure that all accounting entries are accurate and up-to-date. 
  
  Related Information: 
  For more information on broken periods in SAP CRM Leasing and Asset Management, please refer to the official SAP documentation.