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

SAP Term: interim period

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: A specific form of the broken period that describes the timeframe between the contract start date and billing start date. It is 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 half a month 01/15 - 02/01/07 and is therefore referred to as an interim period.

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• Key Concepts: 
  Interim period is a term used in SAP CRM Leasing and Asset Management (CRM-LAM) to refer to the period of time between two lease payments. During this period, the lessee is responsible for making payments on the lease and the lessor is responsible for providing the leased asset. 
  
  How to use it: 
  In SAP CRM-LAM, interim periods are used to track the payments made by the lessee and the assets provided by the lessor. The system will calculate the amount due for each interim period based on the terms of the lease agreement. The system will also track any changes in the terms of the lease agreement during an interim period. 
  
  Tips & Tricks: 
  When setting up an interim period in SAP CRM-LAM, it is important to ensure that all of the terms of the lease agreement are accurately entered into the system. This will ensure that all payments and assets are tracked correctly and that any changes in terms are accurately reflected in the system. 
  
  Related Information: 
  Interim periods are a key component of SAP CRM-LAM and are used to track payments and assets associated with a lease agreement. It is important to ensure that all of the terms of a lease agreement are accurately entered into SAP CRM-LAM in order to ensure accurate tracking of payments and assets.