What is 'commission account' in SAP ICM - Incentive and Commission Management (ICM)?

commission account - Overview

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management View of a number of line items. All the document data belonging to a commission contract makes up the commission account. The commission account contains both open and cleared items, and forms a central data pool for the individual commission contracts for the purpose of valuation.

commission account - Details

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  Key Concepts: 
  A commission account is a type of account used in SAP ICM Incentive and Commission Management. It is used to store and track the commission payments made to sales representatives or other employees. The commission account is linked to the employee’s master data, and the commission payments are tracked in the commission account. 
  
  How to use it: 
  The commission account is used to track the commission payments made to sales representatives or other employees. The commission payments are tracked in the commission account, and the employee’s master data is linked to the commission account. The commission payments can be tracked by date, amount, and type of payment. 
  
  Tips & Tricks: 
  When setting up a commission account, it is important to ensure that all of the necessary information is included in the account. This includes the employee’s name, address, and contact information, as well as any other relevant information such as payment terms and conditions. 
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) is a comprehensive solution for managing incentive and commission payments. It provides a range of features such as automated payment processing, reporting, and analytics. It also provides tools for tracking commissions and managing incentive programs.