What is commission contract start date in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: commission contract start date

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Legal commencement date of a commission contract.

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• Key Concepts: 
  The commission contract start date is a field in the ICM Incentive and Commission Management (ICM) component of SAP. It is used to define the start date of a commission contract, which is an agreement between a company and its sales representatives that outlines the terms of their commission payments. 
  
  How to use it: 
  The commission contract start date is used to set the beginning of a commission contract. This field must be filled out in order for the contract to be valid. The start date should be set to the date that the contract was signed by both parties. 
  
  Tips & Tricks: 
  It is important to ensure that the commission contract start date is accurate, as this will affect the accuracy of any commission payments made. It is also important to keep track of any changes made to the start date, as this could affect any future payments. 
  
  Related Information: 
  The commission contract start date is related to other fields in the ICM component, such as the end date, payment frequency, and payment amount. It is also related to other components of SAP, such as Sales and Distribution (SD) and Financial Accounting (FI).