What is due date in arrears in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: due date in arrears

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Date and time on which the settlement originating in Incentive and Commission Management is started in the respective settlement system FI, HR, FS-CD.

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• Key Concepts: 
  Due date in arrears is a term used in SAP ICM Incentive and Commission Management. It refers to the date on which a payment is due after the completion of a task or service. This date is usually set by the customer or vendor and is based on the terms of the agreement between them.
  
  How to use it: 
  In SAP ICM, due date in arrears is used to determine when payments are due for services rendered. The due date can be set by the customer or vendor and is based on the terms of the agreement between them. The due date can be set manually or automatically, depending on the customer’s preferences.
  
  Tips & Tricks: 
  When setting up due dates in arrears, it is important to ensure that all parties involved are aware of the terms of the agreement. This will help to avoid any misunderstandings or disputes that may arise from incorrect payment dates. Additionally, it is important to ensure that all payments are made on time to avoid any late fees or penalties.
  
  Related Information: 
  Due date in arrears is just one of many features available in SAP ICM Incentive and Commission Management. Other features include commission calculation, incentive calculation, and performance tracking. Additionally, SAP ICM provides a comprehensive suite of reporting tools to help customers track their performance and make informed decisions about their incentive and commission programs.