What is liability type in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: liability type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Defines the method of determining liability. The liability type determines the liability model and the liability period, which are used to recall remuneration partially or wholly in the event of a cancellation or reduction.

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• Key Concepts: 
  Liability type is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the type of liability associated with a particular commission plan. This feature helps to ensure that the correct amount of liability is assigned to each commission plan, and that the liability is tracked and managed properly. 
  
  How to use it: 
  To use the liability type feature, users must first define the type of liability associated with each commission plan. This can be done by selecting from a list of predefined liability types, or by creating a custom liability type. Once the liability type has been defined, users can then assign it to each commission plan. 
  
  Tips & Tricks: 
  When defining a custom liability type, it is important to ensure that all relevant information is included. This includes the name of the liability type, any applicable limits or restrictions, and any other relevant details. Additionally, it is important to ensure that the liability type is properly assigned to each commission plan in order to ensure accurate tracking and management of liabilities. 
  
  Related Information: 
  For more information on ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use ICM and its various features.