What is offsetting function of settlement schedules in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: offsetting function of settlement schedules

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A function that offsets two related settlement schedules.

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• Key Concepts: 
  The offsetting function of settlement schedules in SAP ICM Incentive and Commission Management (ICM) is a feature that allows users to offset the amount of a commission payment against an invoice. This feature helps to ensure that the commission payment is accurate and that the invoice is paid in full. 
  
  How to use it: 
  To use the offsetting function of settlement schedules in SAP ICM, users must first create a settlement schedule. This schedule will include the details of the commission payment, such as the amount, date, and type of payment. Once the schedule is created, users can then select the “Offset” option from the menu. This will allow them to select an invoice to offset against the commission payment. 
  
  Tips & Tricks: 
  When using the offsetting function of settlement schedules in SAP ICM, it is important to ensure that all invoices are accurately entered into the system. This will help to ensure that all payments are accurate and that all invoices are paid in full. Additionally, it is important to double-check all entries before submitting them to ensure accuracy. 
  
  Related Information: 
  For more information on using the offsetting function of settlement schedules in SAP ICM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.