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

SAP Term: period

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A unit that divides up a business year into more or less equal sections. There is no gap to separate periods. A period starts with a time-spot. This date is called the start date. Periods are defined as intervals that are open to the right. The end of a period is identified by the start date of the next period selection date.

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• Key Concepts: 
  A period in ICM Incentive and Commission Management (ICM) is a defined time frame in which a commission plan is active. It is used to define the start and end dates of a commission plan, as well as the frequency of payments. The period also determines when commission payments are made and when adjustments are made to the plan. 
  
  How to use it: 
  In ICM, periods are used to define the start and end dates of a commission plan. This allows users to set up different plans for different time frames. For example, a company may have a plan that runs from January 1st to December 31st, and another plan that runs from April 1st to March 31st. Periods can also be used to define the frequency of payments, such as monthly or quarterly. 
  
  Tips & Tricks: 
  When setting up a period in ICM, it is important to ensure that the start and end dates are accurate. This will ensure that commission payments are made on time and that adjustments are made correctly. Additionally, it is important to consider the frequency of payments when setting up a period. This will ensure that commission payments are made at the correct intervals. 
  
  Related Information: 
  For more information on setting up periods in ICM Incentive and Commission Management, please refer to the SAP Help Portal or contact your local SAP representative.