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

SAP Term: period end date

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Date on which a period ends. The period end date is determined implicitly from the period start date of the following period. &EXAMPLE& The period start date of the current period is 01/01/2010; the period start date of the following period is 02/01/2010. The period end date of the current period is implicitly 01/31/2010.

Smart SAP Assistant

• Key Concepts: 
  The period end date in ICM Incentive and Commission Management (ICM) is the date that marks the end of a period for which commission calculations are made. This date is used to determine when commission payments should be made and when the next period of commission calculations should begin. 
  
  How to use it: 
  The period end date is set by the ICM administrator and can be changed at any time. It is important to ensure that the period end date is set correctly so that commission payments are made on time and accurate calculations are made for each period. 
  
  Tips & Tricks: 
  It is best practice to set the period end date at least one day before the actual payment date so that there is enough time to make any necessary adjustments before payments are made. 
  
  Related Information: 
  The period end date in ICM is related to other settings such as the payment cycle, payment frequency, and payment method. It is important to understand how these settings interact with each other in order to ensure accurate commission payments.