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

SAP Term: period rule

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A rule that defines the structure of a period. You define a period rule by specifying parameters for the time unit and the number of time units. The characteristics of the period rule also automatically define its periodicity. The effective start date of a period rule period rule start date defines the start of the first period and consequently the start of all following periods of this period rule. &EXAMPLE& Period rule: "Quarterly" Time unit: Monthly No. of time units: 3 Effective start: 01/01/2008 &EXAMPLE& Period rule: "Fifteenth" No. of time units: Monthly Time unit: 1 Effective start: 01/15/2008

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• Key Concepts: 
  Period rule is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the period of time in which a commission or incentive is valid. This period can be set to any length of time, such as a month, quarter, or year. The period rule also allows users to define the start and end dates for the period. 
  
  How to use it: 
  To use the period rule feature, users must first create a period rule in ICM. This can be done by selecting the “Create Period Rule” option from the ICM menu. Once the period rule has been created, users can then assign it to any commission or incentive they wish to apply it to. 
  
  Tips & Tricks: 
  When creating a period rule, it is important to consider the length of time that will be covered by the rule. For example, if a commission or incentive is only valid for one month, then it may be best to create a period rule with a start and end date that covers that month. 
  
  Related Information: 
  The period rule feature is closely related to other features of ICM such as payment rules and payment schedules. Payment rules allow users to define how payments are made for commissions and incentives, while payment schedules allow users to define when payments are made.