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

period start date - Overview

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Date that defines the start of a period. The period start date marks the end of the previous period.

period start date - Details

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  Key Concepts: 
  The period start date in ICM Incentive and Commission Management (ICM) is the date that marks the beginning of a period for which commission calculations are made. This date is used to determine when commission payments should be made and when commission calculations should be completed. 
  
  How to use it: 
  The period start date is set by the ICM administrator and can be changed at any time. It is important to ensure that the period start date is set correctly, as it will affect the accuracy of commission calculations. The period start date should be set to the first day of the month or quarter that you wish to begin calculating commissions for. 
  
  Tips & Tricks: 
  It is important to ensure that the period start date is set correctly, as it will affect the accuracy of commission calculations. It is also important to ensure that all relevant data is entered into ICM before setting the period start date, as this will ensure that all commission calculations are accurate. 
  
  Related Information: 
  For more information on setting the period start date in ICM, please refer to the ICM Incentive and Commission Management User Guide.