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

SAP Term: settlement category

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Controls how a settlement amount is applied. In the commission system, a distinction is made between the two following settlement categories: o Disbursement o Reserves

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• Key Concepts: 
  Settlement category is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the criteria for how commission payments are calculated and settled. It is used to define the rules for calculating commission payments, such as the payment frequency, payment method, and payment amount.
  
  How to use it: 
  To use the settlement category feature, users must first create a settlement category in ICM. This can be done by selecting the “Create Settlement Category” option from the ICM menu. Once the settlement category has been created, users can then define the criteria for how commission payments are calculated and settled. This includes setting the payment frequency, payment method, and payment amount.
  
  Tips & Tricks: 
  When creating a settlement category in ICM, it is important to ensure that all of the criteria are properly defined. This will ensure that commission payments are calculated and settled accurately. Additionally, it is important to review the settlement category periodically to ensure that it is up-to-date with any changes in commission payment rules or regulations.
  
  Related Information: 
  For more information on using the settlement category feature in ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.