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

SAP Term: settlement document

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A document that consists of settlement items. A settlement document is generated for each settlement run and for each commission contract, settlement type and period.

Smart SAP Assistant

• Key Concepts: 
  A settlement document is a document generated by the ICM Incentive and Commission Management (ICM) module in SAP. It is used to record the details of a commission or incentive payment, such as the amount, date, and recipient. The settlement document also serves as a record of the payment for accounting purposes. 
  
  How to use it: 
  The settlement document is created when a commission or incentive payment is made. The document contains all the necessary information about the payment, such as the amount, date, and recipient. This information can then be used to track payments and ensure accuracy in accounting records. 
  
  Tips & Tricks: 
  It is important to ensure that all settlement documents are accurate and up-to-date. This will help to ensure that payments are tracked correctly and that accounting records are accurate. Additionally, it is important to keep all settlement documents in a secure location to prevent unauthorized access. 
  
  Related Information: 
  The ICM Incentive and Commission Management (ICM) module in SAP also includes other features such as commission plans, performance tracking, and reporting capabilities. These features can be used to manage commissions and incentives more effectively. Additionally, there are various third-party tools available that can be used to integrate with ICM for additional functionality.