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

SAP Term: settlement item

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Indicates, from a business point of view, the remuneration entitlement that is released for payment on a specific date. Technically, the settlement item is implemented as a due line item. A settlement item can have either of the following statuses: To be settled Already settled

Smart SAP Assistant

• Key Concepts: 
  Settlement item is a term used in SAP ICM Incentive and Commission Management (ICM). It is a type of transaction that is used to settle the commission or incentive payments between the company and its sales representatives. The settlement item contains all the necessary information about the payment, such as the amount, date, and type of payment. 
  
  How to use it: 
  In SAP ICM, settlement items are created when a commission or incentive payment is made. The settlement item contains all the necessary information about the payment, such as the amount, date, and type of payment. This information is then used to generate a report that can be used to track payments and ensure accuracy. 
  
  Tips & Tricks: 
  When creating a settlement item in SAP ICM, it is important to ensure that all the necessary information is included. This includes the amount, date, and type of payment. Additionally, it is important to double-check that all the information is accurate before submitting the settlement item. 
  
  Related Information: 
  Settlement items are just one part of SAP ICM Incentive and Commission Management. Other features include commission plans, incentive plans, and reporting tools. These features can be used to manage commissions and incentives more effectively and efficiently.