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

SAP Term: settlement schedule sequence

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management All settlement schedule items belonging to the "sequence" of a settlement schedule. We talk about a settlement schedule sequence in the following cases: The settlement scheduling of a remuneration entitlement is recalculated Or An existing schedule has to be reset because the remuneration entitlement has been changed, thus calling for a rescheduling of the settlement The balance of all amounts and quantities for settlement schedule items in a sequence is subject to the following rules: Balance = 0 for invalid remuneration rows if they are not a liable remuneration in a liability case Balance = remuneration entitlement of the remuneration line in all other cases that is ready for disbursement If you reset a settlement schedule sequence that does not have any items, and for which a due date was already created, it is deleted completely.Gaps may arise in the number sequence of the settlement schedule sequence.

Smart SAP Assistant

• Key Concepts:
  Settlement schedule sequence is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define the order in which settlement schedules are processed. It is used to ensure that the correct settlement schedules are processed in the right order, and that all relevant data is taken into account.
  
  How to use it:
  To use the settlement schedule sequence, users must first define the order in which settlement schedules should be processed. This can be done by creating a sequence of settlement schedules, with each schedule having a unique identifier. Once the sequence has been defined, users can then assign each settlement schedule to a specific sequence number. This will ensure that the correct settlement schedules are processed in the right order.
  
  Tips & Tricks:
  When creating a settlement schedule sequence, it is important to ensure that all relevant data is taken into account. This includes any changes to commission rates or other parameters that may affect the calculation of commissions. Additionally, it is important to ensure that all settlement schedules are assigned to the correct sequence number, as this will ensure that they are processed in the right order.
  
  Related Information:
  For more information on how to use the settlement schedule sequence feature of SAP ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.