term settlement help what is
Meaning of settlement (ICM). What is it: addition to performance-related remuneration, flat-rate.

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Definition settlement (ICM)

SETTLEMENT (ICM) title: settlement (ICM) (SAP Library - Glossary)
SETTLEMENT (ICM) category: Incentive & Commission Management, Portfolio Assignment (ICM)
SETTLEMENT (ICM) explained:

Check for disbursement (or recall) of amounts due.

In addition to performance-related remuneration, flat-rate remuneration and guarantees are settled once they have been posted and are due. This means settlement can take place without periodic tasks, such as monthly guarantee settlements, being carried out.

Commission contract partners with multiple commission contracts receive at least as many settlements (individual listings). However these can only be paid out over the same disbursement account. It is also possible to summarize payments on one commission contract with several different items and to make these payments to one or several disbursement accounts.

Settlement information is taken from the settlement agreement. Cost account assignment is controlled by the remuneration type.

Only the due amounts from valid documents are settled together. Invalid documents are not included. If a document has not yet been settled, but is set as invalid, it will be reversed through the new calculation. In this case the document number of the newly calculated document is written to the document line item as the settlement document.

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