How To Fix 62706 - Interest calculation not considered for rent deposit type &

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 706

• Message text: Interest calculation not considered for rent deposit type &

What causes this issue?

Interest calculation method must only be entered for a cash deposit.

System Response

The interest calculation method is ignored for all rent deposit types
except cash deposit.

How to fix this error?

You only have to fill in the 'interest calculation' field if the rent
deposit type is cash deposit.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62706 - Interest calculation not considered for rent deposit type & ?

  The SAP error message 62706, which states "Interest calculation not considered for rent deposit type &," typically occurs in the context of financial transactions related to rent deposits in SAP's Real Estate Management (RE-FX) module. This error indicates that the system is unable to calculate interest for a specified rent deposit type due to certain configuration or data issues.
  Causes:
  
  Missing Configuration: The rent deposit type may not be properly configured to allow for interest calculations. This could be due to missing settings in the configuration of the deposit type.
  Interest Calculation Settings: The interest calculation parameters may not be set up correctly for the specific deposit type in question.
  Deposit Type Not Supported: The deposit type being used may not support interest calculations as per the business rules defined in the system.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data related to the rent deposit type.
  
  Solutions:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for the rent deposit types in the SAP system (Transaction code: SPRO).
  Ensure that the deposit type in question is configured to allow for interest calculations. This includes checking the settings under "Real Estate Management" > "Basic Functions" > "Deposit Management" > "Define Deposit Types."
  
  
  
  Review Interest Calculation Parameters:
  
  Verify that the interest calculation parameters are correctly defined for the deposit type. This includes checking the interest rate, calculation method, and any other relevant settings.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to the specific version of SAP you are using to understand the requirements for interest calculations on rent deposits.
  
  
  
  Check Master Data:
  
  Ensure that all relevant master data (e.g., contract details, tenant information) is complete and accurate. Missing or incorrect data can lead to issues with interest calculations.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to see if the error persists. This will help confirm whether the issue has been resolved.
  
  
  
  Consult SAP Support:
  
  If the issue continues after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration or version.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (Contract Management), REIS (Investment Management), and others that may be involved in managing rent deposits.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional context or solutions.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.