How To Fix 62707 - Monthly frequency not considered for rent deposit type &

62707 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 707

• Message text: Monthly frequency not considered for rent deposit type &

&CAUSE& WHAT_TO_DO&
Monthly frequency for interest calculation must only be entered for
cash deposit.

System Response

The frequency is ignored for all rent deposit types except cash
deposit.

How to fix this error?

You only have to fill in the 'Frequency in months' 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 62707 - Monthly frequency not considered for rent deposit type & ?

  The SAP error message "62707 Monthly frequency not considered for rent deposit type &" typically occurs in the context of managing rental agreements or lease contracts within the SAP system, particularly when dealing with rent deposits. This error indicates that the system does not recognize the specified rent deposit type for monthly frequency calculations.
  
  Cause:
  
  Configuration Issue: The rent deposit type may not be configured to support monthly frequency in the system settings. This could be due to missing or incorrect settings in the configuration of the rental agreement or lease management module.
  Data Entry Error: The rent deposit type may have been incorrectly entered or selected in the transaction, leading to a mismatch with the expected frequency settings.
  Incompatibility: The specific rent deposit type may not be compatible with the monthly frequency due to business rules or system constraints.
  
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for the rent deposit types in the SAP system