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

SAP Error Message - Details

• 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 (usually found in the IMG under Real Estate Management).
  Ensure that the rent deposit type in question is configured to allow for monthly frequency. This may involve adjusting settings or creating a new deposit type that supports monthly frequency.
  
  
  
  Review Data Entry:
  
  Verify the entries made in the transaction where the error occurred. Ensure that the correct rent deposit type is selected and that it aligns with the expected frequency.
  If necessary, correct the entries and try processing the transaction again.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to rent deposit types and their configurations. This can provide insights into any specific requirements or limitations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data entry, consider reaching out to SAP support for further assistance. They may provide additional insights or patches if this is a known issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for managing rental agreements, such as RECN (Real Estate Contract Management) or RE80 (Display Real Estate Object).
  SAP Notes: Check for any SAP Notes related to this error message. SAP Notes often contain fixes, workarounds, or additional information about known issues.
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed. Other users may have encountered the same error and can share their solutions.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.