How To Fix 62718 - Enter interest calculation method for cash deposit

62718 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 718

• Message text: Enter interest calculation method for cash deposit

What causes this issue?

The system determines the interest accrued for a cash deposit. The
method for interest calculation is required for this.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a interest calculation method.

Error message extract from SAP system. Copyright SAP SE.

62718 - Details

• The SAP error message 62718, "Enter interest calculation method for cash deposit," typically occurs in the context of financial transactions involving cash deposits in SAP. This error indicates that the system requires a specific interest calculation method to be defined for the cash deposit transaction you are trying to process.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Configuration: The interest calculation method for cash deposits has not been configured in the system.
  Incomplete Data Entry: The user may not have entered the required information in the relevant fields when processing the cash deposit.
  Master Data Issues: The master data for the cash deposit account may not have the necessary settings for interest calculation.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (transaction code SPRO).
  Navigate to the relevant area for cash management or treasury management.
  Ensure that the interest calculation methods are defined