How To Fix 62719 - Enter interest settlement frequency for cash deposit

62719 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 719

• Message text: Enter interest settlement frequency for cash deposit

What causes this issue?

Interest on cash deposits is credited at specific times. The frequency
of credit is determined by the 'Frequency' field (for example,
monthly).

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 the frequency of payment.

Error message extract from SAP system. Copyright SAP SE.

62719 - Details

• The SAP error message 62719, "Enter interest settlement frequency for cash deposit," typically occurs in the context of managing cash deposits and interest calculations within the SAP system, particularly in the Financial Accounting (FI) or Treasury modules.
  
  Cause:
  This error message indicates that the system requires a specification of the interest settlement frequency for a cash deposit. The interest settlement frequency defines how often interest is calculated and paid on the cash deposit (e.g., monthly, quarterly, annually). If this information is not provided, the system cannot proceed with the transaction or process related to the cash deposit.
  
  Solution:
  To resolve this error, you need to specify the interest settlement frequency for the cash deposit. Here are the steps to do this:
  
  
  Access the Cash Deposit Configuration:
  
  Navigate to the relevant transaction in SAP where you manage cash deposits (e.g., transaction code FI12 for cash management or similar).
  
  
  
  Edit the Cash Deposit Details:
  
  Locate the cash deposit entry that