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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62719 - Enter interest settlement frequency for cash deposit ?

  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 is causing the error.
  Check the fields related to interest settings.
  
  
  
  Enter the Interest Settlement Frequency:
  
  Find the field for "Interest Settlement Frequency" and enter the appropriate value (e.g., monthly, quarterly, etc.).
  Ensure that the frequency aligns with your organization's financial policies and practices.
  
  
  
  Save Changes:
  
  After entering the required information, save the changes to the cash deposit record.
  
  
  
  Re-attempt the Transaction:
  
  Once the interest settlement frequency is set, try to execute the transaction again that previously resulted in the error.
  
  
  
  Related Information:
  
  
  Configuration Settings: The interest settlement frequency can often be configured in the system settings. If you have access, you may want to check the configuration settings in the Financial Accounting or Treasury module to ensure that default values are set correctly.
  
  
  Documentation: Refer to SAP documentation or help files for more detailed information on managing cash deposits and interest calculations.
  
  
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to cash deposit records and configurations.
  
  
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting SAP Notes for any known issues or patches related to this error message.
  
  
  By following these steps, you should be able to resolve the error message 62719 and proceed with your cash deposit transactions in SAP.