How To Fix 65244 - Compound interest calculation allows only day method act

65244 - Overview

• Message type: E = Error

• Message class: 65 - Securities class data

• Message number: 244

• Message text: Compound interest calculation allows only day method act

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 65244 - Compound interest calculation allows only day method act ?

  The SAP error message 65244, "Compound interest calculation allows only day method act," typically occurs in the context of financial transactions involving interest calculations, particularly when dealing with compound interest in SAP's Financial Accounting (FI) or Treasury modules.
  
  Cause:
  This error arises when the system is configured to use a method of interest calculation that is not compatible with the compound interest settings. Specifically, it indicates that the interest calculation method being used does not align with the requirements for compound interest calculations, which typically require a day-based method.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Interest Calculation Method:
  
  Navigate to the relevant configuration settings in SAP (usually found in the Financial Accounting or Treasury modules).
  Verify the interest calculation method assigned to the relevant financial transaction or account. Ensure that it is set to a day-based method, which is compatible with compound interest calculations.
  
  
  
  Adjust Configuration:
  
  If the current method is not suitable,