Start and end date must correspond to the pay date

What causes this issue?

The payroll run is valid for one day only. If you enter a new payment
method for this payroll run, the validity period for this payment
method must match the payment date of the payroll run. This is because
the information specified here is used to create a record for the Bank
Details infotype.

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?

Correct the validity period of the payment information so that it
corresponds to the payment date.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.