I receive an error message that says it can't find the backup disk
Unfortunately, erasing the disk is probably not going to help your Mac find the disk on the Time Capsule, so the first task is to get your Mac connecting to the Time Capsule disk.
The disk on the Time Capsule is named "Data" by default.....unless you have manually changed the name of the device.
Click on the Time Machine "clock" icon at the top of the Mac's screen
Click on Open Time Machine Preferences
Click on Select Disk
Look to see if Data appears as disk
If yes, click it to select it, then click Use Disk
Power off the Time Capsule
Restart your Mac
Power the Time Capsule back up again
Time Machine can now find the Data backup disk and run a backup
I only use the Airport Extreme Time Capsule for storage (these backups) and as a hub to connect a couple of things
Time Machine cannot run unless it can find the backup disk on the Time Capsule, no matter whether the Time Capsule is used as a router or a simple storage device.