Unable to apply the receipts getting Error ACC DATE NOT IN OPEN PD

Error message:-

This error appears when Accounting Periods are not open in Payables

Please make sure that JAN-2024 period is open in AP:

Responsibility: Payables Manager

To open a Payables Period:

Navigation: Setup > Calendar >Accounting >Accounting periods

Update Period Status to Open – Save

After Open period we are able to apply the receipt without any error.