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

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.