Failed to terminate accrual subobject prematurely for &1.

What causes this issue?

The review or approval process is activated for combination: company
code &V2&/accrual item type &V3&/ledger group &V4&.

System Response

It is allowed to set an accrual subobject as premature finished when all
accrual items types of the subobject meet one of the following
conditions:
No need of closing posting
Closing posting is configured while review or approval is not activated

How to fix this error?

Change the accrual item type settings in customizing view
<DS:SIMG.VC_TACE_ITEMTY>Define Accrual Item Types.</>

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.