No entry in table TE305 for key &1 &2 &3 &4

What causes this issue?

The system could not find an entry in table <LS>transactions for company
code and division</> (TE305) for the keys: Company code (&V1&),
division (&V2&), main transaction (&V3&) and subtransaction (&V4&).

System Response

Processing is terminated.

How to fix this error?

Maintain the required entries in the table TE305 before restarting the
program.

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.