Legacy data transfer date &1 is in a closed fiscal year

What causes this issue?

The legacy data transfer date &V1& is before the end of the last closed
fiscal year. This is <ZH>not</> allowed.
In company code &V2&, the last closed fiscal year is &V3&. The last day
of the last closed fiscal year is &V4&.
Background:
With the legacy data transfer date, you define with which status of
posting the legacy data transfer takes place. You also define whether
you want to perform the transfer during the year (with the transfer of
posted transactions and depreciation of the current fiscal year) or at
the end of the year.
For more information, see the field help about the
<DS:DE.DATE_T093C>transfer date</>.

System Response

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

How to fix this error?

Please enter a legacy data transfer date later than the last day of the
last closed fiscal year (&V4&).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.