Revenue accounting period setting not defined for CoCd &1 AcctPr. &2

What causes this issue?

In the Revenue Accounting Period settings, no items are defined for the
combination of company code &V1& and accounting principle &V2&.

System Response

The system cannot proceed to create a reconciliation key for certain
revenue-related transactions.

How to fix this error?

Check the
<DS:SIMG.FARR_CLOSE>Open and Close Revenue Accounting Periods</>
settings in Customizing and make sure the corresponding combinations of
company code and accounting principle are assigned a value.

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.