Venture & Does not Exist for Company &

What causes this issue?

venture table (table T8JV)

System Response

Processing cannot continue until the venture is created for the current
company.

How to fix this error?

Verify that the venture entered exists on the JV venture table for the
current company. The menu path is: JV Accounting -> Master data ->
Joint venture.

Error message extract from SAP system. Copyright SAP SE.