Posting period management by company code is not active.

What causes this issue?

The business function <LS>Manage Posting Periods by Business Transaction
Type and Closing Step</> (<NP>FINS_PERIOD_CTRL_BY_BTTYPE</>) is not
active.

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?

You must activate business function <NP>FINS_PERIOD_CTRL_BY_BTTYPE</> to
use this app. For more information, see the documentation for the
business function in transaction
<DS:TRAN.SFW5>SFW5</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.