Payroll period not found in table T549Q

What causes this issue?

This message can be triggered for archiving object PA_TIME (time
evaluation results) in the following situations:
You have specified an archiving date. The system uses it to calculate a
default value for the retroactive accounting limit.
You have specified a retroactive accounting limit. The system uses it
to calculate a default value for the archiving date.
To calculate default values, the system requires information on the
payroll periods from the <LS>Payroll Periods</> table (T549Q). The
corresponding entries do not exist.

System Response

The system cannot calculate a default value.

How to fix this error?

INCLUDE NA_SYSADMIN1 OBJECT DOKU ID TX

Procedure for System Administrators

Check the entries in the <LS>Payroll Periods</> table (T549Q). If
necessary, add the missing entries.

Error message extract from SAP system. Copyright SAP SE.