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The closing fiscal period is not defined for the fiscal year within the calendar. Select a new fiscal period.
That error means the system couldn’t find a closing fiscal period defined in the fiscal calendar for the year you're trying to close.
To fix it:
Go to General ledger > Ledger setup > Fiscal calendars
Select the relevant calendar and year
Ensure the last period is marked as "Closing period"
Save and re-run the process
If possible, could you share a screenshot of your fiscal calendar setup? That would help confirm if the closing period is missing or misconfigured.
Regards,
Zain
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