Unable to enter project budget with future periods

Summary

Unable to enter project budget with future periods

Content

Hi Experts,

We are entering project budget for future periods. Project budget start date is 01-01-2021 and Finish date is 31-12-2023. But system not allowing to enter, showing below error.

"You can't plan for the selected dates because existing accounting periods don't cover the plan duration. (PJO-2205152)
Contact your project application administrator for assistance in creating accounting periods that cover the entire duration of the plan."

Its not feasible to open all future periods. Anybody can suggest why this error?? What set up need to do to enter project budget for future periods??