You must set the ledger {LEDGER} period {PERIOD} status to Open

Summary:

I ran Create Receipt Accounting Distributions and the process error-ed with the below message "You must set the ledger {LEDGER} period {PERIOD} status to Open".

Content (please ensure you mask any confidential information):

I created an Expense PO. Did partial receipt on 3-Jan-2024 back dated the receipt date to 27-Dec-2023. Ran Run Transfer Transactions from Receiving to Costing and Run Transfer Costs to Cost Management. When I ran Create Receipt Accounting Distributions, I got the below error

Receipt Accrual Process..........2..ERROR........You must set the ledger {LEDGER} period {PERIOD} status to Open.

Also I checked the exception infolet and the error displayed is "You must set the ledger Dec-23 period Dec-23 status to Open".