Validate Receiving Transaction Dates issue

Summary:

Transaction Date Validation Enabled profile option = Validate transaction date is not working as expect

Content (please ensure you mask any confidential information):

We want to prevent receving expense transaction when costing period is closed.

Therefore we setup Transaction Date Validation Enabled profile option = Validate transaction date and Maximum Number of Days Prior to Current Date in Which a Transaction Can Be Created = 180.

But we see that system is still allow receving although close period is closed. And Validate transaction date and Maximum Number of Days Prior to Current Date in Which a Transaction Can Be Created  is considered in case.