Posting date &1 is not the last period in any company code

What causes this issue?

You entered special period &V2& in the document header. This is only
allowed if the posting date (&V1&) falls in the last normal period in at
least one of the company codes involved.
However, this is not the case in the document to be posted here.

System Response

The posting cannot be executed.

How to fix this error?

Check the posting date and change the special period entered in the
document header, if you have the necessary authorization.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.