Closed fiscal year does not agree with legacy data transfer date

What causes this issue?

The closed fiscal year &V1& does not match the date of the legacy data
transfer &V2&:
If you wish to carry out a transfer during the fiscal year, the date of
the legacy data transfer has to be in the year following the closed
fiscal year.
Example: Transfer date 07.01., closed fiscal year: Previous Year
In any other cases the transfer date has to be the last day of the last
closed fiscal year.
Example: Transfer date 12.31., closed fiscal year:
Current Year

System Response

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

How to fix this error?

Correct your entries.

Error message extract from SAP system. Copyright SAP SE.