Maximum allowable posting period exceeded (see long text)

What causes this issue?

You transferred version parameter &V2& to function module &V1&.
The latest posting period you transferred is &V3&.
For the above version parameter, the latest permitted posting period is
&V4&.

System Response

The system terminates processing.

How to fix this error?

When you callup the function module &V1&, take care that you do not
exceed the latest permitted posting period.

Error message extract from SAP system. Copyright SAP SE.