You selected open periods for company code &1

What causes this issue?

Company code &V1& has open periods among the fiscal periods that have
been entered as selection criteria for the data extraction.

System Response

This is an information message.

How to fix this error?

Data extracts should only be created for closed fiscal periods.
Otherwise, postings could be made after the data extract was created.

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.