Error- “VALID_PRD_REQD”

type”:”error.SuiteScriptError”,”name”:”VALID_PRD_REQD”,”message”:”Update Transaction Failure: No valid, open, tax period for date”

To solve this problem

VALID_PRD_REQD

Insert Transaction Failure: No valid, open, tax period for date – {1}. Please visit Setup > Manage Tax Periods to set up a new tax period.

Set up > Accounting > Manage Tax Periods