SAP Message 3F113 - Planning period &1 does not exist. Enter an existing planning period

Diagnosis
You want to perform the compensation adjustment for the plan periodV1. this is not possible because the plan period has not beenconfigured.

Procedure
If you want to use this plan period, contact your system adminstrator,so that he/she can configure this plan period in customizing.

Procedure for System Administration
Determine which plan periods should be configured and set them up inthe implementation guide (IMG) in the step:
Define plan periods (table T71C4).