2198823 - Project Plan Values Not Calculated - 'Cannot derive FY/period from start date'

In the Projects view of the Cost and Revenue workcenter, no plan values are calculated for project XYZ. The error message displayed mentions that the fiscal year/period could not be derived:

'Cannot derive FY/period from start date DD.MM.YYYY (company ABC / SoB DEF)'.

This problem leads to not having the Total Planned Cost calculated under the Project Overview tab in the project.

XYZ means Project ID.

ABC means Company ID and Name.

DEF means Set of Books ID.

SAP Business ByDesign

Plan values, Project, Fiscal year , KBA , AP-PRO , Project Processing , How To