3380763 - Error - 'Profit center XYZ determined for Expense Report ABC is not valid on DD.MM.YYYY' occurred while trying to post the Expense Report

While trying to post the Expense Report 'ABC' facing below mentioned error message.

Error Message: Profit center XYZ determined for Expense Report ABC is not valid on DD.MM.YYYY. Check the validity of profit center XYZ in Organizational Management and your default profit centers in configuration.

(ABC refers to Expense Report ID).

(XYZ refers to Profit Center ID).

SAP Business ByDesign 

Organizational Management, Validity Date, Profit Center, Org Structures, Expense Report. , KBA , SRD-FIN-GL , General Ledger , Problem