How to define the period status for Purchase indent, if user get error ‘period status is not defined for Purchase’ on creating new indent?

Cause: System shows this msg when period status is not defined for the module and period in which the transaction is made.
Suggestion: User should go to period status screen and select the transaction period (prd code) record and edit it, user should set status as yes for the transaction period (prd code) against the transaction module.
For Period status user should go to SCM->SCM Settings ->Period status