Error - No accounting periods are currently open for time or expense entry

When entering time and expenses or when using the management portal you may encounter the following error messages (or similar error messages).

When submittting time from the employee portal - Rejected on DATE for 'No accounting period is open for time entry at time of entered work'

When submitting an expense from the employee portal - No accounting periods are currently open for expense entry

Solution

Your accounting period is currently closed for the time card or expense card's date. You need to either create a new accounting period or open an existing accounting period for the date using the Accounting Period Editor.