Error: No Fiscal Year is defined for this date. Please enter a valid date for Column 1.

When running a Financial Statement, you may receive this error when previewing: Error: No Fiscal Year is defined for this date. Please enter a valid date for Column 1.
This happens with a new report parameter as well.
  1. Go to General Ledger > Configuration > Fiscal Years.
  2. Create the next available Fiscal year.
  3. Run the report again.

Environment

 7.87.164.0000

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