Error: Invalid Field value: Field does not correspond to a valid Period - when importing a budget

When importing a Period Range Budget into the Financial Edge the user receives the following message: "Error: Invalid Field value: Field does not correspond to a valid Period" . 
Ensure that the Fiscal Year ID in the import spreadsheet appears exactly as it appears in Configuration > Fiscal Years (2016, FY 2016, 16'). 
Ensure that the Extension of your mapped fields are also correct. For example: 
  • ​Fiscal Year 2017 = Extension 00
  • Period 1 = Extension 00
  • Amount = Extension 00
  • Fiscal Year 2017 = Extension 01
  • Period 2 = Extension 01
  • Amount = Extension 01
The extensions are in groups of three (fiscal year, period, amount). 

Steps to Duplicate

1. In General Ledger go to Adminstration> Import Records
2. Highlight Period Range Project Budget
3. Select Import Parameter File
4. Click Validate Now, See validation error on control report: "Error: Invalid Field value: Field does not correspond to a valid Period" 

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