New fiscal year - have problem posting entries

Dear Mates,

First of all wishing you all a happy, healthy and safe new year 2016.

I have created a new fiscal year for 2016 under the same Fiscal calendar which we are using on the ledger form. Have checked that all the period and users are open in Ledger Calendar and have also run the 'recalculate ledger period'. However am still getting the below error:

Please advise if I am still missing out something to be updated for the new fiscal year to take effect.

Thank you,

Hitesh.

Am also attaching below, some snapshots of ledger form for easy reference.

Snap shot of Ledger form for Fiscal year

Snap shot of Ledger calendar