Distribution Cycle error: "No Senders have been found"

Hello,
I have created a distribution cycle in FAGLGA31 with three segments with the following criteria,
Sender:
Account, Profit Centre C postings and Functional Area YB20
Receiver:
function area YB20, profit center A: 80%
functional area YB20, profit center B 20%
Likewise I have the other 2 segments with different % of distribution.
But when I am trying to execute the cycle in FAGLGA35, i am getting the error message that "no sender has been found". Please find below the details of the error message. I have checked the cycle completely and all the relevant master data exists. Also transactional data relating to document type SA also exists in the system.
Cycle 0L2050, start date 20110101, does not include any senders.
Message no. GA749
Diagnosis
No senders were found for cycle 0L2050, starting date 20110101.
System Response
It is no longer possible to create receivers and assign senders for the segment.
Procedure
Check the definition of the cycle in the maintenance transaction for Actual Distribution: General Ledger. No valid sender cost centers could be found to match your selection.
If you use the sender rules "Posted amounts" or "Posted quantities", check whether records exist in the database for the criteria you entered (cost element, version...)
During indirect activity allocation with the sender rule "posted quantities", you should also note that only the difference between the planned/posted activity allocation and the scheduled activity quantity is allocated. If you entered activity types as sender, you should at this point also check the activity type category. For those quantities posted with an activity type of category 1 (manual entry, manual allocation) no indirect activity allocation is possible.
1. If this is an allocation in the FI/FI-SL area, the problem could also be due to the inheritance logic for FI-SL totals tables, whose "Inheritance of sender based on the receiver" indicator is activated in the "Partner object update" view (T811U-INHERSRC). These are tables that were installed before Release 4.6A.
Use transaction GCA8 to check this, and see the section on:
Inheritance Logic for Allocations
then correct the affected cycle, if required.
Request help on how to correct this.

Dear Latha,
the most common reason for error message GA749 in NewGL allocation is
that wrong "version" is specified in cycle header. Actual data in NewGL
is stored with version 001 (RVERS), so please make sure this value is
specified on cycle header, instead of 000, for example.
I hope this can help.
Mauri

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