Period versions - Archiving

Hi All,
plz tell me about "period versions' in FI, when i am trying to archive data using fi_documnt , it is saying period versions not defined.

HI,
Transaction figures can be archived only if periods open for posting are no longer in the period to be archived. The periods for posting must be closed for the entire period
to be archived.
Archiving Logic
things checked during the archiving procedure
For transaction figures 
Do the fiscal years to be archived contain any periods that are still open for posting?
For Master Data
Banks:
- Has a deletion indicator been set?
-Is the bank no longer being used?
G/L accounts:
- Has a deletion indicator been set?
- Are there (still) transaction figures (e.g. have they already been archived)?
- Are there (still) documents?
Customers/vendors
- Has a deletion indicator been set?
-Are there (still) Are there (still) transaction figures
(e.g. have they already been archived)?
For Documents
- Has the document type run time been maintained?
- Has the account run time been maintained?
- Are the items cleared in the case of openitem
managed accounts?

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