Problem while doing GR with Posting periods

I am New to SAP..
When I am doing GR the system is throughing an error as under:
"Posting only possible in periods 2007/03 and 2007/02 in company code XXXX"
When I am try to close the period by MMPV it is not allowing me to do the same. And it is showing as under:
"The company code XXXX can no longer be initialized"
I did the following
SPRO --> Logistics - General --> Material Master --> Basic Settings --> Maintain Company Codes for Materials Management
where in for my company code XXXX
Year is 2007
period is 3
when I try to change the period to 4 it is again showing the message as :
"The company code XXXX can no longer be initialized"
Wher can I initialize my company code?
Can any body help me in this regard..
Thanks in advance..
Vam C

Hi Biju
I used OB52 and created variance and assigned to company code...but..
My problem not solved...same error occuring..
Can you suggest some solution..?
Hi Dipak,
I tried MMPV also..
It is giving the following error:
Follow the instructions in Note 487381 before initialization..
Can you suggest some solution..?
Thanks in advance,
Vam C

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