Cancellation is not possible; posting date exceeds limit of # days for cancellation

This error happens when a marketing document is about to cancel and the day of cancellation is out on the allowable days to cancel. To allow the transaction to proceed and cancel, follow the steps below.
  1. In SAP Business One Main Menu, go to Administration Module > System Initialization > Document Settings.
  2. Select the General Tab, go to "Max No. of Days for Canceling the Marketing Documents Before or After Posting".
  3. Specify the time range within which you allowed to cancel a marketing document with a cancellation document. 
Note: This field is irrelevant to cancellation of orders, quotations or purchase requests documents.

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