No online transfer takes place for controlling area xxx2 in fiscal yr 2008

Hi,

While doing GL posting at F-02, after simulating the document i got the error as "No online transfer takes place for controlling area xxx2 in fiscal year 2008"

I have done the settings for Cost center accounting and wants to check the cost center standard reports after posting, but while GL posting i got the above error.

Could you kindly let me know what is the problem in the controlling settings.

Regards

Sabera