How To Fix AC118 - Transaction type &1 still used as "&2" in &3 "&4" (cannot delete)

AC118 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 118

• Message text: Transaction type &1 still used as "&2" in &3 "&4" (cannot delete)

What causes this issue?

You want to update the last closed fiscal year for the company code.
There is a special function for carrying out this update, once various
checks are carried out. This function closes the fiscal year and
thereby the updates the last fiscal year.
Therefore this function is not supported in the customizing function
for the definition of company code-specific specifications for the
depreciation area.

System Response

The entry is cancelled.

How to fix this error?

Call the <LS>Fiscal year close</> function under <LS>Periodic
processing</> in the menu.

Error message extract from SAP system. Copyright SAP SE.

AC118 - Details

• The SAP error message AC118 indicates that a specific transaction type is still in use and cannot be deleted. This error typically arises in the context of Asset Accounting (FI-AA) when you attempt to delete a transaction type that is currently assigned to one or more assets or transactions.
  
  Cause:
  The error message AC118 is triggered when:
  
  The transaction type you are trying to delete is still being referenced in the system.
  There are existing asset transactions (like acquisitions, retirements, transfers, etc.) that utilize this transaction type.
  The transaction type is linked to configuration settings or is part of a transaction that has not been fully processed or cleared.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Usage: Identify where the transaction type is being used. You can do this by:
  
  Running reports in Asset Accounting to see if there are any assets or transactions that are still using the transaction type.
  Using transaction codes like AW01N