How To Fix FINS_IC421 - Currency type &1 is still used in ledger &2 and company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC - Manage Currencies

• Message number: 421

• Message text: Currency type &1 is still used in ledger &2 and company code &3

What causes this issue?

It looks like you are trying to delete currency type &v1& amounts from
the combination of ledger &v2& and company code &v3&. The corresponding
data column in table ACDOCA is &v4&.

System Response

Based on the project configuration, this currency type is still being
used in the combination of ledger &v2& and company code &v3&. Therefore,
the system refrains from clearing the amount column.

How to fix this error?

If you want to delete currency type &v1& amounts from the combination of
ledger &v2& and company code &v3&, you must first ensure that the
currency type &v1& in column &v4& of table ACDOCA isn't being used for
this combination of ledger and company code.
You can make the appropriate changes in the Customizing activity
<DS:SIMG.FINSVC_LEDGER_IC>Define Settings for Currency Types</>

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC421 - Currency type &1 is still used in ledger &2 and company code &3 ?

  The SAP error message FINS_IC421 indicates that a specific currency type is still being used in a ledger and company code, which prevents certain operations from being completed. This error typically arises during activities such as closing periods, changing currency settings, or performing data migrations.
  Cause:
  The error occurs when:
  
  A currency type (e.g., local currency, group currency, etc.) is still assigned to a ledger in a specific company code.
  You are trying to delete or modify the currency type, but it is still in use, which violates the integrity of the financial data.
  
  Solution:
  To resolve the FINS_IC421 error, you can follow these steps:
  
  
  Identify the Currency Type: Check the error message for the specific currency type (denoted as &1) that is causing the issue.
  
  
  Check Ledger and Company Code: Identify the ledger (denoted as &2) and company code (denoted as &3) mentioned in the error message.
  
  
  Review Currency Assignments:
  
  Go to the transaction code OB22 (for defining currencies) or OBY6 (for company code settings) to review the currency types assigned to the ledger and company code.
  Ensure that the currency type is not actively being used in any transactions or settings.
  
  
  
  Remove or Change Currency Type:
  
  If the currency type is no longer needed, you may need to remove it from the ledger or company code settings.
  If it is still required, consider changing the settings to use a different currency type if applicable.
  
  
  
  Check for Open Transactions: Ensure there are no open transactions or postings that are using the currency type in question. You may need to complete or reverse these transactions.
  
  
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific guidelines related to your version of SAP and the financial module you are using.
  
  
  Testing: After making the necessary changes, test the process again to ensure that the error has been resolved.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (Define Currencies), OBY6 (Company Code Settings), and others related to financial settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings in the system.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Financials for further assistance.