How To Fix FINS_IC_CUST118 - Cannot perform reset because preparations isn't set to completed

FINS_IC_CUST118 - Overview

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 118

• Message text: Cannot perform reset because preparations isn't set to completed

What causes this issue?

You can only reset activities of a project if the preparation phase for
the project has been completed. To complete the preparation phase, you
must manually change the project status and set the preparations to
completed.

System Response

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

How to fix this error?

You can check and change the current project status in the Customizing
activity
<DS:SIMG.FINS_MPROJ_RELEAS_40>Complete Preparations</>.
After you have set the preparations for the project to completed, you
can try to perform the operation again.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_IC_CUST118 - Details

• The SAP error message FINS_IC_CUST118 indicates that a reset operation cannot be performed because the preparations for the process have not been set to completed. This error typically occurs in the context of the Intercompany (IC) reconciliation process in SAP, particularly when dealing with financial transactions between different company codes.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Incomplete Preparations: The preparatory steps for the intercompany reconciliation process have not been fully completed. This could involve missing entries or not having finalized certain transactions.
  Incorrect Status: The status of the reconciliation process is not set to "completed," which is a prerequisite for performing a reset.
  
  Configuration Issues: There may be configuration settings in the SAP system that are not correctly set up for the intercompany reconciliation process.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Preparation Status:
  
  Navigate to the relevant transaction or report where the intercompany reconciliation is being processed.
  Verify that