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Dear Finance Experts,

with the latest incremental release of SAP S/4HANA Cloud for advanced financial closing (AFC) on May 15th, 2021, the new feature of custom fields for reporting was introduced.


Background of this feature

Just a few weeks ago, the requirements to have additional reporting flexibility on financial close key figures such as the closing progress by business process or the structuring into shared services and local activities were raised by key AFC customers. The design, refinement and development of the custom fields feature to help customers gain a better insight into their closing structures was executed in a short timeframe. By leveraging the continuous release paradigm, the AFC team was able to ship this functionality quickly and customers can now directly benefit from it. In the following blog, I want to guide you through the main pillars of this new feature, including the maintenance of the custom field values and their use for a more flexible reporting in the different apps of AFC.


"Manage Closing Task Lists" App

To provide more flexibility in terms of reporting by multiple dimensions for key financial close metrics, we introduced three custom fields in AFC. These fields are string fields with a length of 255 characters. They can be filled with whatever information is needed as a dimension in reporting. The maintenance of the custom field values is done in the „Manage Closing Task Lists” application in templates and task lists – both on folder and task level. AFC is a close orchestration tool that serves large enterprises and is built for scalability to manage large complex processes. Therefore, we introduced multiple smart features that allow an easy and quick maintenance of the custom field values.

Define Closing Structure


Specific Maintenance

The maintenance of custom field values on folders can be done via the detail view for each folder.

The same applies for the task level.


Mass Maintenance

As a faster alternative, it is also possible to maintain custom field values on multiple several folders or tasks, using the mass maintenance functionality. This can either be done by selecting the corresponding tasks on template / task list header level and then clicking on the "Change" button. 

Template / Task List Header

Or by selecting the corresponding folders in the template / task list structure and then clicking on the "Change" button.

Template / Task List Structure

After that, a popup will appear, where it is possible to click on the change action "Custom Field X". By clicking on this change action "Custom Field X" the following dialog will occur:

Template / Task List Header

Template / Task List Structure

Here, the corresponding custom field can be filled and the input will be applied to the selected folders or tasks. This is the fastest way to fill multiple folders and tasks with custom field values at once.


Top-Down Derivation

This is not all – there is even a smarter and easier way to fill custom field values. Not all folders or tasks need to be filled through a manual process step. During the generation of a task list from a template, the custom fields of a folder are pushed to the underlying folders and tasks. For example, the custom fields of a parent folder are inherited down to the underlying level, if the underlying level has no custom field values maintained.

Closing Template

Closing Task List


"Process Closing Tasks" App

After the generation of the task list, the custom field values are also visible in the app “Process Closing Tasks”.

The custom fields are usually not displayed on start in the list view. It is possible to display the corresponding columns with the settings gear and save the new table view as a variant:

On the detail screen of a single task, the custom fields are displayed by default.


"Closing Task Completion" App

Now we move to the most useful part of this new feature. In the reporting app "Closing Task Completion" it is now possible to display the custom fields and use them in combination with all multidimensional filter options which are available.


To display the custom fields, the settings gear has to be used again. There is one for the filter area at the top of the analytical list page:

One for the bar chart:

And one for the table at the bottom:



With these new flexible custom field feature, customers can now gain even more transparency and efficiency through the ability to further structure and analyse their closing business process in AFC. They can report closing key figures such as the closing progress, the number of errors, possible delays, and responsibilities by freely definable attributes and structuring characteristics.

Thank you for taking the time and reading this blog post.


For more information on SAP S/4HANA Cloud, check out the following links:

  • SAP Community Page for Advanced Financial Closing: here

  • SAP Help Portal for AFC: here

  • AFC in the SAP Roadmap Explorer: here

  • SAP.com page about AFC: here


Follow us via @Sap and #AdvancedFinancialClosing, or myself via emanuel.bahr



Please note that SAP S/4HANA Cloud for advanced financial closing gets frequent updates and enhancements. Therefore, the current features and functions may not be exactly as described here. For the latest information, you can refer to the product documentation on the SAP Help Portal.