Overview

The Transaction Reporting System (TRS) will be a centralized repository of detailed collection transaction information that will simplify Federal Program Agency (FPA) revenue management and accounting processes. As a unified repository of collection transactions, TRS will provide a single touchpoint from which an agency can obtain detailed transaction data and standard reports that meet agency needs. TRS will provide a wide range of business information and business analytical tools that will:

• Help FMS reduce the cost of collections;
  
  
• Help FMS manage the quality of incoming financial transaction information from the financial institutions (FIs);
  
  
• Provide more detailed information for deposit reporting and cash concentration purposes;
  
  
• Provide more real-time information for FMS and agency cash forecasting; and
  
  
• Reduce the burden and costs of reconciliation between FPA Core Financial Systems and the Government Wide Accounting system (STAR and GWA).