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 Governmentwide Accounting system (STAR and GWA).
TRS was piloted to five agencies in late 2008. General enrollment is planned to begin in late 2009.
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