Capture Treasury Account Symbol (TAS) information for payments, deposits and intra-governmental transactions at the earliest possible time and record the transactions directly to the FMS record of the Agency's Fund Balance with Treasury
Provide agencies with an Account Statement (similar to bank statements provided to customers) of their Fund Balance with Treasury, which presents appropriation and non-expenditure activity, as well as, payments, deposits, and intra-governmental actions that affect the Fund Balance with Treasury. At a minimum, transactions received by FMS during working hours will be available on the appropriate Account Statement requested during the next business day.
Provide federal agencies with the capability to "drill down" to lower levels of detail from higher level entries appearing on Account Statements to support research and reconciliation.
Improve the usability and currency of government-wide financial information to support management and oversight of government resources.
Eliminate multiple levels of reconciliation currently required to validate central accounting system fund balance with program information maintained at federal agencies.
Minimize data redundancy and enhance data sharing between the FMS central accounting system, financial service provider systems and agency core financial systems to support system users and stakeholders.
Provide federal agencies with one- stop-shopping using Internet technology to both provide to and retrieve data and information from Treasury (FMS).