GSA provides financial services which include standard general ledger reconciliation, payment processing, systems analysis, and regulatory and managerial reporting. GSA's comprehensive accounting system allows the following functions to be performed for external clients: accounts payable; accounts receivable; travel payments; relocation payments; collection of debts; delinquencies and surcharge fees; billing by automated or manual processes; and the preparation of daily cash deposits. GSA will provide these services at various levels of support. All of this within the guidelines of generally accepted accounting principles.
GSA has developed special automated systems simplifying the budget, acquisition, and payment process for Federal Express billings and the Government VISA credit card, which feed into our major financial system. This provides an excellent audit trail for all transactions. GSA uses an electronic notification process for travel payments made through Electronic Fund Transfer. Vendors or employees are notified via email as to the dollar amount paid, the date of deposit, and the bank account where the deposit was made.
GSA also monitors client funds and prepares both internal and ad hoc accounting reports, as required by clients. Some of the external reports prepared are the Report on Budget Execution, Yearend Closing Reports, Report on Receivables Due from the Public and various reports mandated by the Office of Management and Budget or the Department of the Treasury. Also, the consolidated financial reports which are required by the Tax Dollars Accountability Act of 2002 are compiled.
GSA'S List of Clients
Antitrust Modernization Commission
Appraisal Subcommittee of the Federal Financial Institutions Examination Council
Barry M. Goldwater Scholarship & Excellence in Education Foundation
Christopher Columbus Fellowship Foundation
Commission on Civil Rights
Committee for Purchase From People Who Are Blind or Severely Disabled
D&L National Heritage Commission
Defense Nuclear Facilities Safety Board
Delta Regional Authority
Dwight Eisenhower Memorial Commission
Eisenhower Exchange Fellowship, Inc.
Election Assistance Commission
Environmental Dispute Resolution Fund
Export-Import Bank of the U.S.
Federal Coordinator for Alaska Gas Transportation Project
GSA Child Care Subsidy Program
Harry S. Truman Scholarship Foundation
Helping to Enhance the Livelihood of People Around the Globe Communion (HELP)
Inspector General Criminal Investigators Academy (IGCIA)
Interagency Council on Homelessness
James Madison Memorial Fellowship Foundation
Japan-United States Friendship Commission
John C. Stennis Center for Public Service
John F. Kennedy Center for the Performing Arts
Marine Mammal Commission
Medicare Payment Advisory Commission
Morris K. Udall Scholarship & Excellence in National Environmental Policy Foundation