Last updated on JANUARY 26, 2017
Applies to:US Federal Receivable - Version: 12.0 to 12.0
US Federal Payable - Version: 12.0 to 12.0
Oracle U.S. Federal Financials - Version: 12.0 to 12.0
This problem can occur on any platform.
Payment and Collection transactions
IPAC Payment or Collection Indicator
Checked for relevance on 09-MAR-2009
New Features from Financials Management Services(FMS)
GWA Treasury Account Symbol (TAS)
In our goals to streamline the central accounting and reporting process, we analyzed the Treasury Account Symbols (TAS) reported by Federal Program Agencies (FPAs) to Treasury through the various interface systems. Currently, multiple formats are accepted, depending on the FPA and the reporting system (e.g. IPAC, 224). To implement standardization and consistency, we have developed one standard format that the GWA system will use and that eventually all systems interfacing with GWA will use as well. Standardization of the TAS is especially important in the new GWA environment, since transactions flowing from these interface systems will be updating the fund balances of TAS in the future.
When GWA is fully implemented, all FPAs will report transactions using this standard TAS along with a business event type code (BETC). Until then, GWA will crosswalk current TAS formats to this new standard format.
Business Event Type Code(BETC)
The BETC is an 8 character code used in the GWA system to indicate the type of activity being reported, such as payments, collections, borrowings etc. This code must accompany the Treasury Account Symbol (TAS) and the dollar amounts in order to classify the transaction against the fund balance with Treasury.
BETC in effect replaces the transaction codes and standard sub-classes that are currently used on the central accounting reports, such as those used on the Statements of Transactions (FMS Form 224) and the Undisbursed Ledger and Trial Balance Reports (FMS Forms 6653 and 6654).
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