These are the activities that federal entities engage in in order to accomplish their mission.
Property management requires properly recording the financial asset type, category, value, and adjustments from depreciation and impairment. This also includes leasing, inventory, and software.
The activities that federal entities engage in to acquire goods and services. There are two ways that purchases can be made, through the acquisition process and with charge cards.
Managing interagency agreements involves maintaining customer relationships, agreements, and unfilled customer order information.
Grants management includes all matters that relate to grants from recording grant requests to auditing grant payments. Payment information must also be captured and follow the 2014 DATA Act reporting guidance.
Proper payroll management involves recording all payroll payments generated by payroll service. This also includes reconciling payroll information with financial management information and recording adjustments.
Guidance for travel management varies depending on the payment processing. For example, travel temporary duty, local payments, and travel PCS payments all have different guidance.
This page was last updated on August 18, 2020.