The Bureau of the Fiscal Service provides federal financial management (FFM) updates to agencies and industry providers throughout the year that support executing financial processes, reporting and other activities. We also communicate updates to policies, procedures, and instructions about financial management in the federal government.

We’re working to coordinate our communication of these updates to better enable you, our stakeholders, to disseminate this information in your organizations and plan any needed changes to processes or systems.

We'll continue to look for opportunities to streamline our practices to improve your experiences.

Guidance and System Updates

Recent Additions

• The Federal Accounting Standards Advisory Board (FASAB) has released its FY 2025 annual report and accompanying three-year plan, highlighting recent accomplishments and outlining current projects and timelines. Stakeholders are invited to submit written comments by March 13, 2026.
   
• G-Invoicing Release 8.0 deployed January 23, 2026. Key features include infrastructure migration from TWAI On-Premises to Cloud and improved resiliency & scalability.
   
• The GO.gov Initial Operating Capability (IOC) launch took place on Tuesday, January 20, 2026. Agencies in the IOC phase will now use GO.gov for travel and expense management.
   

• Treasury released FY 2026 updates to the financial management business standards on November 14, 2025. The relevant components, guidance, templates, and other resources were updated accordingly. These can be found by selecting the Financial Management Capability Framework (FMCF) link under the Quick Links menu in the right navigation bar.

  Because of the recent lapse in appropriations, some other websites that refer to these materials have not been updated and may show the earlier version. We are working with those partners to make needed updates and ensure consistency. Please contact FMLoB@fiscal.treasury.gov with any questions. 
   

Updates are listed in chronological order, starting with most recent.

Guidance Updates

#	Guidance Updates	Resource Links
6	TFM Volume 1, Part 5, Chapter 4600: TFM Volume 1, Part 5, Chapter 4600: Treasury Lockbox Network was published in December 2025. The chapter added language to align with Executive Order (EO) 14247.	TFM Volume 1, Part 5, Chapter 4600
5	TFM Volume 1, Part 5, Chapter 2000: TFM Volume 1, Part 5, Chapter 2000: Depositing Domestic Checks And Cash Received In Over The Counter (OTC) Collections was published in December 2025. The chapter updated guidance pertaining to Executive Order (EO) 14247 with information on: All Electronic Collections Guidance (General) Exceptions and Waivers from Electronic Collections Requirements Exception/ Waiver Request Process Records of Checks Received	TFM Volume 1, Part 5, Chapter 2000
4	Current Value of Funds Rate (CVFR): Treasury’s Bureau of the Fiscal Service updated and published the new CVFR for calendar year 2026 in the Federal Register on January 2, 2026.	CVFR Bulletin No. 2026-01
3	Governmentwide Spending Data Model (GSDM): The Governmentwide Spending Data Model (GSDM) v1.2 Annual Release deployed on December 19, 2025. Updates in this release include modified data elements about financial assistance type, alignment of the Interface Definition Document (IDD) with Federal Procurement Data System (FPDS) Data Dictionary updates, and alignment with Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) validations.	GSDM
2	U.S. Standard General Ledger (USSGL): The USSGL issues bulletins containing updates to federal accounting guidance through the Treasury Financial Manual (TFM). Fiscal Year (FY) 2026 bulletins will be issued in February 2026, June 2026, and September 2026.	USSGL Bulletins
1	Do Not Pay: The Do Not Pay team recently provided updated Do Not Pay onboarding guidance to agencies to support compliance with the Payment Integrity Information Act of 2019 (PIIAA), Executive Order 14249 and OMB Memorandum M-25-32.	Do Not Pay DoNotPay@fiscal.treasury.gov

System Updates

#	System Updates	Resource Links
1	Fiscal Service System Re-platforming Initiative: Fiscal Service is migrating applications used by federal agencies to support reporting and transactional services to cloud platforms. We have engaged with agencies during this process, especially as testing windows approach. This work is targeted to conclude in late FY 2026.	fiscalcx@fiscal.treasury.gov

If your agency is interested in a comprehensive, agency-specific view of the re-platforming schedule to assess impact, please contact fiscalcx@fiscal.treasury.gov.

Archives of previous fiscal year updates are available by request.  Please contact FMLoB@fiscal.treasury.gov.