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  • Frequently Asked Questions FAQs

    About FM QSMO What is the FM QSMO? The Financial Management Quality Service Management Office (FM QSMO) is a U.S. Department of the Treasury initiative and a key component to reaching goals under Treasury's 10-year Vision for the Future of Federal …

  • Budgeting

    The Budget and Accounting Act of 1921 is the legislation that established the framework for the modern federal budget. Each year, Congress works on a federal budget for the next fiscal year. The government’s fiscal year runs from October 1 of one year to …
    07/20/2020 - 16:36 - Similar Pages

  • Federal Financial Management Updates

    … financial management in the federal government. We’re working to coordinate our communication of these updates to … File Transfer Technical Changes Fiscal Service is working with agencies to implement technical changes to … in the monthly Intragovernmental Transactions Working Group (ITWG). To register for this working group…
    11/15/2024 - 17:09 - Similar Pages

  • Financial Management Standards

    Standards are important because they establish consistent protocols that can be universally understood and adopted. Standards improve systems and processes, reduce waste, cut costs, and ensure consistency. Application of standards into financial systems …
    05/12/2021 - 14:58 - Similar Pages

  • Implementation of Executive Orders on Americas Bank Account EO 14247 and 14249

    … EO, the Department of the Treasury (Treasury) is actively working to transition the federal government to fully … New guidelines will ensure compliance with the  Do Not Pay Working System and other anti-fraud tools. Treasury will … EO, the Department of the Treasury (Treasury) is actively working to transition the federal government to fully …
    06/11/2025 - 14:52 - Similar Pages

  • View IGT BuySell

    Appendix 8 1 November 2024 INTRA-GOVERNMENTAL TRANSACTION (IGT) BUY/SELL Section 1—Buy/Sell Transactions Reimbursable activity in which goods or services are transferred between…
    … for federal entity accounting, whether the partners are working within G-Invoicing or the IPAC environment; the main … would be fully vetted through existing government-wide working groups with the appropriate stakeholders to review …
    03/06/2024 - 10:57 - Similar Pages

  • View IGT Benefits

    Appendix 7 1 November 2024 INTRA-GOVERNMENTAL…
    Appendix 7 1 November 2024 INTRA-GOVERNMENTAL TRANSACTIONS (IGT) BENEFITS Section 1—IGT Benefits Overview The Office of Personnel Management (OPM) and the Department of Labor (DOL) administer the employee benefits for the entities of the federal …
    03/06/2024 - 10:56 - Similar Pages

  • Bulletin No 202407

    … on those controls are required. Another way Treasury is working to prove entities internal controls is additional … on those controls are required. Another way Treasury is working to prove entities internal controls is additional …
    08/29/2024 - 11:48 - Similar Pages

  • Bulletin No 202501

    Expiration Date: October 31, 2026 To:  Heads of Government Departments, Entities, and Others Concerned Subject: Improving the Federal Payment Experience by Increasing Electronic Payments   1. Purpose This bulletin serves as a reminder of the requirement …
    09/17/2024 - 08:15 - Similar Pages

  • Return Codes

    1 RETURN CODES Return Code Agency Description 02 CG ADDRESS 06 CG DECEASED 08 CG AGENCY HOLD/AGENCY REQ 10 CG MISCELLANEOUS/OTHER 11 CG CHECKS WITH CORRESP AD DIB ADDRESS CI DIB…
    … SS DIB SPOUSE DECEASED ST DIB STUDENT TERMINATION WK DIB WORKING WS DIB W/E DECEASED 02 DOL ADDRESS 06 DOL DECEASED 08 … ADDRESS 4 OPM REMARRIAGE 6 OPM DEATH OF BENEFICIARY 7 OPM WORKING 8 OPM AGENCY HOLD 10 OPM MISCELLANEOUS/OTHER 11 OPM … SS SSA SPOUSE DECEASED ST SSA STUDENT TERMINATION WK SSA WORKING WS SSA W/E DECEASED AD SSI ADDRESS CP…
    03/07/2024 - 08:56 - Similar Pages