Government Wide Accounting
Issuing Government wide Financial Reports
The Bureau of the Fiscal Service (Fiscal Service) has the critical responsibility of maintaining the federal government's set of accounts and serving as the repository of information about the financial position of the United States government.
The bureau closely monitors the government's monetary assets and liabilities at all times through its oversight of central accounting and reporting systems.
Fiscal Service oversight responsibilities include helping federal agencies use uniform accounting and reporting standards and systems and assuring the continuous exchange of financial information between federal agencies, the Executive Branch's Office of Management and Budget, and financial institutions.
The bureau also gathers and publishes government wide financial information for use in establishing fiscal and debt management policies. The public and private sectors are able to monitor the government's financial status using this financial data.
Fiscal Service publications include:
- the Combined Statement of Receipts, Outlays, and Balances of the United States Government, the official publication of receipts and outlays
- the Monthly Treasury Statement, a report of the government receipts and outlays and the budget surplus or deficit that is based on agency reporting
- the Daily Treasury Statement, a report summarizing data on the cash and debt operations of the Treasury, based on reporting of the Treasury account balances of the Federal Reserve Banks, and,
- the Financial Report of the United States Government, the consolidated audited financial statements for the preceding fiscal year covering the Executive Branch, as well as parts of the Legislative and Judicial Branches.
This legacy bureau provided central payment services to federal agencies, operated the collections and deposit systems, provided government-wide accounting and reporting services, and managed the collection of delinquent debt owed to the government.
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The Administrative Resource Center works with federal agencies to improve the agency's success by delivering responsive, customer-focused, cost-effective administrative support.
The Do Not Pay Business Center was developed to support federal agencies in their efforts to reduce the number of improper payments.
A free service offered by the Department of the Treasury to help business and individual taxpayers conveniently pay all their federal taxes electronically.