Treasury Updates Governmentwide Accounting Central Accounting Reporting System (CARS) May 22, 2014...
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![Page 1: Treasury Updates Governmentwide Accounting Central Accounting Reporting System (CARS) May 22, 2014 March 7, 201 1.](https://reader030.fdocuments.in/reader030/viewer/2022032803/56649e315503460f94b21f7c/html5/thumbnails/1.jpg)
Treasury UpdatesGovernmentwide Accounting
Central Accounting Reporting System (CARS)
May 22, 2014March 7, 201
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Central Accounting Reporting System (CARS)
•Benefits for Agencies•Benefits Across Government•Transition status•Upcoming training opportunities
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Benefits for Agencies to Become CARS (TAS BETC) Reporters
•Daily Account Statement•More Transaction-level details in Account
Statement•Daily reclassification functionality•Elimination of the Statement of Difference
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Governmentwide Benefits of Daily Reporting
•Supports Governmentwide data transparency
•Supports Governmentwide standardization
•Allows streamlining in Treasury processes and reports
•Improves data for downstream systems/processes
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Future Transaction & Reporting
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NTDO Payments
FR
USSLG TFM Agency F/S
Intragov Reports
TDO Payments
Collections
IPAC
SAM
Account Statement
Monthly Treasury StatementCombined Statement
GFRSFRB
CIA
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System Changes and Timelines
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• Commissioner Lebryk Reaches Out to Agency CFOs Regarding Modernization Initiatives
January 14, 2011March 23, 2012April 11, 2013April 11, 2014
• October 1, 2014 agencies should have a transition plan in place for each ALC by source system or request GWA’s CRM Division to help you develop one
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CARS Reporter (IPAC) conversion• Transition: Self Analysis• Utilize the IPAC Transaction Download Report to
compare to what is on your General Ledger (GL)• This report should be downloaded twice a month to verify
readiness to GO LIVE the following month
• Choose a Go Live date
• Go Live!• Omit IPAC transactions from 224/CTA submission• TAS/BETC classification at initiation becomes official post
to your FBWT• IF IPAC only, you are a Full Reporter• As a Full Reporter you now have access to reclass on a daily basis
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This is the lowest level of detail you can retrieve from the Acct Stmt. This example shows the additional IPAC details available for a CARS IPAC Reporter.
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CARS Reporter (Collections) conversion• Transition: Data Analysis• Review the data twice/month• Provide excel spreadsheet if corrections/updates to cash
flow profiles or source systems are needed• Transition to go live after one month of transitioning
• Go Live!• Section 3 of the 224/CTA is CLOSED• Ability to view collection transactions daily• C-Key to TAS/BETC classification at initiation becomes
official post to your FBWT• IF Collections only, you are a Full Reporter
• As a Full Reporter you now have access to reclass on a daily
basis
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This example shows the additional Collection details available for a CARS Collection Reporter.
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CARS Reporter (Payments) conversion• Transition
• Manual end to end testing available (optional)• ALC/CARS/PM determine file/system testing period• Choose a Go Live date
• Go Live!
• Omit Payment transactions from 224/CTA submission• TAS/BETC classification at initiation becomes official
post to your FBWT• IF Payments only, you are a Full Reporter• As a Full Reporter you now have access to reclass on a daily
basis
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This example shows the additional Payment details available for a CARS Payment .
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CARS Transition Status as of May 2014
Agency Location Code (ALC) Conversion Update: 5/6/2014
CurrentlyConverted
as of 5/1/2014
Total #ALC
Piloting
Planned Beyond
FYQ3 2014
Total # ALC per
TransactionPercent
Complete
TDO ALC IPAC Reporters 344 111 174 629 55% Payments Reporters 71 164 192 427 17% Collections Reporters 213 94 220 527 40%
Agency Location Code (ALC) Conversion Update: 5/06/2014
CurrentlyConverted
as of 5/1/2014
Total #ALC
Piloting
Planned Beyond
FYQ3 2014
Total # ALC per
Transaction
PercentComplete
NTDO ALC IPAC Reporters 1 9 158 168 1% Payments Reporters 0 0 501 501 0% Collections Reporters 0 3 516 519 0%
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Check off your list!• Discuss the changes needed in your
agency to convert from monthly reporting to daily reporting
• Develop a transition plan
• Should be aware that Section 2 and 3 of the 224 will be closed. If you are not the 224/CTA preparer, pass the word
• Work with SAM now to get access, set up/update defaults and cash flow profiles
• TRANSITION PLANS BY OCTOBER 1, 2014
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CARS workshops (Hyattsville, MD) June 10
GWA Training and Outreach 2014 CARS Sessions – 1st and 2nd Friday every month
Informational Sessions Weekly
E-Learning Module – Becoming a CARS Reporter www.fms.treas.gov/cars/training.html
GWA Public Website www.fms.treas.gov/cars
Upcoming Outreach
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Contacts16
• Customer Relationship Management Division (CRMD)
• Director, Carolann Marker ([email protected]) (202)874-9776
• IPAC – Dominique McCreary ([email protected]) (202)874-6352• TDO Payments – Luz Davila Lopez ([email protected]) (202)874-8599• Collections - Katy Borys ([email protected]) (202)874-9005
CRM Mailbox – [email protected]
Treasury Support Center – (877) 440-9476