Overview of Federal Financials Setup

The Federal Financials Setup task list provides the setup tasks for the integrated features required for daily operations for an agency of the federal government.

Here's a list of tasks that you can perform as part of Federal Financials Setup:

Task

Description

Manage Federal Lookups

Define and maintain the user-defined Federal Financial lookup values.

Manage Federal Profile Options Define and maintain site-level attributes for your agency.

Manage Federal Groups

Define and maintain selected shared setup across ledgers that have a common natural account value set.

Manage Federal Ledger Options

Define and maintain ledger-specific options for the ledger.

Manage Federal Setup Options

Define and maintain business unit attributes that enable federal processes for each business unit.

Manage Agency Location Codes

Define and maintain identification codes assigned by the Treasury to the accounting office of an agency that reports collections and disbursements.

Manage Federal Account Symbols

Define and maintain Federal Account Symbols (FAS) for agencies. The FAS identify the agencies responsible for appropriation and fund classification without regard to the period of availability to incur new obligations.

Manage Treasury Account Symbols

Define and maintain account identification codes assigned to these individual accounts of an agency:

  • Appropriation accounts

  • Receipt accounts

  • Other fund accounts

Manage Fund Attributes

Define and maintain fund attributes used by an agency for Treasury reporting purposes. Federal agencies segregate their Treasury Account Symbols into different funds to comply with legal requirements.

Manage Payment Type Mapping Define and maintain payment type mappings.
Manage Budget Transaction Types Identify and maintain required attributes and define debits and credits to be generated for budget transactions based on the budget transaction type.
Manage Federal Attributes Use this task as a reference to see how each federal attribute is mapped to a U.S. Federal Financials attribute. Users can also use this task to change the assignment of federal attributes to U.S. Federal Financials fields and lookups, and identify an attribute as reportable for GTAS or DATA Act.
Manage Federal Account Attributes Define and maintain attributes for natural or USSGL accounts as defined on the USSGL Account Attribute Table published by Treasury.
Manage Federal Attribute Supplemental Rules Map Fusion segment combinations to federal attributes. Users can also use this task to override attribute assignments defined by using the Manage Federal Attributes task. When used for overriding assignments, supplemental rule attribute values will override all other previously assigned values.