Central Accounting Reporting System

CARS Includes:

• Financial management and accounting information across federal program agencies
• Bureau of the Fiscal Service processes related to ledger accounting for each appropriation, fund, and receipt account's fund balance with Treasury
• General ledger accounting for government cash and monetary assets
• Monthly Treasury statements and the U.S. Government Combined Statement and Appendix.

What does CARS do for you?

• Provides streamlined agency reporting
• Supports government wide standardization
  
  
  • one place to record and retrieve data and information from Treasury
  • get transaction detail to support research and reconciliation
• Enables agencies to classify payments, collections, and intra-governmental transactions upon creation
• Accounting classification Treasury Account Symbol-Business Event Type Code (TAS-BETC) reported within all CARS transactions
• Provides agencies with better tools and more timely data to manage their Treasury Accounts
• Reduces turn-around time for agency monthly accounting statements
• One Treasury Account Symbol (TAS) format, eliminating costly and vulnerable crosswalks
• Produces and distributes budgetary reports such as the Monthly Treasury Statement (MTS) and Combined Statement (CS) Reports
• Supports agency reporting in Component TAS format
  
  
  • keeps government-wide financial information accurate and up-to-date
  • eliminates the multiple levels of reconciliation previously required to validate central accounting system fund balances
  • minimizes data redundancy and enhances data sharing between the Fiscal Service central accounting system, financial service provider systems, and your agency's core financial systems

Contact the CARS team