ACCOUNTING AND FINANCIAL SERVICES WE PROVIDE
Capa Tax Accounting & Financial Management Service (CAF) provides a full range of financial reporting and accounting services that meet strict Federal financial management system requirements and applicable Federal accounting and transaction standards. CAF uses the Unified Financial Management System (UFMS), an online, real-time application that accepts both manual and electronic input. UFMS enables small & medium size businesses to perform accounting edits and validations and produces accounting transactions for general and subsidiary ledgers.
Services offered include:
-
Accounting for all costs, obligations, disbursements, advances, receivables, and expense and revenue accruals Administrative control of funds.
-
Preparation of financial statements, supported by an array of standard and customized reporting Hard-copy reports
-
Online reports from which data can be accessed via the Web and downloaded to an Excel spreadsheet for local use
-
Extensive online query capabilities Assistance with financial problem solving and program design
-
UFMS training
-
Performance: 100% of the time, FMS will prepare audit-quality annual financial statements within required timeframes.
-
100% of financial reports will be submitted within published deadlines of the U.S. Department of the Treasury/Office of Management and Budget after the end of the covered period (e.g., monthly, quarterly, and yearly).
-
90% of accounting events will be recorded within 2 business days of receipt of electronic transactions and within 3 business days of receipt of valid hard-copy documents. 100% of the time, FMS will close the fiscal year within 15 days of year end.
-
99% of eligible disbursements will be issued electronically. 95% of invoices will be paid on time. Rate: Allocation Agreement
-
The Financial Management Service (FMS)
-
Provide Department-wide payroll accounting services for HHS civilian employees and Commissioned Corps Officers.
-
FMS maintains the Accounting for Pay System (AFPS) interface, which provides customers with a complete payroll accounting solution.
-
Using AFPS gives customers online capability to manage payroll costs at the Common Accounting Number level and the ability to change the distribution of costs as necessary. Services offered include:
-
Payroll reconciliation
-
Systematic interface for payroll accounting information needed to account for disbursements, obligations, and accruals for personnel costs
-
Collection and disbursement of payroll items such as income taxes and unemployment benefits, and reporting of those items to Treasury, States, the Internal Revenue Service, and the U.S. Department of Labor
-
Preparation of SF-224, the monthly Statement of Transaction, and a variety of Payroll and annual Departmental Pension reports
-
Performance: 95% of payroll SF-224 information will be submitted to the Treasury within 3 business days of the following month.
-
95% of payroll name list and cost summary reports will be produced within 5 business days of receipt of payroll data.