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CARS
Central Accounting Reporting System

Central Accounting Reporting System

The Central Accounting Reporting System (CARS) handles accounting and reporting for all federal agencies.

The Central Accounting Reporting System (CARS), is the electronic system of record for the government’s financial data which provides streamlined agency reporting and supports government-wide standardization.

Along with Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and Intra-Governmental Payment and Collection (IPAC), CARS is a system which falls under GovernmentWide Accounting (GWA).

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.
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What does CARS do for you?

  • Provides streamlined agency reporting
  • Supports government wide standardization
  • 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

Commissioner McCoy reaches out to Agency CFOs Regarding Modernization Initiatives

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Last modified 11/27/18