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The US Standard General Ledger (USSGL)

The cornerstone of financial systems

Budget and Accrual Reconciliation Guidance

This reference guidance is to help facilitate the implementation of the proposed “Budget and Accrual Reconciliations” guidance from the Federal Accounting Standards Advisory Board (FASAB) (proposal draft issued in December of 2016). This guidance is not intended to be all inclusive, and agencies should use their discretionary and professional Judgment when preparing the reconciliation.


This proposed Statement amends Statement of Federal Financial Accounting Standards (SFFAS) 7, Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting, rescinds SFFAS 22, Change in Certain Requirements for Reconciling Obligations and Net Cost of Operations, Amendment of SFFAS 7, Accounting for Revenue and Other Financing Sources, and amends SFFAS 24, Selected Standards for the Consolidated Financial Report of the United States Government.

The new reconciliation, referred to as the New Budget and Accrual Reconciliation (NBAR), requires a reconciliation of the entity’s net outlays on a budgetary basis and the net cost of operations during the reporting period. The NBAR replaces the current Statement of Finance (SOF) note disclosure, which reconciles the budgetary resources obligated (and some nonbudgetary resources) and the net cost of operation. This standard is proposed to be effective for Fiscal Year 2019 reporting.

As part of the preparation for this standard, FASAB developed a task force to review the standard and provide feedback. One of the recommendations from this task force was that Treasury (Bureau of the Fiscal Service), provide a crosswalk to increase consistency across agencies and to effectively balance this new reconciliation for major funds.

For the latest updates on the proposed standard, agencies should reference the FASAB website

Draft BAR Crosswalk Guide (Last Updated July 2017)

PDF Version

Excel Version

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