Central Accounting Reporting System (CARS)
The Central Accounting and Reporting System (CARS) handles accounting and reporting for all federal agencies.
- 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?
- Captures and records Treasury Account Symbol (TAS) information for payments, deposits, and intra-governmental transactions.
- Provides agencies with an account statement of their fund balance with Treasury.
- Allows agencies access to transaction detail to support research and reconciliation.
- Improves the usability and currency of government-wide financial information.
- Eliminates multiple levels of reconciliation currently 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 agency core financial systems.
- Provides agencies with one-stop access to both provide and retrieve data and information from Treasury.