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G-Invoicing

G-Invoicing

G-Invoicing is the long-term solution for Federal Program Agencies (FPAs) to manage their intragovernmental (IGT) Buy/Sell transactions. G‑Invoicing helps (or will help) agencies and their trading partners:

  • Negotiate and accept General Terms and Conditions (GT&C) agreements
  • Broker orders
  • Exchange performance information
  • Validate settlement requests through IPAC

FPAs must implement G-Invoicing for New Orders by October 2022. The mandated implementation deadline of October 2022 for New Orders includes Orders with a Period of Performance beginning October 1, 2022 or later.

FPAs must submit quarterly implementation status updates to Treasury by providing updated plans and/or Attachment As to the IGT mailbox (IGT@fiscal.treasury.gov).

Treasury will help agencies get ready for and start using G-Invoicing. (See more on the Enrollment page.)

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Benefits of G-Invoicing

Better communication between trading partners: Using G Invoicing to communicate, trading partners share a common platform and a clear record of their negotiations.

Transparency: G-Invoicing supports each phase of the IGT buy/sell lifecycle. This common repository will decrease differences between agencies.

Common data standard: G-Invoicing replaces the various terms and forms that agencies now use. Standard terms reduce misunderstandings.

Agreed-upon processes: Common processes support timely and accurate accounting.

Streamlined settlements of funds in IPAC: With performance reporting in G-Invoicing, trading partners can settle more quickly and efficiently.

Resources

Treasury Financial Manual (TFM) Sections Interface Specifications  Data Standards Interagency (IAA) Forms G-Invoicing Playbook G-Invoicing Rules of Engagement GINV-IPAC Settlement Data Element Mapping PSC Manual Intragovernmental Transactions Working Group (ITWG) Agency Implementation Template G-Invoicing Program Guide Implementation Timelines for Enterprise Resource Planning and Software Providers

Newsletters

newsletter

January Newsletter

Issue 7, January 2020

March Newsletter

Issue 6, March 2019

October Newsletter

Issue 5, October 2018

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Last modified 02/12/24