Intra-governmental Transactions (IGT)
As federal entities conduct business with each other, IGT activity must follow standard processes that support the recording, reporting, reconciliation, and measurement of intra-governmental activity. Federal entities’ adherence to the process provides the required controls for IGT activity and allows both federal entities, and Fiscal Service, to perform their financial statement reporting in an efficient way.
Two of the applications used by federal entities in the brokering of IGT transactions between two federal trading partners are G-Invoicing and Intra-governmental Payment and Collection (IPAC). More information about those applications is provided below.
G-Invoicing
G-Invoicing is the long-term solution for federal entities to manage their intra-governmental (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
Federal entities were mandated to 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.
Federal entities must submit quarterly implementation status updates to Treasury by providing updated plans and/or Attachment As and/or Attachment Bs to the IGT mailbox (IGT@fiscal.treasury.gov). These templates are located on our G-Invoicing Resources page.
Treasury will help agencies get ready for and start using G-Invoicing. (See more on the Enrollment page.)
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 have historically used to broker their Agreements.
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.
Intra-governmental Transactions Working Group (ITWG)
ITWG Meetings are 90 minute conference calls that focus on data attributes, process flows, and system interface specifications for G-Invoicing. Topics are provided before the meetings to ensure that all ITWG participants with knowledge on the topic join the meeting.
To join the ITWG Working Group, send an e-mail to IGT@fiscal.treasury.gov.
Our ITWG meeting materials are now available in Intralinks. Access to Intralinks can be requested through the Treasury Support Center (Email: GInvoicing@stls.frb.org or Phone: 1-877-440-9476)
G-Invoicing Resources
Intra-Governmental Payment and Collection (IPAC)
IPAC is a way for Entities to transfer funds from one agency to another with standardized descriptive data.
IPAC has two components:
- IPAC
- Retirement and Insurance Transfer System (RITS)
IPAC Resources
Intralinks
Intralinks is a secure platform to share G-Invoicing and IPAC related content (files and videos) securely that is protected by multifactor authentication. The following documents were removed from our legacy G-Invoicing and IPAC webpages and are now available for viewing/download in Intralinks:
- G-Invoicing Federal Intra-governmental Data Standards (FIDS)
- G-Invoicing Feature Specifications
- G-Invoicing Interface Specifications
- G-Invoicing Office Hours Recordings
- G-Invoicing Release Information
- G-Invoicing System Mapping & Validation Rules (SM&VR)
- G-Invoicing Training Content
- G-Invoicing XML & JSON Payloads
- Inter-agency (IAA) 7600A/B Instructions & Forms
- Intra-governmental Transactions Working Group (ITWG) Presentations
- SSAE 18 Documentation (SOC 1 Reports & Bridge Letters)
Access to Intralinks can be requested through the Treasury Support Center (Email: GInvoicing@stls.frb.org or Phone: 1-877-440-9476)
Need Help?
Contact Us
Fiscal Service G-Invoicing and IPAC Team (Monday - Friday)
Email: IGT@fiscal.treasury.gov
Treasury Support Center
The Treasury Support Center, provided by the Federal Reserve Bank of St. Louis, is open Monday through Friday, 7:00am through 8:00pm
IPAC
Email: IPAC@stls.frb.org
Phone: 1-877-440-9476 Option 2
G-Invoicing
Email: GInvoicing@stls.frb.org
Phone: 1-877-440-9476 Option 3
Our Treasury Support Center agents can help you with G-Invoicing and IPAC questions and problems about many topics, including:
- Making sure your computer system meets the requirements for G-Invoicing and IPAC
- Setting up a multifactor account (PIV/CAC, ID.me)
- Becoming a new G-Invoicing or IPAC user
- Modifying an existing G-Invoicing or IPAC user account
- Logging into G-Invoicing or IPAC
- Other questions and needs related to G-Invoicing or IPAC
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