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The Manage General Ledger Transactions process encompasses posting of financial events (transactions) to the fiduciary and budgetary U.S. Standard General Ledger (USSGL) accounts, e.g., assets, liabilities, fund balances, revenues and expenses associated with the recording of federal funds and expenditure of same federal funds such as appropriations, Working Capital funds, and Trust funds. Process includes compliance with Generally Accepted Accounting Principles and applicable Federal standards (FASAB, Treasury, OMB, GAO, etc.). The process also includes the Year-end closing procedures. The process also includes the review and reconciliation of the subsidiary ledgers to the corresponding USSGL account. |