![]() government official or employee who, on behalf of the United States, receives and maintains public funds, certifies vouchers, or maintains or draws checks on accounts of the United States, including those in depositary banks designated by the Secretary of the Department of the Treasury.Īccounts Payable: Accounts payable are amounts owed on the basis of invoices or evidence of receipt of goods and services, and payables for amounts owed for other than goods and services from suppliers. For more information on account symbols and titles, Fiscal Service issues a Treasury Financial Manual supplement titled " Federal Account Symbols and Titles Book".Īccountable Officer: An accountable officer is a U.S. ![]() All financial transactions of the federal government are classified by TAS for reporting to Treasury and OMB. The term "Treasury Account Symbol" is a generic term used to describe any one of the account identification codes assigned by Treasury and is also referred to as the "account". The types of account fund groups are:Īccount Servicing: Account servicing includes monitoring the status of accounts of indebtedness, monitoring records of current debts, billing for amounts due, collecting amounts due, handling debtor correspondence, performing follow-up functions, and providing accurate reporting of debt portfolios.Īccount Symbol (also known as the Treasury Account Symbol or TAS): A Treasury Account Symbol (TAS) is an identification code assigned by the Department of the Treasury (Treasury), in collaboration with the Office of Management and Budget (OMB) and the owner agency, to an individual appropriation, receipt, or other fund account. Accounts are classified as either receipt or expenditure and are assigned to a fund group based on characteristics and the nature of the transactions they support. dollar check(s).Īccount: An account is the basis for reporting the federal government’s financial transactions. Acceleration is permitted in accordance with an acceleration clause included in the agreement.Īccommodation Exchange Transaction: Accommodation Exchange Transaction is the authorized exchange of equivalent monetary values in different forms to authorized persons, for example, foreign currency in exchange for U.S. Abandonment: Abandonment is the process of when the Bureau of the Fiscal Service terminates the check reclamation because the financial institution's liability for the reclamation was deemed inappropriate.Ībuse: Abuse is a violation of the Department of the Treasury, agency, or disbursement regulations or laws that impairs the effective and efficient performance of the responsibilities.Īcceleration: Acceleration is declaring the full amount of a debt due and payable in the event that a debtor defaults on the terms of an installment payment agreement.
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