G‐INVOICING

GUIDE FOR BASIC ACCOUNTIN

AND REPORTING

PREPARED BY:

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
Table of Contents

Background .............................................................................................................................................................................................

Overview .................................................................................................................................................................................................

IGT Buy/Sell Transaction Stages & Events ..............................................................................................................................................

General Terms & Conditions (GT&C) Stage ............................................................................................................................................

Order Stage .............................................................................................................................................................................................

Performance and Fund Settlement Stages.............................................................................................................................................

Adjustments............................................................................................................................................................................................Reimbursable Agreement without an Advance......................................................................................................................................

Capital Asset Buy/Sell .............................................................................................................................................................................

Assisted Acquisition ................................................................................................................................................................................

Reimbursable Agreement with an Advance ...........................................................................................................................................

G‐Invoicing Business Rules......................................................................................................................................................................

Business Rules by Reciprocal Category ...................................................................................................................................................

Conclusion...............................................................................................................................................................................................

Disclaimers..............................................................................................................................................................................................
BackgroundSince 1997, the U.S. Government Accountability Office (GAO) has disclaimed an opinion on the Financial Report (FR) of the U.SGAO cited a material weakness related to the Federal Government’s inability to account for and eliminate Intra-governmental Tran

Federal entities. Buy/Sell Intra-governmental differences play a significant part in the material weakness. G-Invoicing is being deve

platform for Federal Program Agencies (FPAs) to communicate with one another. While it is not an accounting system, G-Invoicin

support the accounting of Buy/Sell transaction events. Many FPAs are aware of challenges in the current Intra-governmental Buy/Sell environment: Not all FPAs utilize Interagency Agrsame IAA activities in parallel before they initiate the Intra-governmental Payment and Collection (IPAC) movement of funds. TheIPAC charges, potentially invalid charges, and a burdensome level of reconciliation. G-Invoicing will provide FPAs a necessary IAexist today; IAA details can be agreed upon before accounting transactions are initiated or funds settle between FPA accounts. In astandard data set, so all the FPAs are exchanging data in the same language. G-Invoicing will be able to capture the required/necessary data needed by both trading partners. After FPAs agree upon the data in 

Terms and Conditions (GT&C) and Order], they must submit a performance transaction to generate an IPAC for fund settlement to 

functionality and the use of analogous data standards, FPAs will see a vast reduction in the number of chargebacks and disputed tra

referenced to show differences such as accruals and help entities with their liquidation process. These features not only help reconc

partners, but they also assist the efforts of Fiscal Service during the IGT quarterly scorecard process. With streamlined efforts between trading partners, FPAs should realize cost savings from the synergies of working together. These 

one entity not spending as much time on IPAC chargebacks, or another entity having fewer IGT scorecard issues or financial report

resolve. G-Invoicing will improve the quality and reliability of IGT Buy/Sell information, and ultimately assist FPAs with achievin

Reimbursable Buy/Sell activity and IAAs encompass a diverse set of operations and business events, many of which are unique to addition, numerous stakeholders within an organization perform their own distinct tasks to ensure Buy/Sell transactions are process

correctly. G-Invoicing’s very flexible data access model provides FPAs with many administration options that best suit their busineFPAs should assess their business processes to evaluate the impact of the adoption of G-Invoicing.
OverviewG-Invoicing is an online platform for all FPA staff involved with IGT reimbursable activity (including funding officials, program o

approvers) to originate and settle Buy/Sell IAAs electronically. FPAs will use G-Invoicing to reflect their agreement on the funding treatment of their reimbursable activity, and to exchange that data with one another for consistent financial reporting. G-Invoicing will serve as: 

 An agreement broker (the mechanism by which FPAs arrange and negotiate the terms of the IAA). 

 A data exchange utility (the facilitation of the exchange of information between FPAs that ensures well-defined lines of co

 A conduit for sharing data and exchanging information on Buy/Sell IGT activity. 

Transitioning from a manual, paper-based IAA to entering IAAs into G-Invoicing will allow FPAs to manage the processing and ap

Buy/Sell transaction lifecycle: The GT&Cs, Orders, Performance, and Funds Settlement stages. IPAC will continue to operate as th

of funds between federal entities; however, the IPAC transaction will be initiated through the Performance transaction within G-InvAll IGT Buy/Sell activity will be accomplished through the use of the Federal Intra-governmental Data Standards (FIDS); The mosFIDS will occur during the development/enhancement of G-Invoicing) can be viewed at: G-Invoicing Webpage. The FIDS are desinformation that trading partners rely upon for the correct accounting of IGT Buy/Sell business events from initiation through funddevelop an IAA and complete the receipt/acceptance process with their trading partners, the records must leverage the FIDS to triggthe respective business activities of the Agreement Performance transaction. FPAs’ consistent use and thorough communication of recording of business events in every stage of the Buy/Sell transaction life cycle and will be enforced through System Mapping and Fiscal Service has emphasized that the key to addressing IGT Buy/Sell differences is for entities to communicate with each other. G

tool to make this communication seamless. This reference guide will walk through the various stages of G-Invoicing and how that e

allow FPAs to properly account for their Buy/Sell transactions using the USSGL TFM Supplement. Please note - The Ordering Agency is the Buyer, and the Performing Agency is the Seller. 
IGT Buy/Sell Transaction Stages & Events
General Terms & Conditions (GT&C) StageAs FPAs onboard and begin conducting reimbursable IGT transactions in G-Invoicing, they may begin the exchange of central tran

The Ordering Agency and the Performing Agency will work collaboratively to complete a GT&C, which allows FPAs to exchange certain parameters and criteria that will apply to the subsequent referencing Orders. The GT&C section identifies the general terms that govern Buy/Sell trades between the Ordering Agency and Performing Agency, responsibilities for both FPAs to ensure effective management of the IAA. GT&C data elements and information include contact in

dates, points of contact for each entity, and any terms for resolution or agreement termination. No fiscal obligations are created thro

and no proprietary accounting events are recorded. An IAA must contain one GT&C and at least one Order but may contain many 

Orders may be initiated by the Performing Agency (Seller-Facilitated Order) or by the Ordering Agency (Buyer-Initiated Order). T

Indicator (OOPI) is a required field on the GT&C that determines who will initiate the Orders under the GT&C. There cannot be a 

Facilitated Orders (SFO) and Buyer-Initiated Orders (BIO) under a single GT&C. G-Invoicing Events: 

 Either the Ordering Agency (Buyer) or the Performing Agency (Seller) begins the G-Invoicing document flow by cre

initiating the document enters their contact information, authorizing officials, agreement scope, roles, and any clauses

 The initiating party reviews the GT&C and shares a draft with their trading partner. Once all data is entered by both tr

for approval, either trading partner may approve first. 

 Both parties approve the GT&C, and the agreement becomes Open for Orders. 

Proprietary Entries for All Scenarios: No IGT Buy/Sell proprietary entries are entered at this stage. 
Order StageAfter both FPAs have exchanged basic contact information and each partner’s roles and responsibilities and have fully approved thinitiate an Order. With the introduction of Seller-Facilitated Order functionality through Release 4.1, either the Ordering Agency or initiate an Order within the application. Just one example of a barrier to effective communication between FPAs has been when sta

negotiating IAAs, but don’t have the necessary knowledge of accounting or information systems and are not prepared to make acco

agreement. Another advantage to G-Invoicing that FPAs will discover is that it allows staff members from assorted FPA departmen

knowledge without stressing over terminology. The Order is the funding section of the IAA that identifies the specific Ordering Agency requirements for the expected delivery of 

Performing Agency, and the corresponding accounting treatment. When both trading partners provide all the required fields determ

be created. Both partners will enter their respective TAS/BETC, additional accounting information, and shipping/delivery details. Modificationhowever, they must be provided by the Buyer on Buyer-Initiated Orders (BIOs) and Seller-Facilitated Orders (SFOs).G-Invoicing Events: 

Seller-Facilitated Orders (SFO)

 the Seller initiates an Order from an open GT&C. The Seller completes the Order with a single, agreed upon Statutory Auth

supporting data onto the appropriate Order Schedule lines. The Seller approves the Order. 

 The Buyer enters their supporting data onto the Order Schedule lines on the Order draft, and reviews the data entered by th

approves the Order. 

 The Buyer approving the Order prompts the Order to become Open. 

 The Seller incurs obligations against the Order. 

 Performance transactions may occur now that the Order is in Open status. 

 An Order cannot be closed until the respective totals of Performance Transactions by the Buyer and Seller agree. Dependin

Buyer’s Performance Transaction is optional, unless the Buyer disagrees with the Seller’s Performance Transaction. (See Fdetail.)

Buyer-Initiated Orders (BIO) 

 The Buyer initiates an Order from an open GT&C. The Buyer completes the Order with a single, agreed upon Statutory Au

supporting data onto the appropriate Order Schedule lines. The Buyer approves the Order. 

 The Seller enters their supporting data onto the Order Schedule lines on the Order draft, and reviews the data entered by the

approves the Order. 

 The Seller approving the Order prompts the Order to become Open. 
 The Seller incurs obligations against the Order.  Performance transactions may occur now that the Order is in Open status. 

 An Order cannot be closed until the respective totals of Performance Transactions by the Buyer and Seller agree. Dependin

Buyer’s Performance Transaction is optional, unless the Buyer disagrees with the Seller’s Performance Transaction. (See Fdetail.)

The FIDS completed within the Order stage convey a physical stamp of transaction type, period of performance, requirements for both entities. The FIDS within the Order stage will affect the accounting treatment of transactiothe Buy/Sell lifecycle. FIDS recorded within G-Invoicing that both FPAs should reference for their accounting transactions: 

 Capitalized Asset Indicator – Specifies when the Seller considers the line item to be a capitalized asset. For example, the 

recognized the asset as “Inventory.” This information is necessary for the Ordering Agency to make the proper accounting eliminations. 

 Assisted Acquisitions Indicator – Identifies whether the GT&C will accommodate Assisted Acquisitions. Through Assiste

Agency provides acquisition support services on behalf of the Requesting Agency. The Requesting Agency may leverage the administrative services and contracting vehicles to obtain goods/services from a third-party vendor. G-Invoicing will only 

between/to FPAs, it will not capture any activities with a non-federal third party during assisted acquisitions. 

 Advance Payment Indicator - Identifies whether Advance Payments are allowed for the Orders supporting the respective 

 FOB Point – Specifies at what point the Seller transfers ownership of the goods/services to the Buyer. This also determine

Transaction Type will initiate fund settlement (The Seller’s Delivered/Performed or the Buyer’s Received/Accepted.) o FOB Point: Source –The Buyer’s Performance Transactions are optional unless the Buyer disagrees with the Seller’s 

Order cannot be closed if the Buyer submits a Performance Transaction “Received/Accepted” that disagrees with the STransaction “Delivered/Performed”. 

o FOB Point: Destination/Other – The Seller’s “Delivered/Performed” transaction totals must equal the Buyer’s “Rec

Orders can be closed. The Buyer’s Performance Transactions are required. 

 Constructive Receipt Days – The agreed-upon number of days a Buyer must respond to a Performance Transaction. If th

Performance Transaction within this time frame, fund settlement will automatically initiate from the Seller’s Delivered/Per

Constructive Receipt Days timer begins on the later of Transaction Date or Performance Date. 

Proprietary Entries: No IGT Buy/Sell proprietary entries are entered at this stage.
Performance and Fund Settlement StagesIn today’s Buy/Sell transaction process, there is no standard form or means for exchanging accrual information. FPAs currently exc

email using different formats, or they do not share it at all. Accountants responsible for recording USSGL entries try to record this 

systems before month-end, and this accounting information is in turn reported to the Governmentwide Treasury Account Symbol A(GTAS). Once both FPAs have loaded their GTAS files, it quickly becomes apparent when FPAs have recorded conflicting inform

significant, requiring subsequent research and resolution. In addition, differences can exist from variations in policy interpretations, differences in delivery methods, and/or discrepancies in services performed for continuous contracts. One example is when one FPA recognizes its accounting transactions at the shipping pdoes not recognize events until the point at which goods are received. Another instance occurs when a Buyer and Seller cannot recocontract at the same proportion of performance completed because both partners use different calculation methods. FASAB guidance states that revenue is to be recognized as goods are delivered and as services are performed, or in proportion to th

performed. By communicating with each other throughout the lifecycle of the transaction and using consistent policy for recording a better opportunity to record transactions to GTAS in a consistent manner, and thus reduce the number of IGT differences. 

How exactly will G-invoicing accomplish the goal of allowing FPAs to communicate and share information with one another? Fis

stage to the Buy/Sell transaction process, called the Performance Transaction. The Buyer and Seller must agree on the FOB Point a

determines which Performance Transaction initiates fund settlement, as reflected below: 

 Source - Fund settlement is initiated by the Seller’s Performance transaction when Performance Type is ‘Delivered/Perfor

 Destination - Fund settlement is initiated by the Buyer’s Performance transaction when Performance Type is ‘Received/A

constructive receipt days, previously agreed upon at the Order level, have expired 

 Other - Fund settlement is initiated by the Buyer’s Performance transaction when Performance Type is ‘Received/Accept

receipt days, previously agreed upon at the Order level, have expired 

Based upon data entered in the Performance Date and Transaction Date, both the Buyer and Seller will be able to record the accrua

and for the same amount. This selection, along with the exchange of the applicable performance record, will determine the amount Fund settlement occurs upon completion of the Performance Transaction. FPAs will no longer manually create IPACs or submit bu

Buy/Sell transactions. G-Invoicing will create the IPACs on the FPA’s behalf. G-Invoicing will also retrieve the remittance advice 

update the associated Orders. 
FIDS recorded within G-Invoicing from which both FPAs should reference for their accounting transactions: 

 Performance Type – Identifies the type of performance recorded (Delivered/Performed, Received/Accepted, Advance, and 

Accounting events; Shipped and Estimated Delivery will share information only.) 

o Delivered/Performed – A Seller completes this Performance Type to indicate it has transferred control of the goods/o Received/Accepted – A Buyer completes this Performance Type to indicate it has received the goods/services from tho Advance – The Performance Transaction Type used for transactions in which advance payments are settled prior to 

goods/services. As delivery/performance occurs, entries are shared to liquidate the advance and to recognize revenue

o Deferred Payment – The Performance Transaction Type used for work in progress transactions to communicate the 

completed, but to settle funds later from work completion. 

 Performance Date – The date on which the delivery of goods/completion of services takes place. The Performance Date d

should be made for revenue/expense and accounts payable/accounts receivable. 

 Transaction Date – The date and time which an entity’s authorized user enters the performance transaction into G-Invoic

initiates the IPAC transaction and fund settlement. 

 Accomplished Date – The date in which IPAC data is sent back to G-Invoicing in the remittance file and the fund settleme

some cases, the Transaction Date and Accomplished Date may differ because of an IPAC cutoff at the end of a monthly rep

G-Invoicing Events: 

FOB Point – Source 

 Seller submits Performance Transaction with Performance Type ‘Delivered/Performed’. 

 Accruals are recorded as of the Performance Date entered by the Seller, and an IPAC is automatically initiated to settle fun

 Buyer may submit a Performance Transaction. (Not submitting a Performance Transaction infers the agreement w

FOB Point – Destination 

 Seller submits Performance Transaction with Performance Type ‘Delivered/Performed’. Constructive receipt days begin. 

 Accruals are recorded as of the Performance Date based on the Seller’s Performance Transaction with Performance Type ‘D

 Buyer submits Performance Transaction with Performance Type ‘Received/Accepted’. 

 An IPAC is created as of this Transaction Date (if completed before constructive receipt days expire).
AdjustmentsIn today’s Buy/Sell environment, FPAs spend a vast number of resources on IPAC chargebacks. They experience sizable levels of transactions near the end of accounting periods in attempts to correctly account for reimbursable activity. In addition, chargebacks 

reconciliations of Fund Balance with Treasury, Order balances, and other metrics. In some cases, chargebacks and adjustments can 

forth between entity accounts, further complicating reconciliations and procurement work. However, as Buy/Sell data is exchanged application, the number of chargebacks will be appreciably reduced. Required data needed by trading partners will be recorded witavailable to reference in any events of disputed transactions. G-Invoicing will offer FPAs the ability to correct transactions via Adjustments through “negative” Performance Transactions. Adju

FOB Point: Under FOB Source transactions, the Seller may adjust; Under FOB Destination, the Buyer may adjust.

G-Invoicing Events (with Adjustments): FOB Point – Source 

 Seller submits a Performance Transaction with Performance Type ‘Delivered/Performed’. 

 Both partners record accruals as of the Performance Date, based on the Seller’s Performance Transaction, and an IPAC is a

funds on the Transaction Date. 

 Buyer submits an informational Performance Transaction with Performance Type “Received/Accepted”. 

*Later, adjustments are deemed necessary by the Buyer* 

 After determining a refund is needed, the Buyer submits a negative Performance Transaction to the Seller, showing the num

not accept. No funds are settled in IPAC. 

 The Seller completes a negative Performance Transaction to adjust the original fund settlement down to the correct numbe

the Buyer. An IPAC is automatically initiated to settle funds on the Transaction Date. 

Reimbursable Agreement without an Advance, Adjustments Necessary - FOB Source. 

G-Invoicing Initiator G-Invoicing Event Amount 

Transaction Date Accounting Recogni

Seller Order is approved for $20,000 and Open. $20,000 09/07/2021 - Seller Seller delivers $1,000 of goods and enters a Performance Type of “Delivered/Performed”. $1,000 09/09/2021 Both partners record 

ACCRUALS. Both partners record 

Buyer Buyer receives $1,000 of goods and enters a Performance Type “Received/Accepted” (Informational Purposes Only.) $1,000 09/15/2021 -Buyer Buyer requests a $200 refund adjustment by entering a 

Performance Type of “Received/Accepted”. - $200 10/09/2021 -

Seller Seller agrees and completes a $200 refund adjustment with a Performance Type of “Delivered/Performed”. - $200 10/12/2021 Both partners record 

ACCRUALS. Both partners record 

Buyer Order is Closed; The remaining Order balance is $200. $200 10/31/2021 - 
o FOB Point: Source –The Buyer’s Performance Transactions are optional unless the Buyer disagrees with the Seller’s Perfo

cannot be closed if the Buyer submits a Performance Transaction “Receives/Accepted” that disagrees with the Seller’s Perfo

“Delivered/Performed”. 

o FOB Point: Destination/Other – The Seller’s “Delivered/Performed” transaction totals must equal the Buyer’s “Received/

can be closed. The Buyer’s Performance Transactions are required. 

FOB Point – Destination 

 Seller submits Performance Transaction with Performance Type ‘Delivered/Performed’. Constructive receipt days begin. 

 Both partners record accruals as of the Performance Date, based on the Seller’s Performance Transaction. 

 Buyer submits Performance Transaction with Performance Type ‘Received/Accepted’. 

 An IPAC is created as of this Transaction Date (if completed before constructive receipt days expire) and funds settle. 

*Later, adjustments are deemed necessary by the Buyer* 

 After determining a refund is needed, the Buyer submits a negative Performance Transaction to the Seller, showing the num

not accept. An IPAC is automatically initiated to settle funds on the Transaction Date. 

 The Seller’s “Delivered/Performed” transaction totals must equal the Buyer’s “Received/Accepted” totals before Orders ca

Reimbursable Agreement without an Advance, Adjustments Necessary - FOB Destinatio

G-Invoicing Initiator G-Invoicing Event Amount 

Transaction Date 

Accounting Recogni

Seller Order is approved for $20,000 and Open. $20,000 09/07/2021 - Seller Seller delivers $1,000 of goods and enters a Performance Type of “Delivered/Performed”. $1,000 09/09/2021 Both partners record 

ACCRUALS. 

Buyer Buyer receives $1,000 of goods and enters a Performance Type of “Received/Accepted”. $1,000 09/15/2021 Both partners record Buyer Buyer requests a $200 refund adjustment by entering a Performance Type of “Received/Accepted”. - $200 10/09/2021 Both partners record Seller Seller agrees and completes a $200 refund adjustment with a Performance Type of “Delivered/Performed”. - $200 10/12/2021 Both partners record 

ACCRUALS. 

Buyer Order is Closed; The remaining Order balance is $200. $200 10/31/2021 - 
Reimbursable Agreement without an AdvanceScenario 1: The Ordering and Performing Agencies have entered an Order for $1,000 in services. The Performing Agency creates 

Transaction on 10/02/21 with Performance Date 9/30/21 and reference the September 2021 Accounting Period. 

 FOB Point = Source 

o Fund settlement will occur via IPAC upon the completion of the Performing Agency’s Delivered/Performed transa

Accounting Period, in line with the Accomplished Date. 

 Capitalization Indicator = False  Assisted Acquisition Indicator = No.  The Ordering Agency agrees with the Performing Agency’s Delivered/Performed Transaction and does not create an inform

Transaction.1

Transaction 1: Performing Agency creates a Delivered/Performed Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

SOURCE FALSE NO DELIVERED/PERFORMED 10/02/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

610000 Operating Expenses (RC24) 1,000 B402 131000 Accounts Receivable (RC22) 

211000 Accounts Payable (RC22) 1,000 520000 Revenue from Services Provided 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PeriTo record the delivery of goods and to accrue a liability. To record the collection of revenue earned in the perf

agreement without an advance. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

211000 Accounts Payable (RC22) 1,000 B110 101000 Fund Balance with Treasury 

101000 Fund Balance with Treasury 1,000 131000 Accounts Receivable (RC22) 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PeriTo record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Perform

services. 

1 The Ordering Agency has the option of, and is recommended, to provide a Received/Accepted transaction to reflect concurrence with Perf

Delivered/Performed transaction but it is not a required action within the G‐Invoicing application.
Scenario 2: The Ordering and Performing Agencies have entered an Order for $1,000 in services. The Performing Agency creates 

Transaction on 10/02/21 with Performance Date 9/30/21 and reference the September 2021 Accounting Period. 

 FOB Point = Destination 

o Fund Settlement will occur via IPAC in the amount, and upon completion, of the Ordering Agency’s Received/Acc

 Capitalization Indicator = False  Assisted Acquisition Indicator = No  The Ordering Agency disagrees with the amount on the Delivered/Performed Transaction, and on 10/14/21, they create a R

for $800. 

 The Performing Agency agrees and adjusts their Delivered/Performed Transaction by -$200, reconciling the variance with 

Transaction 1: Performing Agency creates a Delivered/Performed Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

DESTINATION FALSE NO DELIVERED/PERFORMED 10/02/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

610000 Operating Expenses (RC24) 1,000 

B402 

131000 Accounts Receivable (RC22) 

211000 Accounts Payable (RC22) 1,000 

520000 Revenue from Services Provided (RC24) 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PerTo record the delivery of goods and to accrue a liability. To record the collection of revenue earned in the pe

agreement without an advance. 

Transaction 2: The Ordering Agency creates a Received/Accepted Transaction or the constructive receipt days expire. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

DESTINATION FALSE NO RECEIVED/ACCEPTED 10/14/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

211000 Accounts Payable (RC22) 800 B110 101000 Fund Balance with Treasury 

101000 Fund Balance with Treasury 800 131000 Accounts Receivable (RC22) 

Accomplished Date: 10/14/21 - Accounting Period 1 Accomplished Date: 10/14/21 - Accounting PTo record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Perfor

services. 

Transaction 3: Performing Agency creates a negative Delivered/Performed Transaction to adjust the original transaction of $1,000
FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

DESTINATION FALSE NO DELIVERED/PERFORMED 10/20/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

211000 Accounts Payable (RC22) 200 B402R 

520000 Revenue from Services Provided (RC24) 

610000 Operating Expenses (RC24) 200 131000 Accounts Receivable (RC22) 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PTo record a negative adjustment to expenses and the liability. To record the negative adjustment of revenue ear

reimbursable agreement without an advance. 
Capital Asset Buy/SellScenario 1: The Ordering and Performing Agencies have entered an Order for Equipment in the amount of $5,000. The Performin

Delivered/Performed Transaction on 10/02/21 with Performance Date 9/30/21 and reference the September 2021 Accounting Perio

 FOB Point = Source 

o Fund settlement will occur via IPAC upon the completion of the Performing Agency’s Delivered/Performed transa

Accounting Period, in line with the Accomplished Date. 

 Capitalization Indicator = True  Assisted Acquisition Indicator = No  The Equipment meets the capitalization threshold for the Ordering Agency, but the Ordering Agency creates a Received/A

on 10/14/21, disagreeing with the Performing Agency’s Delivered/Performed amount. 

 The Performing Agency agrees that the Ordering Agency is correct and creates a negative Delivered/Performed Transactio

Delivered/Performed transaction. 

Transaction 1: The Performing Agency creates a Delivered/Performed Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT 

CAPITALIZATION 

INDICATOR 

ASSISTED ACQUISITION 

INDICATOR PERFORMANCE TYPE 

TRANSACTION 

DATE 

PERFO

DA

SOURCE TRUE NO DELIVERED/PERFORMED 10/07/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

175000 Equipment 5,000 B402 131000 Accounts Receivable (RC22) 5

211000 Accounts Payable (RC22) 5,000 510000 Revenue from Goods Sold (RC

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting Pe(Assumes a title has been passed when the goods are delivered.) TC B402 can include supplies, inventory, materials, land, equipment, buildings, PPE, or costs. However, additional memo entries are required for capital assets. 

TC A714 includes revenue accounts for both gooddistinction is necessary. A714 can include supplieequipment, buildings, PPE, or costs. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

880200 Purchases of Property, Plant, & Equipment (RC24) 5,000 G1202 650000 Cost of Goods Sold (RC24) 5

880100 Offset for Purchases of Assets (RC24) 5,000 152100 Inventory Purchased for Resal

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PeTo record activity for current-year purchases of PP&E. To record cost of goods sold. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

211000 Accounts Payable (RC22) 5,000 B110 101000 Fund Balance with Treasury 5

101000 Fund Balance with Treasury 5,000 131000 Accounts Receivable (RC22) 

Accomplished Date: 10/07/21 - Accounting Period 1 Accomplished Date: 10/07/21 - Accounting To record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Perfo

services. 
Transaction 2: Since the Ordering Agency does not agree with the amount, they create an informational Received/Accepted Trans

Delivered/Performed Transaction created by the Performing Agency. It is important to remember that, in this instance, no acco

needed because this is informational only for the purpose of informing the Performing Agency that adjustments may be neeTransaction 3: The Performing Agency agrees and creates a negative Delivered/Performed Transaction for -$500, which resolves difference, and causes fund settlement of the $500 to occur. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERF

SOURCE TRUE NO DELIVERED/PERFORMED 10/20/2021 09

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

211000 Accounts Payable (RC22) 500 B402R 510000 Revenue from Goods Sold (RC24) 

175000 Equipment 500 131000 Accounts Receivable (RC22) 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PTo record a negative adjustment. (Assumes a title has been passed when the goods are delivered.) TC B402 can include supplies, inventory, materials, land, equipment, buildings, PPE, or costs. However, additional memo entries are required for capital assets. 

To record a negative adjustment to the collection agency for a reimbursable agreement without an a

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

880100 Offset for Purchases of Assets (RC24) 500 

G120R2

152100 Inventory Purchased for Resale 

880200 Purchases of Property, Plant, & Equipment (RC24) 500 650000 Cost of Goods Sold (RC24) 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PTo record a negative adjustment to activity for current-year purchases of PP&E. To record a negative adjustment to cost of goods 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

101000 Fund Balance with Treasury 500 B110R 131000 Accounts Receivable (RC22) 

211000 Accounts Payable (RC22) 500 101000 Fund Balance with Treasury 

Accomplished Date: 10/20/21 - Accounting Period 1 Accomplished Date: 10/20/21 - Accounting To record funds received due to a negative adjustment. To record a negative adjustment by the Performing 
Scenario 2: The Ordering and Performing Agencies have entered an Order for Equipment in the amount of $5,000. The Performin

Delivered/Performed Transaction on 10/02/21 with Performance Date 9/30/21 and reference the September 2021 Accounting Perio

 FOB Point = Destination 

o Fund Settlement will occur via IPAC in the amount, and upon completion, of the Ordering Agency’s Received/Acc

 Capitalization Indicator = True  Assisted Acquisition Indicator = No  The Equipment meets the capitalization threshold for the Ordering Agency, and the Ordering Agency creates a Received/A

on 10/14/21, agreeing with the Performing Agency’s Delivered/Performed amount. 

Transaction 1: The Performing Agency creates a Delivered/Performed Transaction.

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

DA

DESTINATION TRUE NO DELIVERED/PERFORMED 10/02/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

175000 Equipment 5,000 B402 131000 Accounts Receivable (RC22) 5

211000 Accounts Payable (RC22) 5,000 510000 Revenue from Goods Sold (RC2

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting Perio(Assumes a title has been passed when the goods are delivered.) TC B402 can include supplies, inventory, materials, land, equipment, buildings, PPE, or costs. However, additional memo entries are required for capital assets. 

TC A714 includes revenue accounts for both goods andistinction is necessary. A714 can include supplies, inequipment, buildings, PPE, or costs. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

880200 Purchases of Property, Plant, & Equipment (RC24) 5,000 G1202 650000 Cost of Goods Sold (RC24) 5

880100 Offset for Purchases of Assets (RC24) 5,000 152100 Inventory Purchased for Resale 

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting PerioTo record activity for current-year purchases of PP&E. To record cost of goods sold. 

Transaction 2: The Ordering Agency creates a Received/Accepted Transaction.

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

DESTINATION TRUE NO RECEIVED/ACCEPTED 10/14/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

211000 Accounts Payable (RC22) 5,000 B110 101000 Fund Balance with Treasury 5

101000 Fund Balance with Treasury 5,000 131000 Accounts Receivable (RC22) 

Accomplished Date: 10/14/21 - Accounting Period 1 Accomplished Date: 10/14/21 - Accounting PerioTo record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Performing 

services. 
Assisted Acquisition2Scenario 1: The Ordering Agency is utilizing the purchasing contract of the Performing Agency to buy an asset from a non-federalAccording to the agreement, the Ordering Agency will pay the Performing Agency, which in turn will pay the non-federal vendor f

Agency creates a Delivered/Performed Transaction on 10/02/21, with Performance Date 9/30/21 

 FOB Point = Source 

o Fund settlement will occur via IPAC upon the completion of the Performing Agency’s Delivered/Performed transa

Accounting Period, in line with the Accomplished Date. 

 Capitalization Indicator = False3

 Assisted Acquisition Indicator = True  The Ordering Agency agrees with the Performing Agency’s Delivered/Performed Transaction and completes a Received/A

amount. 

Transaction 1: The Performing Agency creates a Delivered/Performed Transaction.

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFORM

DATE 

SOURCE FALSE YES DELIVERED/PERFORMED 10/02/2021 09/30/2021 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

610000 Operating Expenses (RC24) 5,000 B402 131000 Accounts Receivable (RC22) 

211000 Accounts Payable (RC22) 5,000 510000 Revenue from Goods Sold (RC

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting P(Assumes a title has been passed when the goods are delivered.) TC B402 can include supplies, inventory, materials, land, equipment, buildings, PPE, or costs. 

TC A714 includes revenue accounts for both gooddistinction is necessary. A714 can include supplieequipment, buildings, PPE, or costs. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

175000 Equipment 5,000 

661000 (N) Cost Capitalization Offset 5,000 D514

Performance Date: 9/30/21 - Accounting Period 12 To record activity for current-year purchases of PP&E. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

880200 (N) Purchases of Property, Plant, & Equipment 5,000 G120 880100 (N) Offset for Purchases of Assets 5,000 Performance Date: 9/30/21 - Accounting Period 12 To record activity for current-year purchases of PP&E. 

2 G‐Invoicing will only capture the transactions between/to FPAs, not activities with a non‐federal third party.3 While the Ordering Agency is obtaining an asset, the Performing Agency never has the asset capitalized, which is the intent of the Capitalization Indicator.
ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

211000 Accounts Payable (RC22) 5,000 B110 101000 Fund Balance with Treasury 5

101000 Fund Balance with Treasury 5,000 131000 Accounts Receivable (RC22) 

Accomplished Date: 10/07/21 - Accounting Period 1 Accomplished Date: 10/07/21 - Accounting To record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Perf

services. 

Transaction 2: The Ordering Agency creates a Received/Accepted Transaction that matches the Delivered/Performed Transaction 

Agency. It is important to remember that, in this instance, no accounting transactions are needed because this is informatio
Scenario 2: The Ordering Agency is utilizing the purchasing contract of the Performing Agency to buy an asset from a non-federalAccording to the agreement, the Ordering Agency will pay the Performing Agency, which in turn will pay the non-federal vendor f

Agency creates a Delivered/Performed Transaction on 10/02/21, with Performance Date 9/30/21. 

 FOB Point = Destination 

o Fund Settlement will occur via IPAC in the amount, and upon completion, of the Ordering Agency’s Received/Acc

 Capitalization Indicator = False4

 Assisted Acquisition Indicator = True  The Ordering Agency does not respond to the Performing Agency’s Delivered/Performed Transaction and Constructive Re

Invoicing application will create a Received/Accepted transaction in the same amount. 

Transaction 1: The Performing Agency creates a Delivered/Performed Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

DA

DESTINATION FALSE YES DELIVERED/PERFORMED 10/02/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

610000 Operating Expenses (RC24) 5,000 B402 131000 Accounts Receivable (RC22) 5

211000 Accounts Payable (RC22) 5,000 510000 Revenue from Goods Sold (RC

Performance Date: 9/30/21 - Accounting Period 12 Performance Date: 9/30/21 - Accounting Pe(Assumes a title has been passed when the goods are delivered.) TC B402 can include supplies, inventory, materials, land, equipment, buildings, PPE, or costs. 

TC A714 includes revenue accounts for both gooddistinction is necessary. A714 can include supplieequipment, buildings, PPE, or costs. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

175000 Equipment 5,000 

661000 (N) Cost Capitalization Offset 5,000 D514

Performance Date: 9/30/21 - Accounting Period 12 To record reclassification of expenses to asset accounts. 

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY D

880200 (N) Purchases of Property, Plant, & Equipment 5,000 G120 880100 (N) Offset for Purchases of Assets 5,000 Performance Date: 9/30/21 - Accounting Period 12 To record activity for current-year purchases of PP&E. 

4 While the Ordering Agency is obtaining an asset, the Performing Agency never has the asset capitalized, which is the intent of the Capitalization Indicator.
Transaction 2: The constructive receipt days expire, and G-Invoicing systematically creates a Received/Accepted Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

DA

DESTINATION FALSE YES RECEIVED/ACCEPTED 10/20/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

211000 Accounts Payable (RC22) 5,000 B110 101000 Fund Balance with Treasury 5

101000 Fund Balance with Treasury 5,000 131000 Accounts Receivable (RC22) 

Accomplished Date: 10/20/21 - Accounting Period 1 Accomplished Date: 10/20/21 - Accounting To record a confirmed disbursement schedule previously accrued. To record the collection of receivables in the Perfo

services. 
Reimbursable Agreement with an AdvanceScenario 1: The Ordering and Performing Agency created an Order and agreed to settle funds in advance of goods being deliveredan Advance Transaction on 08/07/21 to generate an advance payment/collection of funds for $1,000. On 10/02/21, the Performing A

by creating a Delivered/Performed Transaction for $1,000, with a Performance Date of 09/30/21. 

 FOB Point = Source or Destination  Capitalization Indicator = False  Assisted Acquisition Indicator = No  On 10/20/21, the Ordering Agency creates an informational negative Received/Accepted Transaction for $800 to indicate t

an adjustment is needed. 

 The Performing Agency agrees and adjusts the original Delivered/Performed Transaction by -$200 on 10/20/21. 

Transaction 1: The Performing Agency creates an Advance Performance Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

ANY FALSE NO ADVANCE 08/07/2021 N

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY DE

141000 Advances and Prepayments (RC 23) 1,000 B308 101000 Fund Balance with Treasury 1,0

101000 Fund Balance with Treasury 1,000 

231000 Liability for Advances and Prepayments (RC 23) 

Accomplished Date: 08/07/21 - Accounting Period 12 Accomplished Date: 08/07/21 - Accounting PTo record current-year undelivered orders with an advance. To record a collection of an advance for an unfilled 

Transaction 2: The Performing Agency liquidates the advance by creating a Delivered/Performed Transaction. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

SOURCE FALSE NO DELIVERED/PERFORMED 10/02/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

610000 Operating Expenses (RC24) 1,000 B604 

231000 Liability for Advances and Prepayments (RC 23) 

141000 Advances and Prepayments (RC 23) 1,000 510000 Revenue from Goods Sold (RC

Performance Date: 09/30/21 - Accounting Period 12 Performance Date: 09/30/21 - Accounting To record the delivery of goods in which the Order was prepaid or advanced. To record the collection of revenue earned related 
Transaction 3: The Ordering Agency creates an informational negative Received/Accepted Transaction on 10/20/21 for $800 to inPerforming Agency’s Delivered/Performed Transaction. It is important to remember that, in this instance, no accounting transthis is informational only for the purpose of informing the Performing Agency that adjustments may be needed. Transaction 4: The Performing Agency agrees with the Ordering Agency’s Received/Accepted Transaction and creates a negative 

Transaction to correct the liquidation. 

FIDS on the Order and Performing Agency’s Performance Transactions 

ORDER PERFORMANCE 

FOB POINT CAPITALIZATION INDICATOR ASSISTED ACQUISITION INDICATOR PERFORMANCE TYPE TRANSACTION DATE PERFO

D

SOURCE FALSE NO DELIVERED/PERFORMED 10/20/2021 09/3

ORDERING AGENCY DEBIT CREDIT TC PERFORMING AGENCY 

141000 Advances and Prepayments (RC 23) 200 B604 

510000 Revenue from Goods Sold (RC24) 

610000 Operating Expenses (RC24) 200 

231000 Liability for Advances and Prepayments (RC 23) 

Performance Date: 09/30/21 Performance Date: 09/30/21 To record a negative adjustment to the delivery of goods in which the Order was prepaid or advanced. 

To record a negative adjustment to the collection reimbursable agreement. 
G‐Invoicing Business RulesFiscal Service established a mandate in the Treasury Financial Manual (TFM) for the use of Government Invoicing (G-Invoicgovernmental transactions (IGT). This mandate is a phased approach that requires new Buy/Sell activity to be implemented by Octo be converted by October 2023. Fiscal service will monitor Entity compliance to meet the G-Invoicing mandate by defining mcompliance levels and communicating those levels to the Entity. One way in which Fiscal Service will measure an Entity’s complian

the data that an Entity reports in the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and the Pin G-Invoicing. This document defines the G-Invoicing specifications needed to compare with bulk file data entered by agencies measuring agency compliance with the G-Invoicing mandate. Certain transactions an Entity completes in G-Invoicing create the need to post accounting journal entries within the Entity’s intjournal entries feed the Entity’s trial balance, thereby, impacting the Entity’s financial statement lines and reciprocal categories (RCReceivable/Payable, RC23 Advances and Prepayments to/from Others, and RC24 Buy/Sell Revenue/Costs. The rules describe t

transactions that are expected to affect the previously mentioned RCs. The dollar amounts derived from these rules will be used as t

GTAS data. Percentages calculated from this comparison will be used to measure the compliance based on a metric of percentage thlight rating Green, Yellow, and Red to be reflected on the IGT scorecard. The percentage thresholds will be incrementally increased Performance Transaction Types The types of G-Invoicing Transactions are Delivered/Performed, Received/Accepted, Advance, and Deferred Payment. The BuPerformance Transactions can be found at TFM Volume 1, Part 2, Chapter 4700, Appendix 8, Section 2.6.

Delivered/Performed: Performance Transaction submitted by the Seller to indicate that they have transferred control or performe

The completion of this transaction would indicate a receivable/revenue being recorded by the Seller and should be reciprocated w

the Buyer. If the Order is operating under FOB Point of Source, this Performance Transaction will automatically initiate settlement Received/Accepted: Performance Transaction submitted by the Buyer to indicate receipt and acceptance of the goods/services fr

after the Seller has completed a Delivered/Performed transaction. If the Order is operating under FOB Point of Destination, thi

automatically initiate settlement through the IPAC application. If receipt and acceptance is not provided by the expiration of the agreed upon Constructive Receipt Days, automatic 

generated through G-Invoicing to align with the Seller’s Delivered/Performed transaction and initiate settlement. Advance: Performance Transaction submitted by the Seller to collect an advance payment from the Buyer. The Seller will be able to iTransaction to generate an advance collection/payment of funds regardless of FOB Point domain value. Completion of this 

automatically initiate fund settlement through the IPAC application. Any Delivered/Performed transactions against Schedules winitiate settlement but should be used to draw down the advance balance on the Schedule. Upon, completion of settlement of an a

Seller must record the appropriate asset and liability to reflect the advanced balance. 
Calculation: Advance Payment – Delivered/Performed = Open advance/prepaid balance 

Deferred Payment: Performance Transaction submitted by the Seller to communicate work completed, but not yet billed. The comindicate a receivable and revenue recorded by the Seller and should be reciprocated with an expense and payable by the Buyer. Th

not initiate fund settlement through the IPAC application and is designed to only communicate the amount of work completed by thPayment cannot exceed the undelivered balance on the Schedule. Deferred Payment transactions reduce the amount of the undelivePeriod. For Deferred Payments transactions, the amount of the accrual entry will equal the amount of the Deferred Payment transacti

Payment transaction completed in G-Invoicing is only applicable to the Accounting Period referenced on the Performance TransactiPeriod). G-Invoicing will consider this Deferred Payment amount as life-to-date and any subsequent Deferred Payment transAccounting Period will override the previous Deferred Payment transaction. The Performance Transactions completed by the Seller 

by both entities, at a minimum, on a quarterly basis to ensure both parties agree. Recording Capitalized Assets: When the Capitalization Indicator on a Performance Transaction is True, Federal entities should 

Capital Asset and Inventory Buy/Sell Transactions document concerning USSGL guidance on capitalized assets located on guidance demonstrates where these USSGL accounts are cross walked allowing for proper intra-governmental eliminations at 

Performance Transaction where the Capitalization Indicator is True would indicate a Receivable/Revenue from Goods Sold alonbeing recorded by the Seller which should be reciprocated by the Buyer with a capital asset/payable and a Purchase of Asset/Purcrecorded. The use of the Purchase of Asset/Purchase of Asset Offset accounts allows the Buyer to properly record their capital assthe transaction over to the federal reciprocal category accounts, thus reciprocating the Sellers transactions, and eliminating intra-go
Business Rules by Reciprocal Category

1 Buyer Business Rules 

1.1 RC22 (22.3 - Accounts Payable, and Other Liabilities) 

1.1.1 Delivered/Performed Transactions that are FOB point value domain Source on non-advance order/line/sch

1.1.2 Delivered/Performed Transactions that are FOB point value domain Destination on non-advance order

corresponding settled Received/Accepted Transactions. 

1.1.3 Active Deferred Payment Transactions. 

1.2 RC23 (5 - Advances to Others and Prepayments) 

1.2.1 Advance Performance Transactions that have settled, less Delivered/Performed Transactions on an advanc

1.3 RC 24 (7.3 - Buy/Sell Costs) 

1.3.1 Delivered/Performed Transactions order/line/schedule where capitalization indicator is False. 1.3.2 Deferred Payment Transactions order/line/schedule where capitalization indicator is False. 

1.4 RC 24 (7.4 - Purchase of Assets) 

1.4.1 Delivered/Performed Transaction order/line/schedule where capitalization indicator is True. 

1.5 RC 24 (12.3 - Purchase of Assets Offset) 

1.5.1 Delivered/Performed Transaction order/line/schedule where capitalization indicator is True. 

2 Seller Business Rules 

2.1 RC22 (3.4 - Accounts Receivable) 

2.1.1 Delivered/Performed Transactions that are FOB Point domain value Source on non-advance order/line/sch

2.1.2 Delivered/Performed Transactions that are FOB Point domain value Destination on non-advance order

corresponding settled Received/Accepted Transactions. 

2.1.3 Active Deferred Payment Transactions. 

2.2 RC23 (25 - Advances from Others and Deferred Credits) 

2.2.1 Advance Performance Transactions that have settled, less Delivered/Performed Transactions on an advanc

2.3 RC 24 (12.2 - Buy/Sell Revenue) 

2.3.1 Delivered/Performed Transactions. 2.3.2 Deferred Payment Transactions. 

2.4 RC 24 (7.3 - Buy/Sell Costs) 

2.4.1 Delivered/Performed Transactions order/line/schedule where capitalization indicator is True.
ConclusionFiscal Service’s intent is to provide onboarding FPAs the flexibility required to meet their varied business process needs, while also 

standardization and process steps to address the accounting challenges that affect the government today. With G-Invoicing, FPAs w

information with one another, laying the groundwork to drive improved transaction processing and financial reporting, and to drive Governmentwide! Efforts should begin now to start along the road towards full G-Invoicing implementation. 

Disclaimers

 As FPAs are negotiating their GT&C and Order, they may see Budgetary accounting events at different stages of the transa

partners. The enactment of an appropriation, the apportionment of funds by OMB, and the allotment of authority may all oc

In addition, some budgetary events may vary depending on the types of funds and their authority prior to the Order Stage. Afrom G-Invoicing when appropriate and use professional discernment and refer to the Transaction Codes already in the USbudgetary accounting entries. Ultimately, agencies should refer to their respective budget office and OMB Circular No. A-

are properly recorded. 

 Each FPA's accounting office must verify the accuracy of the transactions retrieved from IPAC and G-Invoicing. FPAs foll

record the transactions applicable to their TAS as of the accomplished/transaction date reflected in IPAC and G-Invoicing. responsible for their own Anti-Deficiency Act (ADA) monitoring. 

 Reporting requirements for CARS and GTAS will not be affected by the implementation of G-Invoicing. 

 G-Invoicing accommodates Buy/Sell, reimbursable exchange transactions, in which one federal entity provides goods or se

and funds are exchanged. 

o Fiduciary (Investments & Borrowings), Retirement and Insurance Transfer System (RITS), Treasury Receivable A

System (TRACS), Grants, Pension, and non-Buy/Sell activity will still be maintained in IPAC. 

o Non-expenditure transfers should be managed in the appropriate CARS modules. o Payments to state and local governments should continue to be disbursed through other payment mechanisms.