Office of Financial Business Operations

The Office of Financial Business Operations provides financial systems and operations services to VA’s Administrations and staff offices.   Among its responsibilities:

• Maintains and modifies VA’s corporate financial accounting systems:
  • Financial Management System (FMS), VA’s core financial accounting system
  • Personnel Accounting Integrated Data (PAID) system (VA’s payroll and human resources system) and related self-service applications.
    
    
• Develops and implements long-range financial systems initiatives in concert with applicable VA offices (Administrations, Chief Information Officer), such as e-Payroll.
  
  
• Ensures that systems passing financial information to the FMS comply with Governmentwide accounting principles and standards and with financial systems policy/automated financial data exchange requirements.
  
  
• Functions as the fiscal office for VA Central Office in handling such matters as:
  • Suspense Accounts
  • Payables/Undelivered Orders
  • Accounts Receivables
  • Reimbursements
  • Obligation of Purchase and Service Orders
  • Processing of Manual Travel Authorities and Vouchers
  • Processing of FedTraveler Daily Rejects
  • Expenditure Transfers
  • Credit Card Reallocations
  • Offset Recurring/Non-Recurring Federal Advances
  • Reconciling Fixed Assets Account
  • Reconciling Work-In-Process for Equipment
  • VA Central Office – Bills of Collections
  • Processing Certified Invoices via the On-Line Certification System
  • VA Central Office – Agent Cashier Office
  • Reconciling Obligations of the Supply Fund – One VA Plus Fund Program
  • Liaison between Financial Services Center, VA Central Office staff, and local vendors