The Office of Finance is responsible for continually improving the quality of the Department’s financial services. It maintains stewardship of Departmental resources and provides financial information, financial statements, and reports on VA’s appropriations and funds (general, revolving, special, and deposit) for cost and obligation accounting. The Office of Finance establishes financial policy for all VA financial entities, provides guidance on all aspects of financial management, and directs and manages the Department’s financial operations and systems support.
The office is responsible for maintaining and modifying VA’s legacy core accounting system - the Financial Management System (FMS) - and VA’s Personnel Accounting Integrated Data (PAID) payroll and human resources system and related self-service applications.
The Office of Finance oversees the management and direction of VA’s financial operations at the FSC and Central Office; VA’s debt management activities at the DMC; the Office of VA Franchise Fund; VA’s travel and purchase card programs; and the performance and effectiveness of trusts established under VA’s enhanced-use leasing program. The office is responsible for processing payments for VA-wide payroll, employee travel and relocation, and vendors; and expanding electronic commerce and electronic data interchange capabilities.
Representing the Department, the Office of Finance provides support on financial matters to the:
- Office of Management and Budget
- Government Accountability Office
- Department of the Treasury
- General Services Administration
- Office of Personnel Management
- Federal Accounting Standards Advisory Board
- VA Administration Chief Financial Officers
- Governmentwide Chief Financial Officers Council
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