You need to comply with CGAC or SFIS federal accounting standards.

Problem

The National Business Center of the Department of the Interior operates as a shared services center. The Federal Government has mandated that each federal agency must change its chart of accounts structure to comply with the Common Government-wide Accounting Classification (CGAC) structure. One of the National Business Center’s customers, MCC, needed to change their chart of accounts to comply with CGAC. They needed to add two additional segments and change the length of two other segments.

Team members from the National Business Center worked with the MCC users to design a new chart of accounts and used FlexField software to make the change. Because the federal budget tables use segment values rather than code combinations, eprentise developed a new Federal Budget Allocation module for federal agencies that aligned values in the federal budget tables to the new CGAC-compliant Chart of Accounts. The customer was able to optimize their accounting flexfield structure to comply with CGAC as well as support the current state and future growth of the organization.