Financial Management Service

The Financial Management Service (FMS) is an agency within the U.S. Department of the Treasury responsible for managing the government's financial transactions and reporting. It oversees the flow of federal funds, ensuring accuracy and efficiency in payments, collections, and accounting. FMS also develops financial policies and provides services to other federal agencies to enhance financial management practices. By ensuring transparency and integrity in government finances, FMS plays a crucial role in the overall fiscal health of the nation, supporting effective budgeting and resource allocation.