Financial Management Service (FMS)

The Financial Management Service (FMS) is a U.S. government agency that oversees the financial operations of federal agencies. It ensures that taxpayer money is managed properly by handling payments, collecting debts, and maintaining accounting systems. FMS also provides guidance on financial reporting and budgeting, helping to promote transparency and accountability in government spending. Essentially, FMS plays a key role in ensuring that government finances are well-managed, efficient, and transparent to the public.