Thursday Apr 26, 2012

What is GTAS?

What is GTAS?

GTAS – Government-wide Treasury Account Symbol Adjusted Trial Balance System

From the Dept of Treasury webportal:

“The Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) will replace the functionality of FACTS I, FACTS II, IFCS, and IRAS reporting systems as the primary means of reporting agency trial balance data. A single data collection system will pave the way for more consistent and complete financial data and will allow for better analytical reporting. GTAS will go into production December fiscal year 2013. Now is the time for agencies to begin preparing to use GTAS. This Web site will help agencies to identify what is needed for GTAS and to answer questions regarding its use and launch.”

How is Oracle helping it’s Federal customers with respect to the new GTAS functionality?

Oracle is developing to the new GTAS requirements to update and ensure its EBS and PeopleSoft solutions meet the modernization of the Government solutions.

In April’s Federal Financial Board meetings, Oracle stated the goal is to have the GTAS improvements available to all PeopleSoft Federal customers by July 2012.

For its EBS customers, refer to this chart:

Deliverable

Targeted for Patch Availability

GTAS Phase I  (R12) - Configuration

Late April  / Early May  2012

GTAS Phase I  (11i10) - Configuration

Late May / Early June 2012

GTAS Phase II  (R12) - Key Processes

Late July / Early August 2012

GTAS Phase II  (11i10) - Key Processes

Late August / Early September 2012

GTAS Phase III  (R12) - Other Processes/Reports

Late September / Early October 2012

GTAS Phase III (11i10) - Other Processes/Reports

Late October / Early November 2012

The patches will be made available on Metalink.

To meet the requirements necessary to comply and interact with GTAS, Oracle will be adding BETC, Trading Partner TAS, and Trading Partner BETC to POs, AP Invoices, and AR Transactions. In the EBS, GTAS Enhancements include capturing additional information on existing forms, such as:
GTAS Attributes
Define Budget Codes
Define Treasury Account Symbols
Define Fund Attributes
Define Reporting Codes
Define USSGL Accounts
Define Trading Partner TAS
Enter Appropriations
Reprogramming Transactions

Oracle is planning to develop new EBS reports to support GTAS, such as:
GTAS Trial Balance
GTAS Transaction Register

Of course, with the implementation of GTAS, the FACTS I and II forms and reports will be retired from the suite.

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For those of you who were unable to attend the Federal Financials Spring Briefing are welcome to visit the Online Resource Center to download the presentations from the event.

URL: http://launch.oracle.com
PIN: FFB

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Again, thank you for taking the time to read the Federal Applications Blog. If you would like to see any topic related to Oracle’s Applications, please let me know in the comments and I’ll do my best to feature it in a future post.

About

The author, Jeff Waterman, has been with Oracle since 1996 in various roles, but always working to apply Oracle Application solutions assist the US Federal Government with fulfilling its mission to its citizens. Presently, he serves as a Master Principal Applications Sales Engineer within North America Public Sector.

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