GFEBS standardizes all financial management, accounting and plant maintenance functions across the Army. As a result, Army financial professionals will have access to more timely, reliable and accurate information. This benefit will improve cost management and control, allow more time to perform financial analysis and facilitate a more accurate understanding of the value and location of property.
Click on each of the six business process areas for more information.
Funds Management:
Includes budget authority, fund allocation, maintaining funds availability, performing funds analysis, budgetary accounting, and generating reports.
Cost Management:
Includes capturing cost accounting data, performing cost assignment, cost accumulation, revenue accumulation, cost monitoring, and generating reports.
Financials:
Includes maintaining the chart of accounts and transaction posting rules, recording Journal Voucher entries, posting transactions to the General Ledger and performing period end closing.
Reimbursables:
Includes functions related to the generation of revenue and billing for reimbursable orders, and debt management.