Payment Types
The experts at FMS are ready and able to process and oversee payment transactions for your Agency mission. FMS ensures that the appropriate controls are established to mitigate risks. In addition to processing these payments, we also serve as a Vendor Inquiry Liaison to assist in resolving payment issues on behalf of our customers.
FMS will authorize and enter vendor payments into our core financial system on behalf of our customers. We will ensure that accruals and all accounting entries are recorded correctly in the system. When necessary, we will de-obligate/modify and process payments returned from Treasury. We will also notify procurement to close orders upon receipt of final payments. Payment types that we process include:
- Commercial Payments
- Grants Payments
- Other Payments (Foreign, Miscellaneous and Loan types)