Treasury lets agencies check funds via Web

• By Mary Mosquera
• Sep 11, 2003

The Treasury Department's new Internet-based cash management system, CashLink II, went into operation earlier this month for deposit reporting and bank management information.

CashLink II lets agencies verify deposits online, conduct automated clearinghouse and Fedwire transfers, and make voucher adjustments to reconcile accounts, Treasury's Financial Management Service said. Previously, these tasks required phone calls, faxes and letters.

Early next year, users will have access to an automated bank management information reporting interface and new deposit reporting data fields.

CashLink II is designed to better monitor the government's cash position, giving officials information on how much cash the government has on hand at the beginning of each day.

It also updates management software used to track the services and costs reported by financial institutions.