PSC R703

Overview

The Product Service Code (PSC) system is a governmentwide taxonomy used to identify and classify products and services acquired by U.S. federal agencies. PSC codes are recorded in federal procurement reporting systems (for example, FPDS and SAM) to support spend analysis, category management, and procurement reporting. The PSC set, titles, and maintenance processes are documented in the PSC Manual and associated publications.¹

PSC R703 is titled Support‑Management: Accounting and is used by agencies to tag contract actions whose primary deliverable is accounting and related management support services. The PSC Manual provides the official code and title but does not publish an exhaustive, prescriptive task list or a mandated NAICS crosswalk for every use case.²

See also on G2X:

• R710
• R704

What this PSC covers

• Payroll processing services
• Bookkeeping and ledger maintenance
• Financial statement preparation and reporting
• Cost accounting and cost‑allocation support
• Accounts payable and accounts receivable processing
• Accounting systems implementation and maintenance

The PSC Manual supplies the official code and title but does not enumerate a prescriptive task list for every contract application; specific tasks and boundaries are determined by the agency acquisition need and the contract statement of work.²

Related NAICS and PSC codes

A single, prescriptive NAICS-to-PSC crosswalk for R703 is not published in the PSC Manual. Agencies commonly associate accounting and related management-support work with professional services NAICS, for example 5412 or industry variants such as 54121x, but those alignments are case‑specific and not mandated by the PSC Manual.²

How agencies report this PSC in award data

Agencies report PSCs in FPDS using data element 8A, “Product or Service Code.” Guidance instructs contracting officers to select the PSC that best identifies the product or service procured; if multiple codes apply, record the code representing the largest portion of contract value per FPDS data-dictionary rules.³

Frequently asked questions

• Q: What does PSC R703 identify on an award?
  A: R703 identifies contract actions whose primary deliverable is accounting or accounting‑management support services, as shown by the title in the PSC Manual. The manual provides the official code and title but not a comprehensive, task‑level list.¹

• Q: How should contracting officers choose R703 when multiple services are procured?
  A: FPDS guidance requires selecting the PSC that best identifies the product or service procured; when more than one code applies, report the one representing the largest share of contract value (FPDS element 8A). Use performance requirements and estimated value shares to make that determination.³

• Q: Which NAICS codes align with R703 for capability statements or set‑asides?
  A: The PSC Manual does not publish a mandatory, single NAICS-to-PSC mapping for every PSC. Agencies commonly use professional-services NAICS when appropriate, but any NAICS alignment should be justified by the statement of work and acquisition strategy rather than by an assumed single mapping.²

• Q: Is R703 restricted to personal‑service contracts?
  A: The PSC Manual defines product/service types and does not impose personal‑service or non‑personal‑service limits on a PSC; personal‑service determinations remain a separate legal and contractual analysis done at the agency and solicitation level.²

Useful resources

• G2X — PSC R703 overview
• PSC Manual (current PSC list and titles).¹
• PSC Manual landing page and supporting documents.²
• FPDS data dictionary and guidance for Product/Service Code (element 8A).³

References

1. https://www.acquisition.gov/content/psc-manual-april-2025.pdf
2. https://www.acquisition.gov/psc-manual
3. https://www.fpds.gov/wiki/index.php/V1.4_FPDS-NG_Data_Dictionary