This paper describes a finite volume procedure for network flow analysis in a thermofluid system. A flow network is defined as a group of inter-connected control volumes called “nodes” that are connected by “branches”. The mass and energy conservation equations are solved at the nodes and momentum conservation equations are solved at the branches. The flow network also includes solid nodes to account for fluid to solid heat transfer. The heat conduction equation is solved at the solid nodes in conjunction with the flow equations. The properties of a real fluid are calculated using a thermodynamic property program and used in the conservation equations. The system of equations describing the fluid-solid network is solved by a hybrid numerical method that is a combination of the Newton-Raphson and successive substitution method. This procedure has been incorporated into a general-purpose computer program, the Generalized Fluid System Simulation Program, GFSSP. This paper also presents the application and verification of the method by comparison with test data for several applications that include (a) internal flow in a rocket engine turbo-pump, (b) pressurization and loading of a cryogenic propellant tank, (c) fluid transient during sudden opening of valve for priming of an evacuated feed line, and (d) chill down of a cryogenic transfer line with phase change and two phase flows.