www.dfas.com - DFAS.com The Defense Finance and Accounting Service

Reviews about dfas.com
The people of the Defense Finance and Accounting Service take pride in serving the men and women who defend America. We take our contribution to national defense seriously. We work hard to fulfill the important fiscal responsibilities entrusted to us by the American taxpayers. We ensure the resources they provide are accounted for properly.

In FY 2006, DFAS

Paid 145.3 million pay transactions (5.9 million people)
Made 7 million travel payments
Paid 13.8 million commercial invoices
Posted 57 million general ledger transactions
Managed military retirement and health benefits funds ($255 billion)
Made an average of $424 billion is disbursements to pay recipients
Managed $20.9 billion in foreign military sales (reimbursed by foreign governments)
Accounted for 878 active DoD appropriations

In 1991, the Secretary of Defense created the Defense Finance and Accounting Service to reduce the cost of Defense Department finance and accounting operations and to strengthen financial management through consolidation of finance and accounting activities across the department. Since inception, DFAS has consolidated more than 300 installation-level finance and accounting offices into 26, and reduced the work force from about 27,000 to approximately 16,000 personnel.

DFAS is financed by its customers rather than through direct appropriations. This service-provider relationship with its customers pushes DFAS to seek continuous innovation and improvement in the quality of services it provides. DFAS has steadily reduced its operating costs and has returned these savings to customers in the form of decreased bills.

DFAS is big business and is focused on organizing to provide bottom line best value to our customers.

THE MISSION OF DFAS IS TO PROVIDE ACCOUNTING AND FINANCE SERVICES FOR THE MILITARY DEPARTMENTS AND DEFENSE AGENCIES


Our mission is about the customer. It is delivering responsive accounting and finance services to the men and women in uniform, as well as to those who support the warfighters defending our country. It is about providing timely and useful business intelligence to decision-makers who, with the right information, can more effectively manage their resources in support of our troops at home and abroad.


DFAS is the world"s largest finance and accounting operation and much more. Our mission has expanded from providing what the customer needs today to anticipating how these needs will evolve for tomorrow. Developing and maintaining close relationships with our customers is how DFAS meets client needs with integrity, service and innovation.


DFAS is an agency supporting the OUSD(C), the principal advisor to the Secretary of Defense for budgetary and fiscal matters. As such, it is the responsibility of DFAS to coordinate and collaborate with all civilian defense agencies, the military services and the combatant commands that provide warfighting capabilities for America"s defense.

The Defense Finance and Accounting Service (DFAS), an agency of the United States Department of Defense, provides finance and accounting services for the military and other members of defense.
In 1991, Secretary of Defense Dick Cheney created the Defense Finance and Accounting Service to reduce the cost of Defense Department finance and accounting operations and to strengthen financial management through consolidation of finance and accounting activities across the department. Since its inception, DFAS has consolidated more than 300 installation-level finance and accounting offices into 26, and reduced the work force from about 27,000 to approximately 16,000 personnel.

DFAS is a working capital fund agency financed by reimbursement of operating costs from its governmental customers (mostly the military service departments) rather than through direct appropriations. This service-provider relationship with its customers has resulted in a continuous innovation and improvement in the quality of services DFAS provides. DFAS has steadily reduced its operating costs and has returned these savings to customers in the form of decreased costs.

In 2003, DFAS was selected by the Office of Personnel Management to be one of four governmental entities to provide payroll services for the U.S. government.

The current round of Base Realignment and Closure cuts has DFAS being completely restructured. Many sites will be integrated into major centers. The organization will continue to shift its focus to be a joint service provider, to smoothly meet the needs of all the armed services. These changes will allow the entity to do more with less and continue its exceptional performance. This transformation will ensure DFAS a long and valued life in the years to come.

One of the most visible responsibilities of DFAS is handling military pay, much of which is accounted for via the Leave and Earnings Statement.



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