Description: |
This is an overall flow of debt disposition (either via a write-off or a closeout) for both vendor and individual debts. For individual debt closeouts, this is information detailing a final bill generated by Human Resources Management for goods or services that are sent to the appropriate party for payment. The final bill will capture all costs such as interest and penalties. For individual debt write-offs, this is information detailing an agreed-upon partial payment of a debt made by an individual or employee allowing for a Department of Defense (DoD) write-off to occur in lieu of paying the full amount of the debt. For vendor debt closeouts, this is a notification that a debt case has been closed out and no further collection action will be pursued relative to the associated claims receivable. For vendor debt write-offs, this is the notification to accounting that collection action related to a debt has been terminated and the associated receivable is to be written off. |