| Description: |
This system function identifies, tracks and issues authorized payments for the payment of legal obligations of the Department of Defense. This system function records the distribution of funds, either by currency (e.g., cash, check) or Electronic Funds Transfer (EFT), and disbursement of such funds in accordance with U.S. Treasury and DoD regulations. This system function creates payments based upon certified pay files, pre-established business rules, consolidates multiple payments and prepares schedules for various classifications of payment, such as vendor payments, transportation payments and payments in foreign currency. This system function receives return payments and deposit collections through the customer, vendor and the United States Department of Treasury. The function also reports disbursements to the U.S. Treasury. |