1 / 5

INTERFUND OVERVIEW

INTERFUND OVERVIEW. Treasury Reporting SOT Reconciliation Branch February 21, 2012. INTERFUND PROCESS FLOWCHART. INTERFUND . Interfund The process used to bill and collect for sales of materials supplied by Defense agencies and GSA

truman
Download Presentation

INTERFUND OVERVIEW

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INTERFUND OVERVIEW Treasury Reporting SOT Reconciliation Branch February 21, 2012

  2. INTERFUND PROCESS FLOWCHART Integrity - Service - Innovation

  3. INTERFUND • Interfund • The process used to bill and collect for sales of materials supplied by Defense agencies and GSA • The seller simultaneously bills and collects for the supplies issued • Purpose • Allows suppliers to be reimbursed at the time of billing using the appropriation cited by the buyer in the requisition • The credit and related charges are reported to Treasury monthly Integrity - Service - Innovation

  4. PROCESS DETAIL • The buyer submits a requisition for needed supplies to the seller (Navy, Army, AF, GSA) • The seller fills the order • Creates and sends the Interfund bill package to the Defense Automated Address System (DAAS) • DAAS routes the IF bill package to the appropriate seller CAO based on the COMMRI • DFAS-CL processes Navy transactions through VISTA • Preprocessing edits are performed • If discrepancies are found, the issue is researched and corrected • A detail LOA is derived based on logic in VISTA • A DCAS file is created • DFAS-CL verifies that no critical LOA errors are present • If any errors are found, DFAS-CL researches and corrects them Integrity - Service - Innovation

  5. PROCESS DETAIL cont. • DCAS is certified and registered daily by DFAS-CL • Daily DEF report created and fed to the field level accounting systems • Once all DCAS daily files are certified and registered for the month, DCAS can be closed out for the month • DCAS 1220 Report is created and sent to Treasury • Provides OSD with a summarized classification of receipts and expenditures processed under the Interfund billing system • Transactions are now available in CHOOSE and WITS • After this process, the FBWT reconciliation can begin Integrity - Service - Innovation

More Related