Defense Finance and Accounting Service
Overview
DFAS is the principal Department of Defense executive for finance and accounting requirements, systems, and functions. That role includes the responsibility to direct the consolidation, standardization, and integration of finance and accounting requirements, functions, procedures, operations, and systems within the Department of Defense. The DoD established DFAS in 1991 to provide finance and accounting services for DoD components during times of peace and conflict. Today, they support military and civilian customers throughout the world. Their mission emphasizes the importance of DFAS’s leadership role in standardizing and improving finance and accounting activities across the Federal Government. DFAS pays all DoD military personnel, retirees, and annuitants; civilians for all of DoD; and additional federal customers. DFAS is also a shared service provider, supporting electronic government initiatives in partnership with customers such as the Executive Office of the President, the Department of Energy, the Department of Veterans Affairs, the Department of Health and Human Services, and the U.S. Agency for Global Media.
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Quick Facts
| Company Name | Defense Finance and Accounting Service |
|---|---|
| Industry | Accounting |
| HQ Address | Indianapolis, Indiana, US |
| Employee Size | $1.7 billion |
| Company Type | Public |
| Fiscal Year-End | September 30th |
| Website | www.dfas.mil |
| Locations | Europe and Japan |
| Competitors | Thrift Savings Plan, VA, Navy CyberSpace, and More |
| Recognition & Awards | OUSD Shared Awards |
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