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Simple English definitions for legal terms
Defense Finance and Accounting Service
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A quick definition of Defense Finance and Accounting Service:
Defense Finance and Accounting Service (DFAS) is a part of the U.S. Department of Defense that helps manage the money for the military. They make sure that the Department's finances and accounting are done correctly and professionally. DFAS is responsible for handling the day-to-day financial activities of the Department of Defense.
A more thorough explanation:
The Defense Finance and Accounting Service (DFAS) is a unit within the U.S. Department of Defense that is responsible for providing finance and accounting services to the Department. DFAS also oversees the day-to-day finance and accounting activities of the Department.
For example, DFAS is responsible for processing payroll for military personnel and civilian employees of the Department of Defense. They also manage the Department's budget and financial statements.
DFAS plays a critical role in ensuring that the Department of Defense has accurate financial information and that its financial operations are conducted in a professional and efficient manner.