What is disbursing?
“In most instances, a disbursement is a payment to an individual or organization for goods furnished or services rendered. In some cases, a disbursement is made solely to transfer funds from one appropriation or fund to another.”1 Defense Finance and Accounting Service (DFAS) is responsible for providing financial and accounting services for DoD components and other Federal agencies, including the consolidation, standardization, and integration of finance and accounting requirements, functions, procedures, operations, and systems and ensuring their proper relationship with other DoD functional areas.2 1 DoD Financial Management Regulation, 7000.14-R, Volume 5, Chapter 11, 110101 2 DoD Financial Management Regulation, 7000.14-R, Volume 5, Chapter 1, 010201 For further information on disbursing policy and procedures, please refer to the DoD Financial Management Regulation, 7000.14-R, Volume 5, which can be found here .
