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About Defense Finance and Accounting Services (DFAS)

Defense Finance and Accounting Services (DFAS)
Year Founded: 1991

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The Defense Finance and Accounting Service is the agency responsible for leading accounting and finance activity for the U.S. Department of Defense. It was created in order to streamline extraneous costs and labor in prior approaches to these tasks and is in charge of compensating the DOD's military and civilian employees, retirees and annuitants, in addition to business partners such as contractors and vendors. DFAS also serves several other agencies.

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