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What does DFAS stand for?

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Quick Answer

DFAS stands for the Defense Finance and Accounting Service. It is an agency of the United States Department of Defense under the direction of the Under Secretary of Defense.

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DFAS was created in 1991 by the DoD to standardize, consolidate and improve accounting and financial functions throughout the DoD. The purpose was to reduce the cost of the Department's finance and accounting operations while strengthening its financial management. DFAS pays all DoD military and civilian personnel, retirees and annuitants, DoD contractors and vendors, and supports customers outside the DoD working on electronic government initiatives. Customers include the Executive Office of the President, the Department of Energy and the Department of Veterans Affairs.

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