Reconciliation
The Columbia Group understands the various financial systems, including transaction-level processing, and their impacts on overall execution monitoring and reporting and on financial statements. The company has also proven its ability to assist BSO’s policy development and Defense Finance and Accounting Service (DFAS) policy review with consideration of financial implications.
The Columbia Group’s financial management team has mastery of the rules governing the various appropriations used by the Navy, such as RDT&E, SCN, OPN, WPN and O&MN. The team also has extensive experience with STARS, PRISMS, Autodoc, SCRT, MISIL, COBRA,CRS, and others.
The Columbia Group supports the Navy in conducting a wide variety of business which requires knowledge of the regulations, accounting systems, and processes associated with transactions for complete budget execution. In order to execute the reconciliation process, we use our knowledge and understanding of: the payment processes of Defense Finance and Accounting Service (DFAS) Columbus related to the MOCAS and STARS-One Pay entitlement systems; Treasury registration and associated difficulties; and STARS-HCM posting logic and associated deficiencies with reports available. Our continuous efforts to address inflow of new Problem Disbursements and payment/billing rejects, and the root causes of these issues, is the key for meeting goals and requirements.
Audit
The Columbia Group supports Defense Finance and Accounting Service (DFAS) Columbus audits of contractual documentation and vendor payments to ensure terms and conditions of the contract are maintained. This effort requires utilization of several systems for payment, accounting, reconciliations, and understanding of the appropriate policies and procedures. The policies and procedures involved are based not only on DFAS Columbus instructions, but also the Federal Acquisition Regulations (FAR) and Defense Federal Acquisition Regulations (DFARS).