They perform all duties at the end of the fiscal year. However, they do not have to do the transferring records that are less than a year old.
Financial Analysis Office (FMA)
DFAS
Calendar month is taken into account from January to December, whereas Fiscal month or the Financial month is taken into account from April to March. Fiscal month varies with the Companies to what they try to adapt to.
At year end (fiscal or calendar).
A calendar year, by definition, starts on January 1 and ends on December 31. A fiscal year does not need to do that. Many companies, and organizations including Universities and Colleges, start their fiscal year on July 1.
The RC performs all of the normal duties at the end of year closeout on calendar and fiscal year records. The only exception is the transferring of records to inactive file areas with a disposition of less than one year.
Transfer records to inactive files area (hard copy or electronic) with a disposition of less than 1 year
Financial Analysis Office (FMA)
ncial analysis office FMA
DFAS
DFAS
Contracting Supply ALO FMA
Calendar year
First of the calendar month or first of the calendar or fiscal year.
a. Control Summary Records
Calendar month is taken into account from January to December, whereas Fiscal month or the Financial month is taken into account from April to March. Fiscal month varies with the Companies to what they try to adapt to.
At year end (fiscal or calendar).