Term -MILSBILLS

Military Standard Billing System (MILSBILLS) provides standard data elements and codes, procedures, and formats to be used for billing and related adjustments, and collections for sales of materiel. This system provides the standard procedures and formats used by the interfund billing system; that is, an automated, seller originated, self-reimbursement process. The MILSBILLS Chart depicts basic billing (interfund), funds transfer (reimbursement),and billing adjustment processes.

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