DA Form 5071. Paying Agent Receipt Control and Cash Accountability Journal

Form DA 5071 is a Paying Agent Receipt Control and Cash Accountability Journal. This form is used by Army paying agents to record financial transactions and maintain accountability for funds entrusted to them. The purpose of this form is to track the receipt, disbursement, and balance of cash and other financial instruments handled by the paying agent.

The form consists of sections where the paying agent records each financial transaction, including the date, amount, purpose, and recipient. The form may also include sections for documenting the starting and ending cash balances, any discrepancies, and the approval of higher authorities for significant transactions.

Important fields in this form include accurate recording of each financial transaction, proper documentation of cash receipts and disbursements, and ensuring that the ending cash balance matches the starting balance plus the net change due to transactions. Properly completing this form is essential to maintain financial accountability and prevent any mishandling of funds.

Application Example: A paying agent is responsible for distributing salary payments to soldiers in a remote location. The paying agent uses Form DA 5071 to record each payment made, the amount disbursed to each soldier, and the remaining cash balance.

Related Forms: There may be other forms used to track financial transactions and maintain cash accountability in different contexts within the Army.