How is final payment upon separation reported?

Final payment upon separation is reported using PQ03. This specific code is utilized to document the final pay adjustments and the dissolution of the service member's compensation package upon their separation from service. This includes any necessary calculations related to unused leave or any other final entitlements.

Understanding the importance of this code within the personnel and financial management systems is crucial. Accurate reporting ensures that service members receive the correct final pay and that the financial records are properly updated to reflect their separation from the Navy. Reporting through PQ03 helps maintain transparent financial records and ensures compliance with regulations concerning final pay disbursements.