What is OTCnet?
The Over the Counter Channel (OTCnet) application is a web application that lets federal agencies manage and report all check and cash deposits in one place.
OTCnet automates the over-the-counter deposit process, captures detailed accounting information and makes the classification of Treasury collections easier.
Agency users report receipts through a secure web-based application rather than by using paper-based credit vouchers.
With OTCnet, agencies primarily capture checks online.
The application also supports the additional functionality to capture checks with OTCnet offline if your agency is in a location with poor internet access.
OTCnet also works with CARS (the new standard Central Accounting Reporting System)
Why use OTCnet?
OTCnet has many benefits: