What is OTCnet?
The Over the Counter Chanel Application (OTCnet) 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, you primarily capture checks online. However, if you are in a location with poor Internet access, you can use OTCnet offline to capture checks.
OTCnet was created from legacy systems PCC OTC and TGAnet.
OTCnet works with CARS (the new standard Central Accounting Reporting System)
Why use OTCnet?
OTCnet has many benefits: