Chart of Accounts Project
The Chart of Accounts (COA) project, sponsored jointly by the One Washington and Statewide Accounting divisions within OFM, aims to ultimately standardize the statewide chart of accounts and all taxonomies and elements within it in order to prepare the state for eventual deployment of a modern Enterprise Resource Planning (ERP) system. The project was kicked off in 2014, and OFM is utilizing a phased approach, as follows:
- Phase 1: Build the business case. (Completed May 2016)
- Phase 2: Work with a pilot group of 10 agencies to develop: 1) a draft statewide Sub-subobject (SSO) table 2) a Data Governance process for managing the statewide SSO table. (July 2016 – January 2017)
- Phase 3*: Share the pilot results statewide; manage ongoing changes through agency meetings and data governance; load the new statewide SSO table for the 2019 Biennium. (January – June 2017)
*We are currently in Phase 3 working with agencies to prepare them for the new SSO table implementation, identify relevant system dependencies, and refine the data governance process to ensure it meets business needs on a timely basis.