Other pages about the topic: Accounting
Download the 2024 Annual Comprehensive Financial Report [PDF, 18.2 MB] as a single document or choose report sections below.
Table of Contents
The Washington Administrative and Accounting Manual, also known as WAAM, will replace the State Administrative and Accounting Manual (SAAM) at Workday go-live.
Statewide Accounting is currently in the process of drafting WAAM. This page will be updated periodically to include draft chapters as they are completed. A crosswalk from the current SAAM to the new WAAM is also being developed.
Questions and feedback are welcomed and appreciated as we continue to modify the policies and procedures.
Background
Direct Pay, also referred to as Elective Pay, was passed in the Inflation Reduction Act (IRA) in 2022 and allows tax-exempt entities such as states, local governments, and nonprofit organizations to access federal clean energy tax credits for the first time. Direct pay has finally given tax-exempt public and nonprofit entities a real opportunity to bring clean energy’s job-creating and energy cost- and pollution-cutting benefits directly to more communities.
Agencies are required to establish and maintain an effective system of internal control and internal audit to reasonably assure that the transaction is valid and represents a valid business purpose. This requirement applies to agency-maintained systems as well as all operations surrounding Workday.
The state of Washington is preparing to transition to Workday, a cloud-based enterprise resource planning (ERP) system for finance, procurement, budget, human resources, and payroll processes. The first phase of implementation, Phase1A – Core Financials, includes replacement of the Agency Financial Reporting System (AFRS).
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