What is a reconciliation?  The process of correlating one set of records with another set of records and/or a physical inventory count that involves identifying, explaining, and correcting differences.

The foundation of quality financial information is in the detail data recorded at the general ledger (GL) level. Reconciliations serve as a key element of a system of internal control and are required by state policy.

The following resources are intended to provide general guidance for state agencies.

The Association of Government Accountants (AGA) Olympia Chapter and FMAC are co-sponsoring a series of AGA audio conferences.

AGA audio conferences are FREE and routinely held on Wednesdays from 11:00 am to 12:50 pm (PDT/PST), unless noted otherwise.

The State Administrative & Accounting Manual, also known as SAAM, provides control and accountability over financial and administrative affairs of the state of Washington, and assists agencies in gathering and maintaining information needed for the preparation of financial statements.

The policies and procedures in this manual are the minimum requirements that state agencies must meet. An agency may adopt additional policies and procedures in greater detail as long as the agency meets the required minimum standards.

The Personnel/Payroll Association (PPA) is composed of personnel and payroll staff of Washington state agencies. The PPA is recognized by the Office of Financial Management as a key channel for personnel and payroll system activities and information sharing.

These resources are intended as guidelines to help state agencies fulfill policy and procedure requirements in the State Administrative & Accounting Manual (SAAM). Agencies are encouraged to customize these resources to develop approaches that address their individual needs.

This page contains SAAM directives and technical corrections and is intended to be used as an agency resource for tracking policy changes and updates. Current policies are available on the SAAM main page.

The Annual Comprehensive Financial Report is a thorough and detailed presentation of the state's financial condition. It reports on the state's activities and balances for each fiscal year.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Industrial Insurance Appeals, Board of

The primary role of Statewide Accounting is to issue statewide financial and administrative policies, provide financial consulting, monitoring, training services, and produce statewide reports. Statewide Accounting is responsible for fiscal year closing and supplemental reporting disclosures.