Statewide Chart of Accounts Design
The Florida PALM Chart of Accounts (COA), approved in 2020, establishes a standard structure for tracking and recording financial transactions. The Florida PALM COA is comprised of individual ChartFields, like the use of data elements in FLAIR, some of which are established and maintained at a statewide level and others which are agency-specific. The COA Design evolved and was refined through iterative and collaborative work with Department of Financial Services (DFS) Divisions and Offices, agencies, and enterprise partners and is applicable for all Waves.
As a result of the 2022 Business Requirements review activities in preparation for Financials Wave, an additional ChartField for tracking Grant activity was approved to be added to the COA Design. COA Design documentation will be updated by the Project as part of the design activities in the next Major Implementation. In the meantime, you can learn more about the planned ChartField values by clicking on the image below.
Select the image below to experience an interactive learning tool. This tool will help you gain a better understanding of the individual ChartFields and their use within Florida PALM.
COA Configuration Workbook – The purpose of the COA Workbook is to document the Florida PALM Chart of Account values for the CMS Wave at launch. This workbook represents a point in time and will not be updated. Florida PALM end users with designated role(s) can access the ChartField Value Report directly from Florida PALM to make necessary updates.