Chart of Accounts Assessment Workshop

Overview

Take the first step in standardizing and future-proofing your chart of accounts (COA). In this 3-hour virtual workshop, the Municipal 360 (M360) team will guide you through the essential COA assessment process, highlighting how standardization can streamline operations and key considerations for a successful COA conversion.

Changing your COA is a significant undertaking and requires careful planning. Often, COA designs are built or modified on the fly to accommodate new processes or technologies. Frequent staff turnover and inadequate documentation further complicate matters, leading to:

• Over-complication in the general ledger

• Account code groups becoming separated and hard to manage

• Generating reports becoming more manual and error-prone