DebtBook
Reminder: All state and owned leases must be recorded in the Facilities Portfolio Management Tool (FPMT) for the state’s facilities inventory.
Starting in fiscal year 2024, the state of Washington will utilize DebtBook, a software platform for lease and subscription-based IT arrangement (SBITA) tracking to comply with GASB Statements 87 and 96, respectively. DebtBook is a cloud-based SaaS product that will be used for the following purposes:
- Track all right-to-use lease agreements and SBITAs that exceed the state’s capitalization threshold
- Provide reports to record year-end journal entries for leases and SBITAs
- Provide reports for disclosure forms and note disclosures
Frequently asked questions
In order to gain access to DebtBook,
- Complete the DebtBook User section (Part 2) of the DebtBook Security Access Form. A user can have edit or view-only access.
- Get approval from your Agency’s DebtBook Administrator. Find your Agency’s DebtBook Administrator.
- Send a PDF copy of the electronically signed Access Form to: HereToHelp@ofm.wa.gov.
- Electronically signed can be an electronic signature or a typed name in the signature line.
The DebtBook Administrator for each agency can be found on the Administrator's list.
In order to designate or change your agency’s DebtBook administrator,
- Complete the DebtBook Administrators section (Part 1) of the DebtBook Security Access Form.
- Get approval from your Agency’s Director or their Designee.
- Send a PDF copy of the electronically signed Access Form to: HereToHelp@ofm.wa.gov.
- Electronically signed can be an electronic signature or a typed name in the signature line.
- Access to DebtBook: HereToHelp@ofm.wa.gov
- DebtBook: https://support.debtbook.com/en/ (DebtBook Log-In required)
- Lease/SBITA Policies and Procedures:
System access
Reference materials
Training
Statewide Accounting Lease/SBITA Training
DebtBook Support Center (DebtBook Log-In Required)
- Learning Videos
- Leases
- Subscriptions (SBITAs)
