Escheatment Primer

Escheatment Primer

If you answer Yes to any of the following, you should read this article immediately – you’re at risk of an Unclaimed Property audit:

• Has your company been in business 10 or more years?
• Are you unsure of all your unclaimed property reporting responsibilities?
• Do you do business with multiple customers?
• Do your books reflect duplicate payments, unapplied cash balances or numerous issued credits?
• Do you have previously written off invoices to which credit can apply? This primer is designed to help you assess the strength of your internal controls to help determine your risk of an audit.