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Unclaimed Property Guidelines: Handling Credit Balances with Indirect Customers
March 24, 2025
Q. We have a customer that has an accounts receivable credit balance, which has come to one of our facilities, but as a transporter for another company, not their own company. For example, XYZ Company (hauler) used to be a billed customer and has $1000 AR credit balance and would be escheated in 2025. We are no longer doing direct business with XYZ Company. They now haul for ABC Company (Operator) to our facility and we bill ABC Company. For the purposes of the unclaimed property guidelines,…
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