Unclaimed Property: A Reporting Process and Audit Survival Guide

Does MY company have unclaimed property reportable to any state unclaimed property office?

All companies have unclaimed property. If your company writes checks, issues gift certificates or gift cards, presents employee expense reimbursement checks or issues vendor credits, congratulations—you have unclaimed property!

While unclaimed property laws have been on the books in all states for many years, only in the past decade have those laws really been enforced against businesses outside of the banking industry. This practical guide breaks the process down into manageable steps that you can either handle on your own or with the help of a professional in the field. Unclaimed Property: A Reporting Process and Audit Survival Guide shows you what to do, whether:

• A former employee comes looking for their "lost" paycheck

• Your internal auditor questions how you handle outstanding checks

• A state administrator requests information on your company's unreported unclaimed property

Unclaimed property compliance can become just another process in your company rather than a ticking time bomb buried in your financials, ready to detonate upon audit. A thorough introduction to every aspect of unclaimed property laws, Unclaimed Property: A Reporting Process and Audit Survival Guide will help you understand what unclaimed property is, how the escheat laws apply to your particular circumstance and how to bring your enterprise into compliance with the least amount of manpower and cash outlay possible.