Use one of the many unclaimed property accounting information resources to understand the field, to find unclaimed goods or to list unclaimed property on your books in order to clear your records. Unclaimed property accounting reference information can help you file the annual reports and remit the property to your state.

Escheat property accounting can help your be aware of the applicable laws, which vary by state. Proper escheat accounting can help you with tracking and notification. It can also help you with diligent record-keeping and making sure that issues are resolved quickly. Unclaimed property items can include but are not limited to uncashed vendor checks, uncashed dividend checks, outstanding money orders or traveler’s checks, unredeemed gift certificates, uncashed payroll checks and utility deposits.

To find the right unclaimed property accounting information resources for you:

1. Look up basic escheat property accounting information to understand the ins and outs of the field and the regulations.

2. Consider the use of professionals for your accounting for unclaimed property services and resources for escheatment accounting information.

3. Use unclaimed property accounting resources to help you find out where to report your unclaimed property for redemption.

Action Steps
The best contacts and resources to help you get it done

Start with general accounting for unclaimed property information

Knowing the basics of escheat property accounting will help you navigate through your state's regulations. It will also help you in the reporting process for each state.

I recommend: Look at information on accounting policies and procedures for escheat funds from the University of North Carolina. Look at the Financial Accountability System Resource Guide information from the Texas Education Agency. Look what the Online CPA Journal has to say about escheat financial statement considerations. See what the Journal of Accounting has to say about Unclaimed Property.

Stick with unclaimed property accounting professionals

Work with professionals in the unclaimed property accounting field to help you manage the unclaimed property on your books and how to reconcile any unclaimed funds or items.

I recommend: UPRR can help you make sure that your escheat accounting records are complete. Find escheat expert services by state from Expert Pages. Use True Partners Consulting to give you accounting advice on unclaimed property. Look at the unclaimed property accounting services of Moody Associates, P. A.

Use search engines to find out where to post unclaimed property accounting and listing information

In order to balance your unclaimed property accounting information, look to the services of your state's unclaimed property website in order to file the appropriate information for the person needing to claim the property.

I recommend: Use the all encompassing National Association of Unclaimed Property Administrators to search by state for unclaimed property. Report unclaimed property in Washington to the Washington Department of Revenue Unclaimed Property Section. See how holders can report unclaimed property in Arizona from the Arizona Department of Revenue. Holders reporting unclaimed property to the state of Utah can visit the Utah State Treasurer's Office.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Each state's revenue or treasurer's office can give you escheat property accounting information because each state has its own regulations on what the requirements are for a holder report to the property which is presumed to be 'abandoned' or 'unclaimed' after the regulated dormancy period for the particular property type.