Unclaimed Property Reconciliation

Unclaimed property requirements vary widely across states, and non-compliance can lead to audits, penalties, and unnecessary write-offs. IAB Solutions helps companies reconcile aged credit balances, validate ownership, and ensure accurate escheatment — reducing risk while supporting clean, compliant financial records.

Purpose

Ensure compliance with state-specific unclaimed property and escheatment requirements.

Reduce exposure to penalties, audits, interest assessments, and escheatment claims.

Resolve aged credits by validating entitlement, conducting customer outreach, and reconciling discrepancies.

Improve data quality by centralizing and cleaning customer account information for accurate reporting.

Process

  • Review aged credit balances, gather supporting documentation, and analyze entitlement.
  • Research customer accounts, payment activity, and internal records to validate ownership.
  • Conduct outreach to customers for confirmation, repayment, or resolution of outstanding credits.
  • Prepare reconciled, compliant records for reporting or escheatment.

Results Achieved

  • Lower audit risk through accurate, thoroughly documented reconciliations and clear compliance trails.
  • Reduce outstanding credits and maintain cleaner customer master data.
  • Minimize write-offs through proactive customer outreach and issue resolution.
  • Increase accuracy and confidence in state reporting, supporting both internal and external audit requirements.

Get Started

Work with our professional, experienced and stable management team to fill your accounts receivable outsourcing needs.

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