April 2025: Navigating Unclaimed Property in 2025

Unclaimed Property (UP) is one of those tricky topics that can easily slip through the cracks – but it’s more common than you might think. From uncashed checks to forgotten vendor credits, nearly every organization holds some form of UP. And because state laws vary, figuring out what needs to be reported—and when—can feel like a moving target.

This month, we’re diving into the latest updates and best practices for managing UP. Whether you’re looking to brush up on the basics or fine-tune your processes, these resources will help you stay organized and avoid potential headaches down the road.

This Month’s Quick Take: Unclaimed Property Compliance 

UP compliance continues to challenge organizations—especially in light of recent changes to Generally Accepted Accounting Principles (GAAP) that directly impact accounts receivable processes. This increasingly complex and shifting regulatory environment leaves little room for error—and exposes organizations to costly consequences for falling behind. 

At the same time, UP audits are expanding in scope, with auditors placing greater focus on areas like accounts payable, payroll, and AR. Reviews often reach back 10–15 years, emphasizing the importance of thorough documentation and proactive compliance strategies. 

Is your team equipped to navigate unclaimed property compliance challenges? IOFM’s Unclaimed Property Master Class provides expert guidance on state-specific rules, audit risks, and best practices to keep your organization in compliance. Don’t risk penalties or audit surprises – enroll today!  

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FREE WEBINAR: Identifying & Managing UP Compliance Exposure in 2025 

Unclaimed property laws are complex, ever-changing, and often difficult to navigate. With varying state requirements and increased enforcement actions, staying compliant can feel overwhelming. Join IOFM and Jim Sadik for an insightful, on-demand webinar that breaks down key reporting obligations, risks, and best practices to help you protect your organization. 

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Unclaimed Property Strategies: More Than Simple Due Diligence 

Unclaimed property laws impact nearly every organization, but compliance strategies vary. In this IOFM Podcast, expert Jim Sadik breaks down key challenges, due diligence requirements, and escheatment strategies – because, as he says, “Any early intervention is better than waiting for a trail to go cold.” 

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