Unclaimed Property Settings

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Unclaimed Property Settings

 

The  Unclaimed Property Settings contains all of the necessary criteria by state to ensure that the unclaimed property cycle is handled per state(s) guidelines. These tables are not able to be changed by the user. They are updated by Pak Accounting when necessary.

 

NOTE: Available on Current Pay States only: users can check the box to override report current amount, for each current pay state being reported to, which will cause all funds to be escheated to the state, useful when companies are going out of business. Once checked this box cannot be unchecked without contacting your Customer Success Team for a password.