How familiar are you with AP best practices, rules, and regulations? Here’s a question to test your knowledge: Organizations must report and remit (escheat) unclaimed property in order to protect the rights of the property's owner. AP needs to be involved in this process because some unclaimed property resides in AP departments, such as uncashed vendor checks and credit memos. To what entity do you report and remit unclaimed property?
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|