I appreciate you reaching out to us for assistance concerning the expired eChecks, @blueview1901. I'm here to help guide you with recording and cashing them for your employees.

Escheatment laws mandate that businesses turn over unclaimed property after a predetermined time period. They're present in every state in the United States. They also demand that a company exercise due diligence by getting in touch with the unclaimed property's owner.

Checks written to contractors, vendors, employees, and stockholders that have not been cashed could be considered unclaimed property. Its requirements for when to report vary by state. This includes the dormancy period, which is the amount of time it takes for uncashed checks to become part of it.

The National Association of Unclaimed Property advises sending a formal letter via first-class mail to the owner of the check. This means your contractors will receive letters informing them of their duty to turn over the property to the state. This contains the instructions on how to claim their check.

You'll want to read about the Unclaimed property and escheatment laws section on this link: How can stale-dated checks impact your business? This will guide you through the complete details of handling them in QuickBooks.

In terms of accounting for the eChecks, I highly recommend seeking your accountant's help. They can determine the best course of action for your company. Thus, we can maintain the accuracy of your books. If you have none, you can also seek help from our accountant through this site: Find an accountant or bookkeeper.

I want to make sure that you'll be able to get this sorted out. Please don't hesitate to let me know if you have additional questions about the expired eChecks. I'm just a click away.