Escheatment

Note

These release notes describe functionality that may not have been released yet. To see when this functionality is planned to release, please review What’s new and planned for Dynamics 365 for Finance and Operations. Delivery timelines and projected functionality may change or may not ship (see Microsoft policy).

You can set up an account to allow stale-dated warrants or checks to be escheated using the Cash and bank management module. The escheatment process creates an advanced ledger entry to transfer funds from the dormant payment accounts to the unclaimed funds accounts, for possible claim at a future date by the original recipient or a designated representative.

Unclaimed payments are reclassified based on the posting definition for escheatment that is set up in the Posting definitions form, and assigned to the Escheatment transaction that is set up in the Transaction posting definitions form, General ledger tab.