Accounts Receivable: Unused/Abandoned Credits

Credits can appear on customer accounts for various reasons, often stemming from payment discrepancies or adjustments in transactions. When credits greater than $25 stay on a customer's account longer than 3-5 years (depending on the type of credit), they are considered abandoned property and must be transferred to the State of Nebraska's Unclaimed Property Division.  This manual describes common situations in which credits occur and responsibilities and procedures for handling abandoned credits.