Frequently Aksed Questions
ReportMyUP Product Information
ReportMyUP is completely cloud-based, allowing for real-time updates of unclaimed property regulations, ensuring your business is always in complete compliance and keeping your data secure.
In ReportMyUP, all three users are granted admin-level access, allowing them to complete every step of the unclaimed property reporting process. Each property record includes a detailed audit trail that logs who performed each action and when.
ReportMyUP Plus expands access to up to 5 users and offers flexible permission levels—including read-only, basic, and admin roles—to better align with your team’s responsibilities.
Yes, email reminders are sent to ReportMyUP customers as peak filing seasons approach. ReportMyUP also features a timeline displaying important upcoming dates on the Dashboard.
Yes – we provide a standard exemptions document on our Compliance Resources page. Users can refer to this document to identify potentially exempt properties and update them to an exempt status either through import or manually in the product.
Yes, there are mandatory data fields required by states to be included in a report. ReportMyUP requires a minimum set of fields for all properties and then there are state-specific fields required under certain conditions. Our data import template can help you determine which data fields are necessary and our automated data validations can help identify missing or incorrect data during import or manual entry.
Yes, ReportMyUP offers several ways to filter and view your imported data including a quick filter for reportable items. It also provides more advanced filtering to create custom reports designed to suit your accounting needs.
ReportMyUP does not support creating custom user-defined fields. However, we provide the ability to download all fields, including the unique Source System ID field, to help reconcile internally. If your process is a bit more complex and requires custom fields, you may want to check out Unclaimed Property Enterprise.
ReportMyUP offers custom reporting capabilities through a download feature. Use the advanced filter to identify the properties you need to create custom reports for, then download them for all your internal reporting needs.
Yes, ReportMyUP allows reported items to be imported as archived. into a record archive with our import template that allows you to map your data from another system or provider into ReportMyUP.
Yes, ReportMyUP allows updates to be imported in bulk that will modify the already existing matching properties. New properties can be added, and updates to existing property records can be made in the same import file.
Yes, ReportMyUP allows individual properties to be added, reviewed, and updated at any time. Items that have been archived can only be partly modified to ensure the integrity of the reported data.
Yes, ReportMyUP will calculate the due date for each of your property records when they are added to the system. Any property that calculates with a future due date will remain in the system until its applicable deadlines.
Yes, each state has its own specific due diligence requirements. ReportMyUP ensures these requirements are met with a standard due diligence template compliant with all states.
With ReportMyUP, we maintain a standard due diligence letter template compliant with all states so there is no need to add your own.
ReportMyUP is designed to be a self-service offering that helps you generate standard due diligence letters you can mail on your own. If you need help with processing your due diligence mailings, Sovos offers that service among others with our Unclaimed Property Enterprise software.
Yes, ReportMyUP generates reports for all states as well as Guam, Puerto Rico, and the U.S. Virgin Islands.
Yes, when generating a report for CA or PR, you will be prompted to specify the type of report you want to create. Only items included in a preliminary report will be pulled onto the CA or PR final reports.
Sovos is the only provider in the market today that has developed an unclaimed property reporting network that allows you to submit your reports to more than 30 states directly from the ReportMyUP software. For the remaining states, ReportMyUP generates all necessary documents and the NAUPA file required for reporting. Customers are responsible for submitting these reports via state websites or by mail. All necessary links and instructions are provided on ReportMyUP's Compliance Resources page. Payment is always handled outside of ReportMyUP.
Yes, ReportMyUP includes a properties archive where you can filter for items in a reported status. Items automatically move to the archive as reported when a state report is finalized.
Sovos has a dedicated Regulatory and Compliance team that monitors all introduced, pending, and passed legislation pertaining to unclaimed property. Our team works together to interpret the new requirements which are then implemented by our software development team on a bi-weekly basis.
Yes, this information is available on the Compliance Resources page in ReportMyUP where you can search by state for details such as due dates, dormancy, and address information.
State dormancy changes frequently and when it does, we make sure to recalculate the due date on any properties in ReportMyUP when we publish the new dormancy information to our Compliance Resources.