Reduce the complexity of generating the LM-2.
Recording and reporting the annual LM-2 to the Department of Labor is an arduous process.
That’s why Wipfli developed the LM-2 module for Sage Intacct. The module streamlines the full LM-2 cycle and supports the creation of your LM-2 reporting, including data entry, tracking and file generation. It makes your submission to the Office of Labor Management Standards (OLMS) much easier and faster.
It also allows you to track AP bill entries and expense report entries, with specific defaults or overrides to track against any of the following LM-2 schedules:
- Schedule 14 - Other Receipts
- Schedule 15 - Representational Activities
- Schedule 16 - Political Activities & Lobbying
- Schedule 17 - Contributions, Gifts & Grants
- Schedule 18 - General Overhead
- Schedule 19 - Union Administration
- Schedule 20 - Benefits
In addition to easily tracking AP and expense transactions against the appropriate schedules, the LM-2 on Sage Intacct module automatically generates the appropriate file layout in either CSV or XML required by OLMS for submission.
Why Wipfli?
We know your industry — from the challenges you face to the right strategy you need to meet them head-on. We will configure LM-2 on Sage Intacct to meet your unique organizational requirements, helping you create efficiencies and save time. Contact us to learn how we can help you generate the LM-2 more easily than ever before.
Our team
Matt Rowley
Matt Rowley is a principal in Wipfli LLP’s technology consulting practice and leads the firm’s intellectual property development practice. He has built and led client service teams that drive financial, operational, and process improvement transformations.
