Micro Force

Labor Unions

The LM-2 reporting requirements can seem complicated and overwhelming. LM-2 annual reports are very detailed and must be sent in an electronic format. Standard payable reports from most programs do not provide the information or the forms required for this reporting requirement.

Industry surveys estimate that fulfilling LM-2 reports will require an additional 74 - 260 hours. How can this be done without hiring more staff? The best solution is the Micro Force’s LM-2 software system that works with Great Plains.

Micro Force worked closely with NYC union, DC37, to develop a fully integrated solution to work with their Microsoft Great Plains financial system. This solution does not require additional work for a payable clerk. It permits LM-2 information to be updated after invoices have been processed. It includes a year end report that can be sent in an electronic format with the “push of a button” eliminating the hundreds of hours of work that would otherwise be required.

LM-2 FAQs:

• Who must file an LM-2 form with the Department of Labor?

  Every labor organization subject to the Labor-Management Reporting and Disclosure Act, as amended (LMRDA), the Civil Service Reform Act (CSRA), or the Foreign Service Act (FSA) must file a financial report each year with OLMS.

• How much can we expect to save with Micro Force's LM-2 Solution?

  Duplicate data entry is not required - saving hundreds of hours.

• Who is using your software?

  A few of our larger unions include New York's District Council 37, Professional Sports Players Association, State Teachers Unions, International Unions for Uniformed Personnel to name a few.

• Can the LM-2 solution map to my current software?

  Yes, our solution can work with many popular accounting software products.

• What role does my CPA firm play in this?

  Our software enhances the due diligence activities of your CPA by allowing you to allocate transactions to the LM-2 schedules whenever necessary. Your CPA firm can review transactions and adjustments can easily be processed.

LM-2 Reporting

There’s no doubt — LM-2 reporting requirements are complicated. The additional work for the expense schedules can be overwhelming! The LM-2 annual reports are very detailed and must be sent in an electronic format. Standard payable reports from most programs do not provide the information, or the forms required, for LM-2 requirements.

Micro Force has developed user-friendly, affordable software that address your LM-2 requirements using Microsoft Dynamics™. We have extensive experience helping labor unions integrate LM-2 electronic requirements with back office systems without the need for additional staff.

Update from Quickbooks or legacy systems and see how easy LM-2 compliance can be. We can migrate your current year's data into a Microsoft Program that can electronically populate your next DOL's LM-2 electronic form.

LM-2 Reporting FAQs:

• Who must file an LM-2 form with the Department of Labor?

  Every labor organization subject to the Labor-Management Reporting and Disclosure Act, as amended (LMRDA), the Civil Service Reform Act (CSRA), or the Foreign Service Act (FSA) must file a financial report each year with OLMS.

• How much can we expect to save with Micro Force’s LM-2 Solution?

  Duplicate data entry is not required — saving hundreds of hours.

• Who is using your software?

  A few of our larger unions include New York’s District Council 37, Professional Sports Players Association, State Teachers Unions, International Unions for Uniformed Personnel to name a few.

• Can the LM-2 solution map to my current software?

  Yes, our solution can work with many popular accounting software products.

• What role does my CPA firm play in this?

  Our software enhances the due diligence activities of your CPA by allowing you to allocate transactions to the LM-2 schedules whenever necessary. Your CPA firm can review transactions and adjustments can easily be processed.