Annual Department of Labor Reporting is a Snap with our Microsoft Dynamics ERP Quick LM2 Module
Capture LM2 Info
& Receivables Processing
with the DOL
Micro Force-Velosio understands how tedious and time-consuming annual reporting can be for labor unions. Our solution, Quick LM-2, works seamlessly in your Microsoft Dynamics GP system, eliminating much of the effort.
Quick LM-2 modules automatically capture all the transaction schedules that are in your ERP for Schedules 14-20. And do so without any extra effort by your AP team, even though the DOL reporting is computed on a cash basis with many special conditions. You can even import transactions you may have on spreadsheets or from other sources, and make changes to your data before submitting your final report to the Department of Labor.
Quick LM-2 Highlights:
Works seamlessly in your existing ERP without any extra effort by your staff
Automatically captures necessary LM2 information while entering regular transactions by using default setups
Permits coding for LM2 after vendor invoices have been posted or paid
Features to capture vendor purchases via credit card purchases or corrections
Imports data from spreadsheets or other sources and apply default LM2 values to eliminate hours of extra manual effort by your staff
Includes reconciling reporting that can be used monthly to reduce the painful year end work that may be required if not using this module
Includes full reporting, with the option to export to Microsoft Excel
LM2 data recorded and stored in your ERP, so you have “one source of truth” versus solutions that require data exporting to Excel to create LM2 reporting
Is fully compliant with the Department of Labor