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Automatically
Capture LM-2 Info
Effortless Payables
& Receivables Processing
Fully Compliant
with the DOL
Work With a Partner Who Knows Your Business
Micro Force understands your needs are unique from firsthand knowledge gained from servicing the business software needs of Labor Unions for the past 20 years.
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We support Microsoft technologies because it gives you choices. You can work in the Cloud or on-premises to fit your needs.
It Costs More Than You Know to Produce Your LM-2 Report Year-after-Year
Labor Unions who comply with annual LM-2 reporting face a substantial work-effort to gather and consolidate the information needed.
Attempting to create the LM-2 report manually requires massive hours of your resources time, makes you vulnerable to errors, and is one of the biggest challenges for Labor Unions to pull together year after year.
Multiply the hours spent collecting data from various sources, meticulously transforming the data to meet cash basis and special requirements, and correcting errors from manual processing to identify a major repeatable expense.
The Rules Changed. Your Reporting Process Must Change Too.
The Department of Labor's June 2026 LM 2 reforms have dramatically increased annual reporting requirements for thousands of labor unions. More schedules, more reporting categories, and more detail mean more complexity and greater compliance risk for organizations relying on manual processes and spreadsheets. Check out our FAQ below or this blog article for more details about these changes.
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Micro Force Quick LM2 gives your union a simple, practical path forward—helping you capture, classify, and report the information required under the new rules while reducing the stress and uncertainty that many unions are experiencing today.
Why Not Solve LM-2 Compliance Once and For All for Continuous Savings Year-after-Year?
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 or Dynamics 365 Business Central system, eliminating much of the effort.
How To Create Your LM2 Report the Easy Way:
Get Quick LM-2 modules from Micro Force to capture all the transactions that are in your Microsoft Dynamics ERP for Schedules 14-20 automatically.
Eliminate extra effort by your AP team to meet cash basis and special conditions from the DOL. Quick LM-2 will handle it for you.
Consolidate - Import transactions you may have on spreadsheets or from other sources.
Easily make adjustments to your data before submitting your final report to the Department of Labor.
Quick LM-2 Highlights:
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Works seamlessly in your existing ERP without any extra effort by your staff
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Automatically captures necessary LM-2 information while entering regular transactions by using default setups
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Permits coding for LM-2 after vendor invoices have been posted or paid
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Features to capture vendor purchases via credit card purchases or corrections
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Imports data from spreadsheets or other sources and apply default LM-2 values to eliminate hours of extra manual effort by your staff
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Includes reconciling reporting that can be used monthly to reduce the painful year end work that may be required if not using this module
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Includes full reporting, with the option to export to Microsoft Excel
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LM-2 data recorded and stored in your ERP, so you have “one source of truth” versus solutions that require data exporting to Excel to create LM-2 reporting
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Is fully compliant with the Department of Labor
Some of the largest labor unions in the country enjoy our Quick LM-2 solution, including:
American Postal Service Union
ASFCME
Security Police Fire Union
AFGE
District Council 37
International Brotherhood
NYSUL Professionals
Frequently Asked Questions
What changed with the new LM-2 reporting requirements?
The Department of Labor's final rule introduces the most significant updates to LM-2 reporting in more than 20 years. Some of the biggest changes include:
• A new LM-2 Long Form for labor organizations with annual receipts of $40 million or more.
• More detailed schedules for reporting receipts and disbursements.
• Separate reporting for organizing activities and contract administration.
• Expanded disclosure requirements for certain transactions, vendors, and affiliates.
• Updated filing thresholds for LM-2, LM-3, and LM-4.
• Elimination of certain officer disbursement reporting exceptions.
These changes are designed to improve transparency by requiring more detailed, transaction-level financial reporting.
Does our labor union have to file the new LM-2 Long Form?
Not necessarily. The new LM-2 Long Form is only required for labor organizations with $40 million or more in annual receipts. According to the Department of Labor, only about 100 labor organizations nationwide are expected to meet this threshold.
If your organization has less than $40 million in annual receipts, you'll continue filing either the revised LM-2, LM-3, or LM-4, depending on your annual receipts. Even if you don't file the Long Form, the updated reporting requirements may still affect your organization, so it's important to review the new rules before your next reporting cycle.
Which form does our union file now... LM-2, LM-3, or LM-4?
The form your organization files is based on its annual receipts.
Annual Receipts of $40 million or more: Required to file the LM-2 Long Form
Annual Receipts of $350,000–$39,999,999: Required to file the Revised LM-2
Annual Receipts of $25,000–$349,999: Required to file the LM-3 (or LM-2 by choice)
Annual Receipts under $25,000: Required to file the LM-4 (or LM-3/LM-2 by choice)
Because the Department of Labor increased the filing thresholds, some labor organizations that currently file the LM-2 may now qualify to file the shorter LM-3 instead. Reviewing your annual receipts now can help you determine which form you'll be required to file under the new rules.
When do the new Department of Labor LM-2 reporting rules take effect?
The new rules became effective July 1, 2026, but they apply only to labor organizations whose fiscal year begins on or after July 1, 2026.
Because LM reports are filed after the close of a fiscal year, the earliest organizations will file under the revised requirements after June 30, 2027. This gives labor organizations time to review their accounting processes and prepare before their first filing under the new rules.
How can our union prepare our accounting system for the new LM-2 requirements?
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