LM-2 module: Generate fast, easy submissions for financial disclosures

Generate fast, easy annual reporting for financial disclosures

As required by the U.S. Department of Labor (DOL), the annual LM-2 is one of the most detailed and complex financial disclosures for labor organizations to pull together. Without adequate internal resources to manage deadlines and take on the filing burden, organizations can face penalties or even negative public exposure.

Wipfli’s LM-2 module built for Sage Intacct streamlines the entire process, including data entry, financial tracking, file generation and submission to government. With reporting automation, labor unions can significantly reduce risk, errors and manual efforts — and gain peace of mind knowing that their LM-2 submission is accurate, complete and compliant.

How LM-2 for Sage Intacct ensures precision and rigor in reporting

We designed this tool based on feedback from labor organizations that needed a better way to track, calculate and reconcile every account and record required for the formal LM-2 report. Whether an organization has been using Sage Intacct for years or is just now in the process of adopting its financial management solution, this module can be turned on for immediate value.

By automatically recording transactions against LM-2 schedules 14 through 20, labor unions save time and money with built-in features and controls that make it easy to stay diligent throughout the year, before reporting season is in full swing.

Benefits of a streamlined LM-2 reporting experience

Wipfli has been a trusted Sage Intacct integration partner for 12+ years, delivering its automated and flexible accounting system in over 400 implementations. Along with a growing portfolio of products built in collaboration, our LM-2 module offers seamless integration into the Sage experience. Here are some benefits:

Assured compliance across the organization

With multi-level and decentralized structures, unions can more easily record financials and roll up the hundreds of complex LM-2 data points without the headache.

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Assured compliance across the organization

With multi-level and decentralized structures, unions can more easily record financials and roll up the hundreds of complex LM-2 data points without the headache.

Built-in requirements for labor unions

Our LM-2 module in Sage Intacct helps organizations track all transactions with specific defaults and overrides built into the tool to ensure compliance by design

Built-in requirements for labor unions

Our LM-2 module in Sage Intacct helps organizations track all transactions with specific defaults and overrides built into the tool to ensure compliance by design

Simplified preparation and file submission

From day-to-day automation to the electronic file generation, labor organizations can do it all from their Sage Intacct accounting platform for maximum efficiency.

Simplified preparation and file submission

From day-to-day automation to the electronic file generation, labor organizations can do it all from their Sage Intacct accounting platform for maximum efficiency.

Maximize the value of your ERP

From purchasing and payroll to financial reporting and fraud prevention, Wipfli works with organizations to transform operations across core functions. With deep experience addressing industry-specific needs, Wipfli developers created a marketplace of proven, ready-to-use digital connectors and tools that push your enterprise systems farther.

Learn how our solutions can help drive your next chapter of performance and growth.

Our team

Matt Rowley

Matt Rowley is a principal in Wipfli’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.