Labor union finance and accounting professionals understand the importance and time-consuming process of recording and reporting of the annual LM-2 to the Department of Labor. LM-2 on Sage Intacct is an integrated module for your deployment of Sage Intacct, configured to meet your unique organizational requirements. This module streamlines the full cycle supporting the creation of your LM-2 reporting, from data entry, tracking, and file generation for submission to the Office of Labor-Management Standards (OLMS).
This product allows your Sage Intacct users 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.