Changes will be coming soon for the way quarterly reporting is done. Last week, the GSA announced that they will be retiring the old system of 72A and transitioning to the new FAS Sales Reporting Portal (SRP). The change of systems is due to the GSA’s effort to become more modernized. This will be done through three phases over the next 12 months. If you are currently reporting in the SRP for TDR, then this change should not affect your current process.
The first phase is notification of the date your company will begin reporting sales and IFF payments in the new system. No action needs to be taken until April 2019, which is when the first month of reporting in the new system begins.
The second phase is your company completing the final reporting of sales and remittal of IFF in the old 72a System for the current quarter. Report your sales as you usually would for quarter one of the fiscal year.
The third phase consists of your history being transferred into the new FAS SRP system. This will not take place until the last sales have been reported and IFF is paid in the 72A System. Once the final reporting is complete, the GSA will transfer your contract sales into the FAS SRP. If your company has an imbalance between IFF owed versus IFF paid then you will be notified prior to the migration.
If you have any questions about the system migration you can contact your IOA or ACO. Not sure who your IOA or ACO is? Check here: https://vsc.gsa.gov/tools/aco_ioa.cfm
This change is part of an overhaul of the GSA’s MAS Program, our team will be on top of the changes so be sure to check back for updates over the next few months!