---
title: Financial Statements
description: "The GSA requires your **Balance Sheet and Profit/Loss Statement from the past 2 years**. Important Notes: - Tax Returns are NOT accepted by GSA - If the year just rolled over, then you are not required to have the previous…"
url: "https://www.gsascheduleservices.com/kb/offer-document-gathering/financial-statements/"
updated: "2022-04-13"
category: "Getting Your GSA Contract / Step 1: Doc Gathering"
tags:
  - sam
---

# Financial Statements

The GSA requires your **Balance Sheet and Profit/Loss Statement from the past 2 years**.

Important Notes:

- Tax Returns are NOT accepted by GSA
- If the year just rolled over, then you are not required to have the previous years financials until April - so the two years before the previous are needed (Example: on Feb 15, 2021, you would send over 2018 & 2019 Financials, because 2020 are still likely being prepared).
- I normally recommend submitting your financials as you handle them internally (either Cash or Accrual Basis). The GSA Financials Analysts may require Accrual Basis later in the process.

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