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