“GSA Focus added us $26.8M in revenue over 4 years” – Ted M., Cask

The GSA asks for Balance Sheet and Profit/Loss Statement from the past 2 years. Reports generated from your accounting software work just fine, they do not need to be audited or “blessed” by a CPA. The GSA will not accept Tax Returns.

Why does the Need my Financials?

This is just a GSA requirement. They like to look into a companies financials as part of their due diligence and mostly to establish that there is no risk in awarding your GSA Contract. Note that the GSA holds all documents submitted confidential. They are never made public or shared with anyone other than the 1-2 people within GSA reviewing all docs.


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