The General Services Administration (GSA) has announced that Federal Supply Schedule contractors will be required to use a new system beginning in 2019 to report their sales and remit their Industrial Funding Fee (IFF).
The present 72A Reporting System will be replaced with a Sales Reporting Portal (SRP). The goal of the transition to the SRP is to provide a single reporting system for all contractors to use for reporting sales and remitting IFF.
GSA’s overall IT modernization efforts include improving its IT enterprise by building and maintaining a more modern and secure architecture for its IT systems.
The transition to the SRP system not only supports GSA’s modernization effort, but it streamlines the overall process of reporting sales and remitting the IFF, making it more efficient for GSA and its industry partners alike.
The Federal Acquisition Service’s Sales Reporting Portal currently houses all the Transactional Data Repository (TDR) contracts as well as all new quarterly reporting MAS contractors as of July 2018. GSA wants to complete the transition by moving more than 14,000 current contracts into the FAS SRP to allow for the sun-setting of the existing 72A reporting system.
GSA has developed and implemented a three-phase implementation approach that will be carried out over the next 12 months. This phased-in approach will let contractors start reporting in the new system while GSA transitions their historical data over from the legacy 72A system.
- In Phase One, companies will be notified via email that their Schedule contract(s) have been assigned a FAS Sales Reporting Portal transition date. This date will be the first day of a reporting quarter. No action will be needed until the end of that reporting period, when the contractor will begin reporting sales and remitting their IFF in the new FAS SRP.
Example: A contract is assigned the Jan. 1, 2019 transition date which is the first day of a reporting quarter. No action will be necessary until the contractor has to report sales for that quarter in April 2019. That will be the first time the contractor would be required to log into the FAS SRP and report sales there.
- In Phase Two, contractors complete their final reporting of sales and remittal of IFF in the legacy 72A System for the current quarter.
Example: FAS SRP Report Date: January 2019 – The contractor will report sales and remit their IFF in the legacy 72A system one final time for the period covering October 2018 thru December 2018. This reporting will be due by January 30, 2019. The company will report sales for the quarter January 2019 through March 2019 in the new FAS SRP during April 2019.
- In Phase Three, all contract history will transfer over from the legacy 72A System into the new FAS SRP. This process will not happen until the last sales have been reported and the IFF is paid in the 72A System. Once complete, GSA will migrate the contract sales history over into the FAS SRP . If the contract has an overall variance (i.e., an imbalance between IFF owed and IFF paid) at that time, the contractor will be notified via email prior to migrating their history into the FAS SRP.
Contractors may direct questions related to this transition via email to: MASPMO@gsa.gov.
