In 2017, U.S. Senators Mac Thornberry (R-TX) and Adam Smith (D-WA) proposed a bill known as the Saving Federal Dollars Through Better Use of Government Purchase and Travel Cards Act of 2017 that concentrated on reducing waste, fraud, and abuse of Government spending on travel and when using purchase cards. This bill passed through the House and Senate when it was incorporated into the National Defense Authorization Act for Fiscal Year 2018 (or NDAA 2018). The Saving Federal Dollars Through Better Use of Government Purchase and Travel Cards Act of 2017 addressed three key issues with Government spends: (1) improper payments, (2) questionable transactions, and (3) strategic sourcing. Our focus today will be strategic sourcing.
In November 2018, GSA announced that it would sunset its long-standing quarterly sales reporting application, 72A, and replace it with a combined TDR/MAS sales reporting tool known as SRP, or Sales Reporting Portal. Some contractors were required to transition to the new system and report their FY Q1 sales as early as January 1, 2019 with all other contractors reporting their FY Q2 sales in SRP as of April 1, 2019. This blog will give you direction on that transition, as well as some instruction on how to report your first sales in SRP.
Do you know what the real benefits of being on the GSA Schedule are? Learn the top 10 reasons (and advantages) why you should consider it.