Re: August Vancouver CAD$50K bonus paid out to Carolina

From
Connor Smith <connor@thekey.com>
To
Audra Williams <audraw@thekey.com>
CC
Alexander Bench <alex.bench@thekey.com>, Hua Wu <hua.wu@thekey.com>, Timothy Thomas <tt@thekey.com>
Date
Thu, 22 Sep 2022 07:01:30 -0600
Folder
INBOX
--00000000000095272305e943a92c Content-Type: text/plain; charset="UTF-8" Tim, When you say this bonus was tied to the acquisition agreement, does that mean this was an earnout payment? Thanks On Wed, Sep 21, 2022 at 11:33 PM Audra Williams wrote: > This expense should go below the line. If it is tied to an earnout it > should not be reflected on the local P&L. Earnouts should be hitting a > different P&L for integrations. > > Best, > > On Wed, Sep 21, 2022 at 2:21 PM Timothy Thomas wrote: > >> We discussed this exact issue today on our monthly P&L review. This is a >> bonus tied to Carolinas acquisition agreement and should not fall into >> office comp. It should be below the line or perhaps the BSG P&L. Adding >> Audra who can assist. >> >> Thank you. >> >> On Wed, Sep 21, 2022 at 5:16 PM Hua Wu wrote: >> >>> Hi Tim >>> >>> Do you have more info on the CAD$50K bonus paid out to Carolina in >>> August in Vancouver? Was it an earning bonus or other kind? >>> >>> @Connor Smith I put it in 700450 employee bonus. >>> If it's not the correct account, let me know what account to use and I'll >>> move it. >>> >>> Thanks. >>> >>> Hua >>> >>> *Hua Wu CA, CPA* >>> Accounting Manager - Canada >>> (403) 369-8848 >>> hua.wu@thekey.com >>> TheKey.com >>> [image: TheKey] >>> >> -- >> Tim Thomas >> Head of Canada Division >> *Please note my email has changed:* >> tt@TheKey.com >> (514) 591-9387 >> TheKey.com >> [image: TheKey] >> > > > -- > Audra Williams > Director of Business Support > *Please note my email has changed:* > audraw@TheKey.com > (425) 757-7027 > TheKey.com > [image: TheKey] > --00000000000095272305e943a92c Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Tim, W= hen you say this bonus was tied to the acquisition agreement, does that mea= n this was an earnout payment?=C2=A0 Thanks On Wed, Sep 21, 2022 at 11:33 PM Audra Williams &lt= ; audraw@thekey.com &gt; wrote: This expense should go below= the line.=C2=A0 If it is tied to an earnout it should not be reflected on = the local P&amp;L.=C2=A0 Earnouts should be hitting a different=C2=A0P&amp;= L for integrations. Best, On Wed, Sep 21, 2022 at 2:21 PM Timothy T= homas &lt; tt@thekey.com &gt; wrote: We discussed this exact issue today on our monthly P&= amp;L review. This is a bonus tied to Carolinas acquisition agreement and s= hould not fall into office comp. It should be below the line or perhaps the= BSG P&amp;L. Adding Audra who can assist.=C2=A0 Thank you.=C2=A0 On Wed, Sep 21, 2022 at 5:16 PM Hua Wu &lt; hua.wu@thekey.com &gt; wrote: Hi Tim Do you have more info on the CAD$50K bonus paid out to Caro= lina in August in Vancouver? Was it an earning bonus or other kind? @Connor Smith = =C2=A0 I put it in 700450 employee=C2=A0bonus. If it&#39;s not the correct = account, let me know what account to use and I&#39;ll move it.=C2=A0 Thanks. Hua <font f

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