Fwd: Liability Insurance in May

FYI, the severance was recorded in the severance account, but the in-lieu
payments were recorded in salaries.  I've asked accounting to reclass the
in-lieu payments to severance in June.

Mitch

From: Mitch Belitz <mitch.belitz@thekey.com>
Date: Thu, Jun 29, 2023 at 5:33 PM
Subject: Re: Liability Insurance in May
To: Daniel Barakat <daniel.barakat@thekey.com>

Daniel, yes, please reclass the in lieu payments to severance in June.

Thank you.

Best,
Mitch

On Thu, Jun 29, 2023 at 5:27 PM Daniel Barakat <daniel.barakat@thekey.com>
wrote:

> Hi Mitch.  Severance was posted to Severance by the payroll team, and the
> in lieu was posted to salaries and wages 700080.  I can move it in June if
> it'll help make it easier for you to calculate EBITA.
>
> Correct on rent for Calgary.  Sara's team does that.
>
> On Thu, Jun 29, 2023 at 5:22 PM Mitch Belitz <mitch.belitz@thekey.com>
> wrote:
>
>> Thank you Daniel!  There are two questions still to be answered:
>>
>> Where was May severance recorded? (salaries or severance?)
>> Calgary rent expense isn't correct (I sent an email to Sara and Shavon on
>> this one)
>>
>> Thanks again.
>>
>> Mitch
>>
>>
>> On Thu, Jun 29, 2023 at 5:07 PM Daniel Barakat <daniel.barakat@thekey.com>
>> wrote:
>>
>>> Here's the last answer to Tim's questions.  We'll reclass in June and
>>> amortize monthly.
>>>
>>> ---------- Forwarded message ---------
>>> From: Daniel Barakat <daniel.barakat@thekey.com>
>>> Date: Thu, Jun 29, 2023 at 5:06 PM
>>> Subject: Re: Liability Insurance in May
>>> To: Elizabeth Wood <elizabethwood@shaw.ca>
>>>
>>>
>>> Thanks for the response Elizabeth. I think in June it would be best to
>>> move it to prepaids and amortize monthly.
>>>
>>> Thanks.
>>>
>>> On Thu, Jun 29, 2023 at 4:55 PM Elizabeth Wood <elizabethwood@shaw.ca>
>>> wrote:
>>>
>>>> Hi Daniel,
>>>>
>>>>
>>>>
>>>> In the past, our insurance payments were made monthly.
>>>>
>>>>
>>>>
>>>> We could move it into prepaids and expense it monthly.  However, it has
>>>> already been expensed and accepted and I am unable to make changes to prior
>>>> months …
>>>>
>>>>
>>>>
>>>> Let me know how you would like me to proceed.
>>>>
>>>>
>>>>
>>>> Thanks!
>>>>
>>>> Elizabeth
>>>>
>>>>
>>>>
>>>> Sent from Mail <https://go.microsoft.com/fwlink/?LinkIdU0986> for
>>>> Windows
>>>>
>>>>
>>>>
>>>> *From: *Daniel Barakat <daniel.barakat@thekey.com>
>>>> *Sent: *June 28, 2023 1:29 PM
>>>> *To: *Elizabeth Wood <elizabethwood@shaw.ca>
>>>> *Subject: *Liability Insurance in May
>>>>
>>>>
>>>>
>>>> Hi Elizabeth.  Do we usually amortize this over several periods instead
>>>> of expensing all of it in one month?
>>>>
>>>>
>>>>
>>>>
>>>>
>>>
>>
>> --
>> Mitch Belitz
>> * Head of FP&A*
>> mitch.belitz@thekey.com
>> <https://brand.thekey.com/esg/mitch.belitz@thekey.com>
>> TheKey.com <https://www.thekey.com/>
>> [image: TheKey] <https://homecareassistance.com/>
>>
>

Mitch Belitz
* Head of FP&A*
mitch.belitz@thekey.com
<https://brand.thekey.com/esg/mitch.belitz@thekey.com>
TheKey.com <https://www.thekey.com/>
[image: TheKey] <https://homecareassistance.com/>

Mitch Belitz
* Head of FP&A*
mitch.belitz@thekey.com
<https://brand.thekey.com/esg/mitch.belitz@thekey.com>
TheKey.com <https://www.thekey.com/>
[image: TheKey] <https://homecareassistance.com/>