--000000000000de681e05e944a91b Content-Type: text/plain; charset="UTF-8" Thanks Connor. I'll prepare the JE to move it this morning. Hua On Thu, Sep 22, 2022 at 8:11 AM Connor Smith wrote: > Ok, thanks for the clarification. > > Hua, we should move this to account 700451 - Acquisition Related Bonus. > This will stay on the Vancouver P&L, but below the AEBITDA line. > > Mitch, let me know if you interpret this differently. > > Thanks, > Connor > > > On Thu, Sep 22, 2022 at 7:24 AM Timothy Thomas wrote: > >> I'm not sure the exact definition of "earnout". It was not a holdback if >> that's what you mean. It was a part of her employment agreement negotiated >> with the acquisition team which she would receive at the end of her first >> year, tied to performance. >> >> On Thu, Sep 22, 2022 at 9:01 AM Connor Smith wrote: >> >>> 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] >>>> >>> >> >> -- >> Tim Thomas >> Head of Canada Division >> *Please note my email has changed:* >> tt@TheKey.com >> (514) 591-9387 >> TheKey.com >> [image: TheKey] >> > > > -- > Connor Smith > Finance Manager - FP&A > * Please note my email has changed: * > connor@thekey.com > 619-987-3790 > TheKey.com > [image: TheKey] > --000000000000de681e05e944a91b Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quo