--000000000000c9d77b05e944b970 Content-Type: text/plain; charset="UTF-8" Thanks all! On Thu, Sep 22, 2022 at 8:16 AM Mitch Belitz wrote: > Agreed. > > > On Thu, Sep 22, 2022 at 7:11 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.