--0000000000007c02730612149ccc Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Good news. Accounting is looking into moving these amounts to Dec. This means opening up the 2023 books. Let's see what happens. Thanks, *Diego Castaneda* Head of FP&A On Thu, Feb 22, 2024 at 6:05=E2=80=AFPM Diego Castaneda wrote: > Hi Tim > This is very helpful. I also have a few questions out to accounting to > build the full picture and then we can discuss a good step forward. > > > Thanks, > *Diego Castaneda* > Head of FP&A > > > On Thu, Feb 22, 2024 at 5:05=E2=80=AFPM Timothy Thomas wr= ote: > >> Hi Team, >> >> I've collaborated with payroll to accurately calculate the holiday pay >> and statutory pay for the December 25th and 26th holidays, applicable in >> certain provinces. The total amount is $102,577.46. However, only $7,399= of >> this is currently reflected in the December P&L, with the remainder, >> $209,138, allocated to January. >> >> This oversight in accrual has inadvertently caused a $102,577 discrepanc= y >> to fall into January, adversely affecting our AEBITDA by 3.5% for the >> month. This was not anticipated in our budget, and I'm concerned about t= he >> potential impact on our General Managers' incentives. >> >> The calculations can be found here - >> https://docs.google.com/spreadsheets/d/1-MRRx9mCBxhu0eUVg-t7tbr2NZJDer0I= NRlYqyuRjqo/edit?usp=3Dsharing >> >> Let's discuss how we can address this issue to ensure fairness and >> accuracy. >> >> P.S. Irin Eva from payroll helped generate these figures >> Thanks, >> Tim >> >> -- >> Tim Thomas >> Head of Canada Division >> *Please note my email has changed:* >> tt@TheKey.com >> (514) 591-9387 >> TheKey.ca >> [image: TheKey] >> > --0000000000007c02730612149ccc Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Good news. Accounting is looking i= nto moving these amounts to Dec. This means opening up the 2023=C2=A0books.= Let's see what=C2=A0happens. Thanks, Diego= Castaneda Head of FP&a= mp;A On Thu, Feb 22, 20= 24 at 6:05=E2=80=AFPM Diego Castaneda < diego.castaneda@thekey.com > wrote: Hi= Tim This is very helpful. I also have a few questions out=C2=A0to acco= unting=C2=A0to build the full picture and then we can discuss a good step f= orward. = Thanks, Diego Castaneda Head of FP&A On Thu, Feb 22, 2024 at 5:05=E2=80=AFPM Timot= hy Thomas < tt@thekey.= com > wrote: Hi Team, I've collaborated with payroll to a= ccurately calculate the holiday pay and statutory pay for the December 25th= and 26th holidays, applicable in certain provinces. The total amount is $1= 02,577.46. However, only $7,399 of this is currently reflected in the Decem= ber P&L, with the remainder, $209,138, allocated to January. Thi= s oversight in accrual has inadvertently caused a $102,577 discrepancy to f= all into January, adversely affecting our AEBITDA by 3.5% for the month. Th= is was not anticipated in our budget, and I&