Hi Dennis
After looking into the variance, I was able to identify that the spike in
June was due to a formula issue within accoutning's files that caused
incorrect accrual amounts to be booked for the non-CG payroll. I have spoke
with accounting and this entry is auto-reversing in July; therefore, you
should see the offset of the variance this month.
On Mon, Jul 21, 2025 at 2:19 PM Tyrone Butts <tyrone.butts@thekey.com>
wrote:
> Just a heads up still reviewing payroll files.
>
> On Fri, Jul 18, 2025 at 9:58 AM Tyrone Butts <tyrone.butts@thekey.com>
> wrote:
>
>> Still looking into will follow back up with an answer shortly
>>
>> Thank You,
>> Tyrone Buts
>>
>> *Tyrone Butts*
>> *Manager of FP&A*
>> *(M) 973-270-1775*
>>
>> [image: TheKey]
>>
>>
>> On Fri, Jul 18, 2025 at 9:46 AM Timothy Thomas <tt@thekey.com> wrote:
>>
>>> Hi Tyrone,
>>>
>>> Do you have any insights on this?
>>>
>>> On Wed, Jul 16, 2025 at 4:40 PM Dennis Fancy <dfancy@thekey.com> wrote:
>>>
>>>> Hi Tyrone,
>>>>
>>>> I am trying to understand why there is such a huge variance in our
>>>> month over month payroll taxes expense. It is $25k for June yet the
>>>> previous two months was under $2k. Can you please clarify?
>>>>
>>>> Thank you in advance,
>>>>
>>>> Dennis Fancy, BSP
>>>> General Manager
>>>> (204) 489-6000
>>>>
>>>> TheKey.ca <https://thekey.ca/>
>>>>
>>>> [image: TheKey]
>>>>
>>>
>
> --
> Thank You,
> Tyrone Buts
>
> *Tyrone Butts*
> *Manager of FP&A*
> *(M) 973-270-1775*
>
> [image: TheKey]
>
Thank You,
Tyrone Buts
*Tyrone Butts*
*Manager of FP&A*
*(M) 973-270-1775*
[image: TheKey]