--0000000000008d8e7b05fe603a6c Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim. In our next catch up session, maybe we can discuss this more. I see a severance account, but that'll still affect EBITA and I looked back in Netsuite and didn't see accounts that were used. We'll be able to make the reclass in June if that's ok with you which is quarter end anyway. On Thu, Jun 15, 2023 at 6:50=E2=80=AFPM Daniel Barakat wrote: > I'll do that. Thanks Tim > > On Thu, Jun 15, 2023 at 10:09=E2=80=AFAM Timothy Thomas w= rote: > >> Yeah Hua used to break that out as we didn't want our EBITA % to be >> affected by the severance and pay in lieu. >> >> I'm not sure which account, you'll have to take a look at previous >> periods. >> >> On Thu, Jun 15, 2023 at 10:04=E2=80=AFAM Daniel Barakat > daniel.barakat@thekey.com> wrote: >> >>> Hi Tim. Correct. Wages has increased due to the termed employees. I=E2= =80=99m >>> glad you mentioned that because on the payroll register, it shows up as >>> salaries and wages for the =E2=80=9Cin lieu=E2=80=9D. Do you typically = break that out and >>> if so do you know where? If not I can find a previous period to see wh= ere >>> we coded it. >>> >>> We=E2=80=99ll also add an accrual for the holiday. Thanks. >>> >>> On Thu, Jun 15, 2023 at 10:01 AM Timothy Thomas wrote: >>> >>>> In addition, I noticed the office comp went up. Is that because of the >>>> severance paid to the HCL team? If so, should that not fall into its o= wn GL >>>> account? >>>> >>>> Thanks >>>> >>>> On Thu, Jun 15, 2023 at 10:00=E2=80=AFAM Timothy Thomas wrote: >>>> >>>>> Hi Daniel, >>>>> >>>>> I don't see holiday wages in May. There was a statutory holiday for >>>>> Victoria day on May 22nd. Has that been accrued correctly? Otherwise,= we're >>>>> being very mindful of margin on new cases with a goal of achieving 50= % GP. >>>>> As new cases come in and old cases filter out, our margin should cont= inue >>>>> to improve over time. >>>>> >>>>> Hope this helps. >>>>> >>>>> On Wed, Jun 14, 2023 at 4:59=E2=80=AFPM w= rote: >>>>> >>>>>> Hi Tim. Here=E2=80=99s the prelim P&L for Toronto. Can you look at= the >>>>>> margins in particular? Revenue went up but COGs went down. I under= stand >>>>>> there was a rate increase, and was wondering if the increase was >>>>>> substantial enough to explain the jump in margins. Also, COGs shoul= d have >>>>>> been $14.8k lower in April, and $17k higher in May. Doesn=E2=80=99t= change the >>>>>> amount for the year. That=E2=80=99s been adjusted in the attachment= . >>>>>> >>>>>> >>>>>> >>>>>> Also, feel free to let us know if you have any other questions. >>>>>> >>>>> >>>>> >>>>> -- >>>>> Tim Thomas >>>>> Head of Canada Division >>>>> *Please note my email has changed:* >>>>> tt@TheKey.com >>>>> (514) 591-9387 >>>>> TheKey.ca >>>>> [image: TheKey] >>>>> >>>> >>>> >>>> -- >>>> Tim Thomas >>>> Head of Canada Division >>>> *Please note my email has changed:* >>>> tt@TheKey.com >>>> (51