--000000000000e5dbc105e944a1d4 Content-Type: text/plain; charset="UTF-8" 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] --000000000000e5dbc105e944a1d4 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Ok, thanks for the clarification.=C2=A0 = Hua, we should move this to account 700451 - Acquisition Related Bonus= .=C2=A0 This will stay on the Vancouver P&L, but below the AEBITDA line= . Mitch, let me know if you interpret this di