How do Keep Bonuses impact my financial statements?

If you fund your bonuses yourself, you’ll see a decrease to cash and a corresponding increase in receivables.  When an employee vests as to a milestone, you’ll incur a payroll expense, and see a decrease to receivables in that amount.  At this time, you should make a payroll tax contribution.  If Keep Capital is funding the bonus, then you will see an increase in your liabilities (to Keep). The foregoing does not include the Keep fees associated with using our platform, for which you’ll incur an expense.

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