Jerry Eitel, the newly appointed chief Metaverse officer at High 100 Agency Prager Metis, explains why his agency is pioneering this new digital house, and what it might probably supply accountants.
Transcription:
Dan Hood: (00:03)
Welcome to on the air with Accounting Right this moment. I am editor-in-chief Dan hood. Now you’ve got most likely heard of the metaverse, however in the event you’re like me — or like many different folks— you may be utterly confused as to what precisely it’s and why precisely everybody’s speaking about it. In that case, you might be in luck as a result of right here to elucidate all of it in small phrases that even I can perceive is Jerry Eitel — he is the chief metaverse officer at High 100 Agency Prager Metis, which is the primary CPA agency to have a headquarters within the metaverse Jerry, thanks for becoming a member of us.
Jerry Eitel: (00:28)
My pleasure. Hopefully I can shed some mild — or darkness.
Dan Hood: (00:33)
Or a minimum of make it rather less darkish, perhaps somewhat simply, you already know, kind of dusky. Why do not we begin with defining the metaverse — and I notice this isn’t a straightforward query,a straightforward definition to deliver up, however give us your sense of what it’s.
Jerry Eitel: (00:45)
Yeah, I imply, it undoubtedly is not a straightforward reply as a result of I imply, you’ll be able to go into the web and do a search and you will get, you already know, the very apparent reply. However what I take a look at it as being sort of like an evolution of social media, sort of like an it is an extension of the true world, nevertheless it’s virtually like the true world meets, the web meets Internet 3.zero and meets 3D, the 3d digital world. And mainly it is a spot the place folks can meet, work together, do enterprise, you already know, go to live shows collectively. It is virtually such as you’re impulsively you are on this TV set and now you are alive and also you’re doing enterprise.
Dan Hood: (01:32)
Proper. And all on this digital atmosphere.
Jerry Eitel: (01:35)
It is all digital, it is all digital. And, um, it extends the digital headsets even, however that is not the place, you already know, I specialize.
Dan Hood: (01:42)
Gotcha. Um, nicely, let’s discuss somewhat bit what, what the agency is doing there. I, I discussed you forgot to your headquarters there. You are in, uh, in, you have got an workplace in, uh, headquarters in first rate land, which is a metaverse platform. Uh, what does that imply? I, and, and what does the agency hope to get out of it? I imply, what is the, what is the aim behind head organising these headquarters?
Jerry Eitel: (02:01)
Effectively, I, I believe the aim, like, uh, just like the metaverse, it is evolving, like after we, after we, after we went into it, we had been concerned with some, uh, to begin with, our shoppers had been moving into this house, cuz we, this, the agency itself particular has a, has a specialty in, um, in music and musicians. Now we have a enterprise administration division and, and um, and so they, um, and their shoppers had been getting concerned on this house, um, you already know, rappers and whatnot, you already know, with digital sneakers and, you already know, so, after which we additionally, I am simply supplying you with the evolution of this. After which, then we additionally, among the companions had somewhat and somewhat little bit of an funding on this, um, me music platform and that music platform, mainly, it was virtually like an city music scene the place they’d these, um, Tuesdays the place they introduced artists, uh, musicians into these loft areas and whatnot.
Jerry Eitel: (02:56)
They usually additionally had residing the place they, they introduced musicians to stay in sure, um, uh, homes collectively after which COVID comes. So then that firm pivoted to, um, the digital world after which they bought into digital wearables and digital music. After which, then we realized what number of totally different companies there are that going? In order that’s the way it began that we see there’s a number of companies and a number of exercise within the house. So we needed to ex lengthen, actually lengthen our firm right into a, it is virtually like transferring into one other state and even one other world. So now impulsively we open an workplace in one other world the place there have been companies and whatnot. So that is what led to it now. Um, you already know, so we do have an workplace there. We have not bought our opening but, so I hope that is sort of given you somewhat, um, certain. The, uh, basis of the workplace.
Dan Hood: (03:51)
Proper. Effectively, and it is attention-grabbing as a result of, uh, uh, that makes a number of sense. You talked about rappers. I used to be simply studying a factor to speak about there’s apparently, and there are a few D platforms, first rate land is considered one of them, however there are others. And every considered one of them, for many who keep in mind second life from 15 years in the past, there is a sense by which there’s, there’s actual property inside these, uh, these platforms. And, and there is a diploma to which you can really, it is an actual property little bit of actual property hypothesis, famously Snoop canine owns a plot in considered one of these platforms. And folks have been up the plots round him, the digital plots round him within the expectation that they’ll enhance in worth enormously. And a few of them have, I imply, you already know, gone from 30,000 to $500,000 or one thing like that. So there is a diploma to which there’s, uh, uh, along with following, as you stated, following, uh, uh, the industries that you simply’re that and the shoppers that you simply’re eager about, the companies that you simply’re eager about, there’s additionally a level to which you’ll, may be, uh, a little bit of an funding itself.
Jerry Eitel: (04:43)
Yeah, nicely, really, it is attention-grabbing. You stated a St I believe in sandbox and, and truly it extends to, um, it is like every other actual property, so, uh, to, to return to the workplace itself. So, um, as a result of that is how, how I grew to become this chief metaverse officer, which at my age is sort of absurd to start with, however we may discuss that after . So, so we needed to go purchase the land. So to purchase the land, you already know, keep in mind I am a, I am a novice. So I’ve to, I am going to Coinbase, I switch to a, you already know, you need to, you need to purchase the, the forex to purchase the land. After which you need to rent an, a sort of a designer that is design the constructing on the land, however the land itself does have worth. You already know, it does enhance in worth and there are neighborhoods, you possibly can actually construct a neighborhood, so you possibly can purchase a number of land and you possibly can develop a few of that land. After which someone strikes subsequent to you. And impulsively your worth of your land can go up. So it is, it’s, there’s a, fairly a, there’s an funding alternative on this land and there are funds shopping for, shopping for wind up. Many funds are shopping for land in many various metaverses as a result of there’s a couple of metaverse, which we may discuss too.
Dan Hood: (05:55)
Proper. Effectively, we have talked about you, uh, you are in, into central finish. You talked about sandbox. That is the place Snoop canine. I, I could not keep in mind the title of it. There you go. Uh, perhaps we speak somewhat bit about that. Like, uh, these separate the platforms themselves are separate, however you’ll be able to go into both one they’re at their very own little universes, proper?
Jerry Eitel: (06:09)
Yeah. Um, there’s additionally NFT worlds. That’s one other one. There is a thousand worlds. However the attention-grabbing factor is, um, there aren’t, you already know, cuz um, now that I’ve, um, I’ve gotten to speak to some funds that really spend money on these in land. I I am getting some statistics from a few of these funds and so they’re even surprising me like the quantity of, uh, wallets. Like whenever you, when you have got crypto, you switch the crypto to a pockets and then you definitely purchase land, what is the pockets for set. So I believe I noticed a statistic statistic that there is solely 73,000 wallets, that personal land. Effectively, there’s much more than 73,000 folks on the planet. Yeah, yeah. You already know? Yeah. And there are solely like, you already know, a number of main worlds, so the land and, and there is so few companies which have actually gotten into the house but. So I imply, I, I, I do know the cash’s going there. The cash goes there and you already know, accountants sort of observe the cash to some extent. So, um, proper.
Dan Hood: (07:11)
Effectively, and, and it, it’s, and it is value income, proper? These, the, the, the cash and the wallets and the, these are all crypto property, which have the personal bizarre tax implications that lots of people do not essentially perceive, uh, the place accounting companies are undoubtedly like, wait the IRS, these in a sure approach. It is advisable make certain, however for whenever you do transactions in crypto, that is not cash. That is an, an asset and also you’re promoting the asset and shopping for a brand new asset, et cetera, et cetera. And so there’s every kind of tax issues. So it is sensible for accountants to be there. However, uh, you talked about cash goes there. There may be super amount of cash. And a number of it is kind of speculative the place plainly approach as if it is, it is somewhat little bit of an actual property land, increase, nobody is aware of precisely what we’re gonna do in these locations.
Dan Hood: (07:48)
I imply, there’s every kind of potentialities. There’s every kind of, uh, you talked about, uh, stay music, uh, stream digitally from a, from a, uh, a metaverse platform, however different persons are , you already know, is it, is it like a storefront, like an internet site sort of factor the place you’ll be able to go in and work together with an advisor, an accounting agency may need somebody are available and say, Hey, what sort of providers do you supply probably? Uh, you possibly can showcase every kind of issues, uh, in the event you’re in numerous industries. So, however, uh, I, it appears like in the meanwhile, it is actually about actual property and fewer about what you’ll be able to really do there, cuz persons are nonetheless attempting to determine it out.
Jerry Eitel: (08:16)
Effectively, I believe it is a mixture, however I do suppose, and who makes all the cash? It is at all times the folks which are on the true property. So I believe it is the identical actual state of affairs that the funds should not taking probabilities. And perhaps they’re simply shopping for the true property to some extent. And the remainder of us try to make cash and alternative ways. You already know, it is at all times the folks with the true property and, and so they say, okay, the folks that promote the instruments are making the cash, proper. After which the most individuals which are attempting to do enterprise, perhaps one out of 10 survive or one thing like that. I nonetheless suppose it is right here to remain although, you already know? Um, and there are a number of manufacturers going into, I imply, how did I get into this house as a result of how did I get to this place? We’ll say, so I am clearly a tax individual.
Jerry Eitel: (08:58)
I used to be a tax barer, actual property tax bar. I do have some very unhealthy, I am a really unhealthy auditor, however I wasn’t, I used to be an auditor in some unspecified time in the future early in my profession and simply not for me, however, after which we bought concerned with this, um, sort of a fill that does branding. So I sort of have, I’ve somewhat little bit of, um, the information of the branding aspect of like, you already know, how do you do one thing within the metaverse and perhaps make some cash, then I’ve some tax information. So, um, you are proper. Once you, in the event you’re a enterprise and also you, um, paying someone in crypto, you’ll have made a capital achieve or a capital loss whenever you really pay someone in crypto, then you definitely most likely have to present someone a type, a 10 99 type, you already know, and all people says, it is the wild west. So, uh, there have been so many guidelines after which the SCC will get concerned. So I assume I grew to become this individual as a result of I sort of like, I can contact the branding facet of it, the tax facet, the audit facet, you already know, of the authorized conditions. I do know when someone’s sort of must, you already know, doing the improper factor. So, you already know, it is, um, it is a very difficult atmosphere and we attempt to assist folks do the best staff.
Dan Hood: (10:07)
Effectively, I wanna dive, I wanna dive extra into that. I wanna dive extra into your position as simply chief me versus officer and what the agency is. Uh, you already know, I sort of providers are providing what we’re gonna take a fast break and we’re again, we’re speaking with Jerry, I inform of Preger medication about, uh, the metaverse his position as, as chief metaverse officer. As I discussed earlier than the break, I, I wanna dive extra deeply into that. Uh, you talked about kind of your {qualifications} and the rationale why you are there, you perceive the branding, you perceive the tax facets of issues. Uh, what do you consider, what’s your position there? What are you, uh, how are you, are you selling them at, are you, are you guys constructing providers round it? Uh, and the way are you working in that, uh, that sphere?
Jerry Eitel: (10:44)
Effectively, I assume at, to begin with, my position’s most likely gonna evolve and finally it is gonna go to someone else as a result of keep in mind I am a, I am a companion emeritus and the way did I find yourself on this house? You already know, God is aware of, however I am right here, you already know? And, um, and, however mainly I am I in the meanwhile, I imply, finally I, I believe the, the technique could be this place could be sort of on a consulting stage, however for now till I am sort of quarterbacking. So, um, folks would attain, attain out to me and I’d deliver the, uh, tax folks into the state of affairs or the audit folks the fund involves, to, to me, I do know sort of what they’re on the lookout for when it comes to, do they want audit? Do they want tax? Do they want some branding or are they trying to, to do one thing to do enterprise? Are they already doing enterprise in there? Do they wish to do enterprise there? Are there, are they a model? Do they know a model that desires to get into the house? I per, I imply, keep in mind I, as loopy because it sounds, I personally purchased the land that absolute land is on. I personally went to my pockets. I bought the land. So I imply, that is how deep that is how loopy this factor is.
Dan Hood: (11:58)
, you are a pioneer, nicely,
Jerry Eitel: (11:59)
That, {that a} man, my age would purchase the land that absolute is on, in decentral land. Proper.
Dan Hood: (12:04)
However that is nicely, that is, what’s, what’s neat about it’s proper. I imply, anyone could be a pioneer at this level. It is, it is so new that, uh, it would not actually matter what age youre, it is extra a query of, of, uh, of whether or not you are keen to present it a shot and whether or not you are keen to attempt it. I, I ponder do you, do you foresee a degree the place, the place you might be guiding shoppers into the op someone involves you and says, Hey, what’s this metaverse factor about, do I must be there? Ought to I be there? And the way do I am going in? Is that an space that, that the agency is exploring, prefer to attempt to be that Sherpa, to deliver folks into the metaverse expertise?
Jerry Eitel: (12:30)
Um, AB completely. That’s the place we wish to head. We wish to educate folks, we wish to onboard onboard folks, assist folks get into the house, perhaps give excursions. We all know, we all know we have realized so much about, we we have made a number of contacts in these totally different metaverses to begin with, and we, we are able to sort of assist folks get into the house. Um, we all know the place to go. So the reply is sure. Now could be, does all people must, does all people must get into the metaverse? No, however sufficient do. And, you already know, we’ve got a enterprise administration division at our agency that focuses on the music and also you, you already know, it is, um, and style, we’ve got style. So definitely there’s there’s companies that might be getting into that do not even know. There are companies which have going to be getting into that do not even know they’re gonna be getting into. I imply, I may give you an instance. I imply, you are taking a, a constructing just like the empire state constructing or one thing like that. I imply, they may actually, you already know, put a constructing within the metaverse and hire house. I am within the empire state. I am not saying it is gonna occur. however even the true property enterprise, perhaps within the digital actual property enterprise. Proper. You already know,
Dan Hood: (13:43)
Effectively, it is attention-grabbing. Does
Jerry Eitel: (13:44)
That make sense to you?
Dan Hood: (13:44)
Yeah, completely. Effectively, I imply, in a single methods, whenever you discuss industries that kind of would have a pure match. I imply, there’s a number of, of, uh, metaphorical parallels between the true property enterprise and the digital a property enterprise. That is sensible for them to wanna be in there to have the ability to say, yeah, not solely are you able to hire a ground within the, the, the empire state constructing in the true world, however you additionally wanna be sure to have the identical ground within the empire state constructing in, in a, in a digital world. However it’s attention-grabbing, you, you discuss among the, you talked about, uh, style and, and music, uh, that does appear to be a sure diploma, and it isn’t completely this fashion, however a number of the curiosity in that is appears to be pushed by inventive. Uh, the inventive industries, uh, is music, people who find themselves making NFT artwork, you already know, the kind of non fungible, uh, token artwork kind of stuff are getting into there in an enormous approach. It appears there’s a number of that angle to it. Do you see it increasing a lot past that and changing into a way more kind of common enterprise? Or do you suppose it’s going to at all times hold that kind of like stated it isn’t, it isn’t completely creative or artsy, uh, however there appears to be a, a, a significant inflection that approach.
Jerry Eitel: (14:41)
I believe, um, finally it is gonna be many, many industries. And the rationale I say that is, um, as soon as once more, I level to the funds and so they begin, and I see the statistics and so they begin mentioning all these healthcare. I imply, I simply, I am not even certain how these are gonna get into it, however they point out every part. They point out retail, they talked about healthcare. They, they talked about so many several types of industries that, and, and statistics, and it simply, I am unsure how they’re go, how all these companies are going to, to evolve into the, uh, house, however I’m certain it’ll occur finally. And which leads me to suppose that perhaps, you already know, I imply, we’re the primary, perhaps we are the first accounting agency, or perhaps I dunno, 100 we’re within the we’re within the metaverse, however there are another accounting companies doing. Uh, clearly we’re not the one one advising shoppers, however I’d think about that the majority accounting companies should begin advising shoppers this as a result of there’s a lot enterprise to go round. Proper.
Dan Hood: (15:48)
I undoubtedly wanna dive into the, the accountant companies of potential position. And it sounds such as you you are, you are, you are getting forward of me and answering your query. I am about to ask, however that, which is nice. And I wanna dive into it somewhat extra, however earlier than we do, I desire a fast query. How did you select decentral land as your platform? I do not,
Jerry Eitel: (16:03)
Um, we selected that as a result of, um, really the, uh, the fellows that we had been concerned with in that, um, music space, that is, that is sort of the place they had been, they had been in that house and it appears to make, it appeared to make sense for us as a result of, um, I believe sandbox is somewhat gamey, you already know, and that is extra like you’ll be able to have occasions there and we knew, and so they knew the designers that may do the constructing for us.
Dan Hood: (16:29)
So there are variations between the platforms, proper? So, or, or emotions {that a} out platforms, they’ve totally different focuses in the meanwhile, a minimum of. Uh, so it is value, in the event you’re it for a platform they are not all equal, you wanna decide and select one which, that, that feels proper for regardless of the functions you have got in it.
Jerry Eitel: (16:45)
They’re undoubtedly totally different. They should be totally different as a result of, you already know, that is what differentiates one platform from the opposite. However, um, for example, um, what, what’s it NFT worlds relies on Fortnite. So, you already know, that is, that appears to be the place some persons are gravitating to nowadays.
Dan Hood: (17:02)
All proper. Effectively, let’s return. As you stated, let’s return to, to the accountant companies, uh, position there. And it feels like, uh, you already know, you’re feeling that accountant are gonna should get entangled on this if solely as a result of their shoppers are, are gonna must find out about it.
Jerry Eitel: (17:15)
I do not suppose there’s any doubt, um, as a result of they are going, they’re gonna should go someplace, you already know, and there is so many, however there’s, um, there’s some pitfalls too. The accounting is, is a nightmare. Additionally the precise accounting is a nightmare. You already know, they stated the blockchain would, would make it simpler, nevertheless it’s makes it far more calm, however there is no doubt that, you already know, um, they’d be turning away enterprise. We’re giving it to some agency that does it. So it, it simply, you already know, I do not suppose folks ought to be turning away enterprise if they do not should.
Dan Hood: (17:49)
So what ought to they be taking into account? What do you suppose, uh, simply out of your experiences and out of your sense of it as an accounting agency approaches it, what ought to they be? You already know, do they want a presence in it themselves, or is it simply sufficient to find out about it and know the tax or implications know the, learn how to the ins and outs of the accountant accounting, uh, and with the ability to advise shoppers that wanna go into it or do they must be there in individual themselves? Effectively,
Jerry Eitel: (18:08)
All I may simply communicate from private expertise, um, since I really been concerned in shopping for the land and doing stuff and actually, you already know, and, and simply getting concerned within the nitty gritty, I am within the weeds. So the way in which it really works is the, the way in which we have been, you already know, producing some enterprise, actually, I, I get on a name with potential shoppers or funds, and I am speaking funds with some huge cash, proper. And I am within the weeds speaking about all the issues that you simply run into. After which I usher in, um, considered one of our companions, you already know, audit companions focusing on funds, and you bought folks speaking on a excessive stage and also you get speaking on the weeds stage and, you already know, one thing, you’ll be able to’t be, you’ll be able to’t be having that common, regardless of how a lot someone is aware of on this higher ranges, when someone can speak in regards to the, you already know, the nitty gritty, it is, it is, um, not a genius, nevertheless it’s sort of, for some motive, it is, it helps with, um, um, the advertising and marketing and it is simply common information. And, you already know, so I believe, you already know, a minimum of they need to, if they are not gonna open an workplace or one thing, you do must get entangled in it on some sort of a transactional stage the place you have got some expertise, some not simply shopping for and investing crypto, however perhaps NFTs stuff like that, you already know? Proper.
Dan Hood: (19:33)
Effectively, it is simply, it is such a bizarre new place that, uh, I imply, that definitely is sensible that it, you’ll be able to’t actually advise folks in the event you’re not a minimum of some extent concerned in it your self.
Jerry Eitel: (19:42)
Precisely. And that is what, that is what we came upon. Um, like why did we construct this workplace? I imply, you already know, it was simply considered one of these extension of the model into, however we bought a lot traction because of this. I believe we’re simply shocked, you already know, I imply, I am shocked I am on this name, frankly, you already know, , let me take into consideration that. I imply, I ought to be usually the, uh, wherever I am purported to be, you already know, however
Dan Hood: (20:07)
But on a seaside someplace, however, uh,
Jerry Eitel: (20:09)
Effectively, you, you, uh, I imply, you’ll be able to’t die out of this enterprise even I will be an avatar
Dan Hood: (20:16)
Effectively, that is the, nicely, that is the, you already know, that is, uh, could possibly be the answer to, uh, succession planning across the occupation, proper? If it is all, all digital successors in a digital, uh, digital workplace, someplace in decentral land or sandbox or wherever is sensible, uh, companies may simply go on perpetually and by no means, by no means have to rent or anyone new, simply hold going with the, uh,
Jerry Eitel: (20:34)
I imply, we are able to hold going with this, however like, all I do know is I am nonetheless doing this, you already know, I am not a, not a tax companion. I am the chief metaverse officer.
Dan Hood: (20:42)
It is an nicely, this, and, and I really, it is a good query cuz not solely you, uh, the agency to have the primary, uh, uh, headquarters in, in there, you should be the, for the primary agency to have a chief metaverse officer.
Jerry Eitel: (20:53)
I imply,
Dan Hood: (20:54)
I, I, I definitely have not heard of any, however uh,
Jerry Eitel: (20:56)
I do know, I imply, I have never heard of anyone both. It is sort of, uh, it is, it is fairly bizarre. I’ve to say. I imply, I really do not even know the way, um, I do not even know what the, the picture of being the chief metaverse officer is. Frankly, if folks sitting there saying, oh, he is the chief metaverse officer, what a joke or is he, are they saying, nicely, that is cool. I do not know. You already know, it is,
Dan Hood: (21:16)
It is no matter you make it, you are the George Washington of, of chief metaverse officers within the sense of you get to determine what the position might be for thousands and thousands of chief metaverse officers to come back. It is thrilling stuff. I’ve to say. It is, it is actually neat. And, and I believe it is neat that as companion emeritus, you are getting concerned in it and uh, uh, observe up and we’ll should, you already know, have you ever again each six months to inform us, uh, the place issues are going. Trigger it simply modified in a short time, I believe, or I think that it’ll, uh, you already know, we anticipate to see issues like we may undergo all of the various things the place could change, you already know, will platforms merge, will sure platforms emerge because the, the main place to be within the metaphor, metaphor, that sort of factor. However these are all questions, I believe perhaps for, for one more day. However I dunno you probably have any long run ideas about the place it’d go, uh, you already know, clearly, uh, no we’re gonna maintain anyone accountable for predicting this type of factor. Trigger it’s so fluid, however do you have got, uh, expectations for it in the long run the place you sort of see, it’d go,
Jerry Eitel: (22:04)
I am going again to the cash. I believe the true property, I believe the true property’s gonna get very, very useful in some unspecified time in the future. And I believe persons are gonna be renting this trigger it is already occurring. You already know, NFT worlds is, I imply, it is variety, it is sort of an, I am not an knowledgeable in staking and issues like that, nevertheless it looks like you are gonna be making passive earnings on a few of this actual property. And that is the place I believe it is gonna go. I believe the true property guys are gonna make the cash
Dan Hood: (22:34)
As that. Effectively, you say, you stated actual property guys and the fellows who promote the instruments, those, those who make the cash, it is the topics who come alongside to pan the gold afterwards. Yeah. Uh, it would not pay for them, however, uh, uh, however,
Jerry Eitel: (22:44)
And a number of branding, a number of branding and stuff like that, which is sweet for the manufacturers. And it is also good for startup companies that went. And the one factor I do not, I do wanna say is, uh, communities. We, I, I actually should not have left that out, however that is the primary factor in regards to the metaverse is you’ll be able to construct communities round your self, round your, your music round merchandise, your new enterprise, your outdated enterprise, and it is about constructing group. So it is a it is, um, group of communities.
Dan Hood: (23:14)
Glorious. All proper. Effectively, I believe that may be , uh, be aware to, to wrap up on that. Uh, it isn’t only a, it isn’t only a land increase. Uh, there’s this potential potential, uh, huge potential for, as you say, constructing communities, uh, of people that would not usually, you already know, bodily would by no means be capable of be in the identical spot, however now they will, they will be part of these digital platforms and, and all of the sudden discover themselves residing subsequent to Snoop canine or, uh, constructing, as you say, constructing communities, uh, inside these communities, Jerry I teller Prager medication. Thanks a lot for, for approaching and, and telling, uh, serving to us get a way of what the metaverse is all about.
Jerry Eitel: (23:44)
Thanks for having me
Dan Hood: (23:45)
And thanks all for listening. This episode of on the air was produced by accounting in the present day with audio manufacturing, by Kelly Malone, able to overview us in your favourite podcast platform and see the remainder of our content material on accounting in the present day.com. Thanks once more to our visitor. Thanks all for listening.