 Next is accumulated depreciation, so now that is something that will track on the sub ledgers again But this is the beginning balance. I'm going to go over here This is this is how much we've we've decreased the asset by to allocate the expense to the period Applicable, let's see if they have one. It should be also a fixed asset account So we doesn't look like they have one called Accumulated depreciation So I'm gonna add it. I'm gonna say let's just add a new one New and this is that notice the method. I'm using if they have an account. That's close I'm gonna use it if they don't Then then I'm gonna make that's when I'm gonna make my own account, right? And so I'm gonna say this is gonna be saved under And they changed it they've changed this kind of layout up a little bit So you might not be it takes a little bit to get used to hopefully it'll be a kind of an easier layout It's kind of nice. It's gonna be an asset type of account So that's kind of a generic overarching balance sheet account and then it gives you basically Your drop downs now This is a category of ass of of asset the fixed assets That's kind of like an account Type that we're gonna have here if you wanted to make a sub account then you can select You know an actual account that it would be a sub account of so we're gonna pick the fixed assets So it's gonna go under a fixed asset, which I would call the account type the tax line I'm not overly concerned with but I'm gonna just gonna call it Accumulated depreciation. I'm not concerned with the same reason I talked about before because oftentimes We're just gonna generate the financial statements to make the tax return if you can export it directly to a software That would be great. I haven't seen it work perfectly Or better than just entering it into the software thus far So I might test it out again though because I'm always Curious to see if they've improved it and so I'm gonna say account name is gonna be accumulated depreciation I'm not gonna put any description. It's not adding a lot of value in my opinion. I have a Description there so I'm gonna keep that as is and then we're gonna say the start date. I'm gonna add the other On the date and we're gonna put this to to The end of last year now This is where the tricky part is because accumulated depreciation is a contra asset account meaning It's like a negative asset So I would say it goes up. It's gonna be an increase So I would think it would be a positive But I think they're categorizing it as an asset So it's actually kind of like a negative asset and this is why debits and credits are actually better Then a plus and minus kind of system gets kind of weird walkie with the plus and minus But I'm gonna assume I'm gonna bet that they're gonna record it with a negative seven five hundred Which will which will make it a positive Amount in accumulated depreciation because accumulated depreciation is a contra asset if that makes sense if it goes the wrong way I'll have to go back in here and adjust it or fix it in some way shape or form So there's there it is so now you can see where it gives you a little image on the balance sheet on where it's gonna populate So this is it. This is pretty neat that they give you this little preview It's kind of a kind of a new a newer Type of thing here. So I'm gonna save it and then we'll check it out so if I go to the balance sheet and run it again Now we've got under the fixed assets You can you can all it put it on there. See I got it wrong. It put it on there as a positive So so I think that I think it used to be that way. So now you increase it With it with a positive instead of a negative. So that's why it gets a little tricky I can fix it this way I can go into it and Then it entered it with a journal entry. So the journal entry is actually more specific if I go into the journal entry I'm just gonna flip it now. So I got it backwards. I'm gonna say this is I'm gonna change it by making this a credit and This a debit Okay, and then I'm gonna save it and say yes and Boom so there it should be the right go in the right way. So there it is and so now I'm gonna go back and So there it is. So then these two should net out to a negative. So this is the The dollar amount the cost and this is what we decreased it by we'll get into more about fixed assets in a future presentation