This company doesn't have much by way of Fixed Assets, but for what they do have, they have not calculated depreciation at all for 2019.
To close out the year, just include a lump sum depreciation to update the accounts?
That seems the obvious solution (and to begin proper monthly entries), but am I missing anything?
To close out the year, just include a lump sum depreciation to update the accounts?
That seems the obvious solution (and to begin proper monthly entries), but am I missing anything?