We're dividing 555623 by 16 
We want to figure out the number of times 555623 can be divided by 16.

Advancing to step 1:
The number 16 fits into 5 0 times, leaving a remainder of 5.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 5 after subtracting 0 from 5.
Fetch the next digit (5) from the dividend, attach it to 5 and continue: 55 / 16

Advancing to step 2:
16 goes into 55 3 times with a remainder of 7.
Write down 3 as next digit of the result. 
Result so far: 3.0
Subtracting 48 from 55 leaves us with 7.
Grab the next digit (5) from the dividend, add it to 7, then carry on: 75 / 16

Step 3:
75 divided by 16 is 4 with a remainder of 11.
Put 4 as the next digit of the answer. 
Result so far: 34.0
Deduct 64 from 75 and we're left with 11.
Include the next digit (6) from the dividend after 11, then repeat: 116 / 16

Let's proceed to step 4:
The number 16 fits into 116 7 times, leaving a remainder of 4.
The number 7 becomes the next digit in our result. 
Result so far: 347.0
Subtract 112 from 116 to get 4.
Include the next digit (2) from the dividend after 4, then repeat: 42 / 16

Step 5:
The number 16 fits into 42 2 times, leaving a remainder of 10.
Use 2 as the next digit of our solution. 
Result so far: 3472.0
Subtracting 32 from 42 leaves us with 10.
Bring next digit (3) of the dividend behind the 10 and repeat the process: 103 / 16

Going ahead to step 6:
When dividing 103 by 16, we get 6 with a remainder of 7.
The next digit of our result is 6. 
Result so far: 34726.0
Subtracting 96 from 103 leaves us with 7.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

Going ahead to step 7:
The number 16 fits into 70 4 times, leaving a remainder of 6.
Record the quotient 4 as the next digit in the result. 
Result so far: 34726.4
Deduct 64 from 70 and we're left with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Advancing to step 8:
16 can be fit into 60 3 times, resulting in a remainder of 12.
Put 3 as the next digit of the answer. 
Result so far: 34726.43
The remainder is 12 after subtracting 48 from 60.
Since there are no more digits in the dividend, we add a zero to the remainder making it 120, and continue the process.

On to step 9:
16 goes into 120 7 times with a remainder of 8.
The number 7 becomes the next digit in our result. 
Result so far: 34726.437
If we subtract 112 from 120, we get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Moving on to step 10:
80 divided by 16 is 5 with a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 34726.4375
Deduct 80 from 80 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 11:
When dividing 0 by 16, we get 0 with a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 34726.4375
Subtracting 0 from 0 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 12:
The number 16 fits into 0 0 times, leaving a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 34726.4375
Subtract 0 from 0 to get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 34726.4375 with a balance of 0.0.