Hi there everyone :) I couldn't see an 'Introductions' thread, but this is my first post. I've been using Zoho Books for my fledgling sound meditation business, very happy with it and glad to see all the support on offer in this community.

I have a question that's a bit confusing/annoying. Unfortunately, i've only just in the last few months had a separate account for my business (wish i'd done that from the beginning). I mostly ironed out the discrepancies in the data when i opened my Zoho Books account, by using the Opening Balances function. But now one particular transaction has come back to haunt me...

I received a deposit way back in June for a session that was due to be given in January. This went into my personal account. I've just refunded that deposit as i've had to cancel the session, and i sent the refund from my business account.

I've recorded this as a transfer between the business account and my personal account. This seems to make logical sense, as if i had refunded the amount from my personal account, i would have needed to pay myself back from the business account. What's preventing me from feeling more confident about this solution is the fact that the original deposit i received in June was accounted for in my Opening Balance. I'm thinking that this must mean the original amount that i received into my personal account had already been 'transferred' from that account to the business account when i started with the Opening Balance - so am i in fact paying myself back incorrectly? Recording the refund in this way has obviously increased the balance of my personal account within Zoho, but should it perhaps have affected the Opening Balance instead?

I'd really appreciate it if someone could tell me whether i've recorded this correctly. Many thanks for your attention.