Hi all,

I have a sole-prop and it need some cash to run a big deal, however I transferred a cash from my own account to my business account.. However I have seen how to record this transaction in this forum but what I did not see how to settle the repayment transaction.

Can someone continue the following scenario?

- Amount received from the owner to the business account so in zoho we created a new account called (short-term loan) under current liabilities since it will be paid back to the owner before 12 months of time.

- now we finish using this amount and would like to payback, so in zoho banking shall I record a normal expense and chose the same account (short term loan) to settle this loan? If no please let me know to settle this.

If yes, I would like to know what the impact of doing such workaround solution is.

Thank you in advance