Have Finance Questions? Ask a Financial Expert Online.
Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.
You can return the overpayment. If you use cash as your accounting method then you only need to report the amount you actually invoiced for and keep. If you do not use cash method then show the amount she paid and the refund so your reporting is correct.
Please let me know if you need clarification. If you do not then a positive 5 star rating is appreciated so I get credit for the response. (look for the STARS or SMILEY FACES)
I am not a Quickbooks expert, I was giving advice as it relates to tax reporting. I did find this
I sincerely ***** ***** assists.