Hello,
I have paid invoices where the customer pays for a quarterly or annual basis in advance. Right now my invoice defaults the full amount to revenue but that is incorrect because it needs to get deferred since the payment covers 3 or 12 months. I think I need to make a J/E at the end of the month where i credit my liability account and debit income. My question is., what is the best/easiest way to calculate at the end of the month what should my J/E be? Do i need to make a J/E for each client? see attached for my product details
