I think everything you said above is a good workaround for the limitations in this area for QuickBooks. It gets you to the right answer under GAAP. The only problem I see is how do you efficiently track the different revenue streams if you have multiple revenue accounts (e.g. products and services)? When you record the JE to debit deferred revenue and credit revenue, you need to know which revenue accounts to credit and for how much. It seems to me that you'd need to track this outside of QuickBooks? I'm interested in ideas and suggestions, because this issue applies to my business. Thanks.
