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