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1 Invoice with 5 monthly Payments - how to age correctly based on the due date!!

edited Dec 23, 2019 10:49PM in Accounting / ERP 2 comments

We sell Machinery etc , We raise an Invoice for say $100k , payment terms agreed for the deal are $20k per month . How do i age the due dates? . If i run the aging it is going to be incorrect and say it is overdue when it is not. So what we have been doing is crediting the original invoice , then creating 5 $20k invoices with the correct due dates...............Revenue is recognised when the machine is shipped , not when it is paid for  - so thats not an option.
Can anyone help Pllleeeezzzzzzzzz

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