Is there such a thing as Deferred Billing?

Summary

Is there a process to recognize revenue now, but issue the invoice months later?

Content

We bill a fee which we want to recognize in the current month, but our contract with the client says that we won't bill them for 12 months.  Other than a journal, is there a process to get this onto the Balance Sheet without creating an AR Invoice with 365 day terms?

Regards,

Beth