Automatic Revenue recognition over a period of time

Summary

Is there a feature available in Project billing where the revenue amount on an billing event be automatically recognized based on the provided number of periods?

Content

Hi All,

Has anyone come across a situation in contract project billing where we need to recognize revenue on a contract over a period of time e.g. create a billing event of $12K today, however, the revenue has to be recognized in next 12 months and not immediately? Our scenario is kinda simple where we bill the customer in a lump sum at the beginning of the year but revenue has to be recognized per the revenue recognition schedule. I understand that one way could be to pre-create as many billing events (either manually or FBDI upload) with the respective revenue recognition amount