Automatic receipt-based deferred expense accounting

Summary:

Could you please advise whether there is an automated approach for receipt-based deferred expense accounting? Additionally, is there any documentation available on this topic?

Content (please ensure you mask any confidential information):

• The customer requires an automated solution for receipt-based deferred expense accounting.

• Business scenario: A contract is established for a period of two years, and a corresponding PO is created for the same duration. Upon receipt, the accounting entry should post to a Prepaid (Deferred Expense) account rather than directly to expense. Subsequently, the expense should be recognized on a monthly basis (e.g., Month 1: Dr Expense / Cr Prepaid Deferred Expense); Month 2: Dr Expense / Cr Prepaid (Deferred Expense); Month 3: Dr Expense / Cr Prepaid (Deferred Expense), etc.). The supplier invoice is received after a delay of three months.