AR multi year transaction

  ·         Create a multi-year transaction that will a) take the total amount of the billing and recognize revenue over the contract length, and b) schedule periodic invoice generation based on multiple dates and amounts that may or may not be of equal installments.

 

 

Meaning….

 

I have a three year contract totaling $100,000.  Revenue should be recognized for the total amount using Straight Line over 36 months and it should be invoiced as follows:

 

Year 1 – January 1, 2012 - $25,000

Year 2 – January 1, 2013 - $50,000

Year 3 – January 1, 2014 - $25,000

 

 

 any ideas