Service Contract Billing - Invoicing and Accounting Rules Integration with AR
I have the following business case -
Service Contract for 12 months - Total of $1200 (Billing of $100 / month)
I need to get this contract invoiced and accounted in Receivables with the following requirement-
- The total revenue ($1200) should be recognized immediately
- The invoicing should be on a monthly basis for $100
What is the best way to achieve the above.
Thanks for your response.
Regards !!!