Advance Payment In Project - do we need to recognise revenue ?

for a contract project, of Rs10,000, there is an advance payment of Rs4000.

For the advance payment, we have recorded it by creating a Receipt in AR (the account is considered as a deferred revenue account)

once we deliver some goods, we need to recognise the advance payment ( that have been made through the AR Receipt) in Projects

So, we created an event of Rs4000, run the following processes:

Generate draft invoice

Approve & release invoice

Interface the invoice to AR

Run the auto invoice import program

In AR, we match the receipt to the project invoice.

as i have already recorded the advance payment (via receipt in AR) , do i need to run the processes: