Revenue Recognition in Contract Billing

Hello,

We are trying to use Revenue recognition in Contract billing and need some help.

First of all is it right to apply Revenue recognition for invoices which will be paid later (deferred revenue)??.

We would like to recognise revenue only upon the receipt of payment.

We are somehow not able to recognise revenue even after applying all setups (Trigger, AAI, etc.).

Wondering if someone could help with the exact steps of revenue recognition. Which UBEs are supposed to be execute and when?

Appreciate nay inputs on this.