Invoice Complete - Cycle Billing to create Unbilled Rev/COGS G/L

In World, we used to have the deferred/accrued entries created automatically. For some reason, when we went to E1 9.2, we are not generating these entries automatically (it was not set up). This is an Audit risk, manually calculating and accruing for shipped/but not invoiced yet.

I am hoping we can use Cycle Billing to accomplish this. The customers have a flag in SI04 on the Customer Master, but we also have an override in the order entry header to designate the "Bill Complete."

Has anyone else needed to set up something similar? I am open to creative ideas and discussion on how best to handle this.