Is it possible using for an invoice with deferred revenue to also defer the Accounts Receivable GL
I have a client requirement that requests that for an Invoice with deferred revenue that the Accounts Receivable is also recognized each month:
So for an Invoice for $12,000 deferred for 12 months instead of the entries being
DR A/R 12,000
CR Deferred Revenue 12,000
and each month
DR Deferred Revenue 1,000
CR Revenue 1,000
The entries instead would be each month:
DR A/R 1,000
CR Revenue 1,000
And when paid to create the remaining deferred revenue :
e.g. 10 months remaining when paid
DR Cash 12,000
CR Deferred Revenue 10,000
CR A/R 2,000
We are currently on 12.2.9. Is there a way to achieve this using standard functionality?
If not in r12 is this possible in fusion cloud?