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Quickbooks Enterprise and deferred revenue. A bit confused and need help.

New CFO to a SaaS company and a bit confused about how to have my accountant process these transactions (we are currently using QuickBooks Enterprise).

Would some kind soul who uses Quickbooks in a SaaS or other deferred revenue environment, list out the Quickbooks entries for deferred revenue from the initial invoice (annual invoice?) to the recognition of revenue by month. No need for each month but just assume an invoice is sent out in December 1, $120,000 payment due January 1 and then initial revenue recognition for the January payment ($10,000 for 12 months).

Any help would be greatly appreciated.

Thank you.


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