How to invoice a service that occurs over a certain period
I am having trouble figuring out how to do this. My company offers a service that continues for a year. I take the payment upfront for all the amount.
From what I have read is that I can use a retainer invoice to receive the payment and register it as unearned revenue. I have two problems with that.
First, how to convert it to revenue? Do I generate an invoice for each month of that period for example?
Second, my customers want an invoice, not a retainer invoice. I do not know why.
Do you guys have any suggestions for me?
Thanks in advance
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