If we want to do Daily revenue recognition, what is the best way. Scenario is we have a support contract for 1 year (365 days) which you bill up front and/or on a monthly basis but want to be able to recognize the earned revenue at any time not just at the end of the month – is this possible? Can you do daily revenue recognition so at any time during the month you could look at your deferred revenue and/or earned revenue and see what is correct amount for that period in time? Please advise if this is possible and if so, how to do it? Is it just in the setup of the contract/service entitlement or do you have to do a rev rec run each day?”
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