Thank you!  I have a couple of follow up questions:

How do I handle different subscription terms?  Do I need to create a different Product/Service for Annual, Quarterly and 6-months terms?  Or can I just have one Product/Service for the Revenue Recognition and edit the schedule within each invoice?     Same question regarding partial year (pro-rated) subscription terms?

   Related to that question, do I need to create different Deferred Income Liability accounts for each subscription term (ie Annual, Quarterly, 6 months subscriptions) or can I just have one Deferred Income Liability account for all? 

Thanks!