I have a quick question on how we account for some of our sales. We sell contact data with a 12 month usage licence. Before we have been accounting for the sales as prepaid income. If we had a sale for £85k we would split this over the 12 month usage licence but in theory the customer could get access to all the information on day one if they wanted to.
Can we actually account for this £85k all in the month of sale instead of treating it as prepaid income?