>That sounds good. But keep in mind that IRS rules only let you recognize 1/12 of the fee per month.
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>>I need to describe to a prospective customer that the product licensing requires annual license fees. Is "annual license fee" a good term to use in this context? Or you would suggest a different terminology?
>>TIA

Is that IRS or GAP?
I think the IRS would like you to recognize all of it immediately.