>>That sounds good. But keep in mind that IRS rules only let you recognize 1/12 of the fee per month.
>>
>>
>>>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.

You can always wear a wrong pair of spectacles to prevent recognition.