We received deferred revenue for our consultants that have billed us in advance. The program allowed us to do this. I placed the revenue expense in our deferred income account. When do I take it back out? When the expense has occurred or when the service has occurred? Need to know what period I should recognize the revenue in or expense out.

We include deferred revenue in our invoice to our grantor. When we receive payment should I complete a journal entry for this check or how do I recognize the advance expense journal entry. What period would I reduce the actual expense and how would the J/E look