No, no, no... Step 1 - receive cash from customers Debit Cash Account [Asset] Credit Prepayment / Deferred Revenue Account [Asset] Cool - everything balances

No, no, no... Step 1 - receive cash from customers Debit Cash Account [Asset] Credit Prepayment / Deferred Revenue Account [Asset] Cool - everything balances. Step 2 - you render services. Debit Prepayment / Deferred Revenue Account [Asset] Credit Revenue Account [P&L]