Just remember than in accruals accounting, the revenue for example is recognized based on the period that it relates to regardless of the cash payment.
For example, a magazine that offers annual subscriptions will need to divide the annual subscription fee and apportion each subscription by the period of time that is relevant to each FY.
Lets say that you buy a subscription for my fictional magazine in June (late June) for $2,400 and my year end is 31 of December.
I will need to post the following entries:
Dr Cash 2,400
Cr Revenue $1,200
Cr Deferred Income $1,200
The monthly fee is 2,400/12 and you have only consumed/used 6 months of this produce/service. Therefore, I have delivered half of what you have paid for and half is still left to be delivered.