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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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NetSuite Release 2023.1 is here! Download the release notes and post your questions in the new Release 2023.1 category.

Why is a change in project completion % not triggering variable amortization schedule to begin?

Our goal as a construction company is to automate recognizing portions of project expenses in the period of their related revenue, so we can follow the accounting matching principle. We invoice (revenue) customers at 33%, 66%, and 100% project completion. Since there can be many material and labor bills, we want to avoid preparing huge JEs.

The NetSuite Help Center has an article on "Using Percent-Complete Amortization for Project," which is exactly what we're looking for. I tried following all the instructions in our sandbox, but the test amortization schedule remains in the status of "not started" no matter what I try.

Here's a detailed breakdown of what I've done:

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