Having insight to where you are in terms of market conditions helps you better understand your situation. With our new Revenue Insights section, you will be presented with a Market Snapshot which features your current earnings against our calculated market average.
How It Works
Our Business Revenue Insights works off of submitted documents to your factoring company or invoices sent. Here you can automatically track how much revenue you have earned for the month, when to expect payments for cash flow, and compare your business to market average earnings.
In this article we will take an in depth guide on where to find your weekly and monthly revenue insights, what is provided, and how to change them.
Access
To access your Revenue Insights, go to the insights button at the bottom right of the blue upload button.
Business Insights Page
The insights page will give you a quick overview of your revenue based on weekly and monthly parameters. The top block will show your incoming payments for the week, while the bottom gives you your monthly performance and a comparison to the market average.
Weekly Load Income
In your weekly revenue screen you will see your list of loads that have delivered and an estimated payment date. This gives you insight on when to expect payment from your factoring company and provides a good reminder to follow up on outstanding payments.
Once your POD is uploaded and documents are sent, your load will show here in the "Delivered, Not Paid" status.
Show Payment Received
After you have received payment for your delivered load, you can easily mark it paid in your insights screen.
Find the load you were paid for and then click in to see the load details. Then click on the green button to confirm payment received.
Set the date of the payment.
Now the status will be updated and you can see your paid loads in your weekly insights.
Monthly Revenue
By clicking on the bottom section on the Business Revenue Insights, you will open up your Month to Date Revenue screen.
It is here that you can see your revenue compared to the industry average. The app also provides you with a chart to easily see how you are trending month over month. This chart is based on your delivery date, not when payment was received.
Update Your Earnings
If you are new to the app or have loads that were not included, you can update your earnings by clicking on the “Update Revenue Earned” button. You will need to input the sum of your earnings, it does not function as a calculator or add to the amount listed.
If you need to manually add revenue, make sure to give the total amount to earning for the month.
Just like that, you have an insight on your business’ earnings and how you compare on a month to date level. With this knowledge you can better plan for future loads and stay competitive in the market.