This article will tell you how to set up the Target Gross Margins for your company, as well as how it is used.
To start the set up, go to Settings. In the Company Settings tile, select Set Default Target Gross Margin.
A new Target Gross Margin Goals page will open.
You’ll see three editable percentage fields that can be edited and changed in two ways.
One way is to manually enter the values into the fields.
The other is to adjust the slider that is below. The slider ranges from 0% to 100%, with three adjustable markers (one for each margin goal).When you adjust a slider, the corresponding percentage field updates automatically (and vice versa).
Highest Booking Margin will be the upper limit for an exceptional goal rate.
Target Booking Margin will be your company's ideal or expected gross margin.
Lowest Acceptable Booking Margin will be the lowest gross margin that your company is willing to accept.
The last two drop downs on the page allow you to select which rate you would like to use as the "Posted Rate" when you are posting to external load boards, and which rate to use for load boards that support a "Book Now" feature.
Once you’ve entered or adjusted your desired margins, click the "Save Settings" button.
From within a load, you can also adjust the target rates directly using this same table. However, any changes made here apply only to the current load and are not saved as default settings for future loads.
If this is something that you do not want other users to be able to access, there is a new permission that will allow users to edit the suggested target rates on load financials.