Revenue types are the different ways in which a company generates income. In 10 Speed TMS there are a few revenue types, that has to be selected when creating, managing or editing an order. This article will help understand the main differences of the revenue types.
Adding a revenue type
The revenue type has to be added when creating a new order, or when billing an order. More information about that can be found here.
Revenue types explained
There are a few revenue types:
Flat rate - revenue type refers to a pricing model where a fixed fee is charged for a specific service regardless of the actual weight, distance, or other factors involved.
Baseline + fuel surcharge - it means the total shipping cost is composed of a fixed baseline fee plus an extra charge to cover fuel costs, providing a more accurate reflection of the current economic conditions affecting transportation:
Baseline:
Baseline can be flat - this means that there will be a flat fixed amount + the fuel surcharge will be counted;
Baseline can be per mile - this means that the baseline will be charged by how many miles the driver drove;
Baseline can be per tier weight - it is determined by weight tiers. Each tier represents a range of weights, and there's a corresponding baseline cost associated with each tier.
Fuel surcharge:
Fuel surcharge can be flat - this means that there will be a flat fixed amount charged + the baseline fee;
Fuel surcharge can be per mile - this means that the fuel surcharge will be counted and charged by how many miles the driver drove;
Fuel surcharge by percentage - this means that there is a certain percentage agreed on, that is paid by how much fuel was used.