Quick Tips: Track Extra Parts Profits in ERA-IGNITE
- Measure the success of your marked up parts in ERA-IGNITE.
- Watch your parts profits pile in.
You’ve increased your parts price levels by just a few cents, but do you know how much that is affecting your bottom line? Two ERA-IGNITE exclusive reports can help you track the extra profit coming in.
Retail Markup Option (RMO) Report
The RMO Report tracks every piece and line sold, providing you with accurate totals of extra profit earned. It can be filtered by Source, Price Level, Date Range, and Invoice. Find this report in the Parts application by choosing Reports > Invoicing > Retail Markup Option.
Retail Management Intelligence (RMI) Dashboard RMO Module
With appropriate security access, you can add the Retail Markup Option module to your RMI Dashboard and use it to track extra RMO income during specific time frames such as weekly or monthly. This allows you to narrow in on your RMO success.
Use these tools to watch the extra gross profit accumulate with each piece sold and get the most out of ERA-IGNITE.
For more ERA-IGNITE tips, see what training opportunities are offered through Reynolds Software Education.
Most invoices need to be recorded in the General Purchases journal. However, the stacks of invoices that make their way to the accounting department can…