Invoicing & Payment Essentials

Froggy Jumps

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About this activity

Quick quiz on invoicing and payments.

Created by

Toska Washington

United States

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Froggy Jumps Invoicing & Payment EssentialsOnline version Quick quiz on invoicing and payments. by Toska Washington 1 Which two documents are always required to submit an invoice packet to a broker? a Driver's logbook & CDL copy b Fuel receipts & insurance card c Rate Confirmation & Proof of Delivery (POD) 2 What does the Proof of Delivery (POD) confirm? a That the dispatcher sent the invoice b That the broker approved the load c That the freight was delivered and signed for 3 If a broker has Net 30 terms, when should the carrier expect payment? a Within 30 hours of delivery b 30 days after the invoice packet is submitted c 30 days after delivery 4 What is Quick Pay? a A free program that guarantees instant payment b A faster payment option with a small percentage fee c A discount program for fuel and tolls 5 What does a factoring company provide for carriers? a Free load boards and dispatch services b Immediate payment by purchasing invoices at a small discount c Discount on truck parts and repairs 6 Why should dispatchers track invoice submissions and payment dates? a To ensure drivers complete HOS logs b To make sure brokers pay on time and follow up if delayed c To calculate miles and deadhead 7 If a broker pays $2,000 for a load and Quick Pay charges 3%, how much will the carrier receive? a $2,000 b $1,940 c $1,970 8 Who typically pays the Quick Pay fee? a The broker b The carrier c The factoring company 9 What should be done if payment is delayed beyond Net 30? a Cancel the load b Call the broker and follow up on payment status c Wait silently 10 What is the purpose of a Rate Confirmation in invoicing? a To confirm the agreed rate for the load b To confirm POD c To confirm insurance

Froggy Jumps

Invoicing & Payment EssentialsOnline version

Quick quiz on invoicing and payments.

by Toska Washington

Which two documents are always required to submit an invoice packet to a broker?

Driver's logbook & CDL copy

Fuel receipts & insurance card

Rate Confirmation & Proof of Delivery (POD)

What does the Proof of Delivery (POD) confirm?

That the dispatcher sent the invoice

That the broker approved the load

That the freight was delivered and signed for

If a broker has Net 30 terms, when should the carrier expect payment?

Within 30 hours of delivery

30 days after the invoice packet is submitted

30 days after delivery

What is Quick Pay?

A free program that guarantees instant payment

A faster payment option with a small percentage fee

A discount program for fuel and tolls

What does a factoring company provide for carriers?

Free load boards and dispatch services

Immediate payment by purchasing invoices at a small discount

Discount on truck parts and repairs

Why should dispatchers track invoice submissions and payment dates?

To ensure drivers complete HOS logs

To make sure brokers pay on time and follow up if delayed

To calculate miles and deadhead

If a broker pays $2,000 for a load and Quick Pay charges 3%, how much will the carrier receive?

$2,000

$1,940

$1,970

Who typically pays the Quick Pay fee?

The broker

The carrier

The factoring company

What should be done if payment is delayed beyond Net 30?

Cancel the load

Call the broker and follow up on payment status

Wait silently

What is the purpose of a Rate Confirmation in invoicing?

To confirm the agreed rate for the load

To confirm POD

To confirm insurance

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Invoicing & Payment Essentials

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Invoicing & Payment EssentialsOnline version

by Toska Washington

Which two documents are always required to submit an invoice packet to a broker?

What does the Proof of Delivery (POD) confirm?

If a broker has Net 30 terms, when should the carrier expect payment?

What is Quick Pay?

What does a factoring company provide for carriers?

Why should dispatchers track invoice submissions and payment dates?

If a broker pays $2,000 for a load and Quick Pay charges 3%, how much will the carrier receive?

Who typically pays the Quick Pay fee?

What should be done if payment is delayed beyond Net 30?

What is the purpose of a Rate Confirmation in invoicing?

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