Create a Funding Invoice for Approved Payouts
Use a funding invoice to pay for payouts you've already approved. This is called post-funding: you add and approve payouts first, then Lumanu creates one payout for their exact total. Your finance team pays the payout, and the payouts are paid as soon as the deposit is applied.
Post-funding works well when you want each payment traced to a specific payout, or when approvals need to happen before any money moves. To add money to your balance ahead of time instead, see Fund Your Workspace. To compare the two, see Pre-Funding vs. Post-Funding.
How post-funding works
Add and approve payouts.
Create a funding invoice for the approved payouts. Lumanu totals them and sends one payout to your finance team.
Your finance team pays the payout by ACH or wire to your workspace's account and routing number.
Apply the deposit to the funding invoice. The payouts start paying out right away.
You need Payor permissions to create a funding invoice.
Create a funding invoice
Select the approved payouts you’d like to issue payment for.
Click the Pay button at the bottom of the screen.
A confirmation modal will populate. Review the selected payouts and click Continue.
Select Send me an invoice from Lumanu as your payment method.
Fill in the payout details and click Send Invoice
When ready, complete payment for the payout via one of the below payment methods:
ACH/Wire/EFT - recommended
payouts that are awaiting payment via a funding invoice can be found in the Payments pending tab with the status awaiting funds.
Once the payout has been paid by your finance team you will see a deposit in your account. In order to match a deposit to your funding invoice please see the following help article: Apply a Deposit to Your Balance
After the deposit has been matched and payments have been issued to the creators, payouts will appear in the Payments issued tab with the status Issued.
If you see the status Awaiting verification on a payout in the Payments pending tab, this means the vendor hasn’t completed their account setup.
Lumanu will initiate the payout once the account is created / verification has been completed.