As independent consultants, you would typically submit invoices to collect payments. Luma Services, however, strives to keep invoicing simple for our professionals. In order to save you time, we will forward invoice emails to you that you just have to return with “Please use this as my invoice.”
Luma manages payables in two-week increments with net-30 terms. So that people can manage their cashflow with predictability, Luma follows a schedule for invoicing and payment processing that can be found here.
- Invoice amounts are based on hours worked multiplied by your billable wage
- With active referrals in place, your invoice will also reflect $2/hour for every hour your referral bills (this can add up to as much as $4,000/year/referral)
- Payments are automatically deposited into your bank account every other Friday
- Luma Services pays no later than net 30
It is very important that you submit your time no later than Monday at 10:00 am for the hours worked the previous week. We need this information to invoice the clients who are also on net-30 payment terms.
If you have questions, just let us know. We’re always here for you!
