Money · settlements

Payout management

Build the weekly barber payout run, reconcile it against the redemption ledger, then approve and release it to the bank. Cut-off for Friday's run is 14:00 WAT.

Settlement report Build payout run

Pending payout run

₦4,712,900

3 runsPR-2026-39 + 2 adjustments

Released this month

₦12,946,300

+8.6%vs August

Next run date

Fri, 2 Oct

16:00 WATlocks 14:00 · 168 barbers

Total settled (2026)

₦148.7m

+11.3%36 runs since January

Scheduled runs

Auto-queued from the redemption ledger · commission retained 15%

Scheduled payout runs with period, barber count, gross, commission retained, net, status, release date and actions
Run ID	Period	Barbers	Gross	Commission retained	Net	Status	Release date
PR-2026-40	30 Sep – 6 Oct 2026	171	₦5,712,300	₦856,845	₦4,855,455	Draft	9 Oct 2026
PR-2026-41	7 – 13 Oct 2026	159	₦4,206,900	₦631,035	₦3,575,865	Draft	16 Oct 2026
PR-2026-42	14 – 20 Oct 2026	164	₦4,388,150	₦658,223	₦3,729,927	Queued	23 Oct 2026
PR-2026-43	21 – 27 Oct 2026	152	₦3,941,600	₦591,240	₦3,350,360	Queued	30 Oct 2026

Scroll the table sideways to see the actions column on smaller screens.

4 runs queued · ₦15,513,687 net scheduled Cut-off 14:00 WAT

Pending approval

Built and locked · one finance admin must approve before release

Payout runs awaiting approval with period, barber count, gross, commission retained, net, status, release date and actions
Run ID	Period	Barbers	Gross	Commission retained	Net	Status	Release date
PR-2026-39	23 – 29 Sep 2026	168	₦5,544,600	₦831,700	₦4,712,900	Awaiting release	2 Oct 2026
PR-2026-38	16 – 22 Sep 2026 · top-up	12	₦374,600	₦56,200	₦318,400	Approved	2 Oct 2026
PR-2026-37	9 – 15 Sep 2026 · reversal	3	₦89,400	₦13,400	₦76,000	Awaiting approval	2 Oct 2026

Scroll the table sideways to see the actions column on smaller screens.

3 runs · ₦5,107,300 net awaiting release 2nd approver: Femi Ogunleye

Released runs

Settled to barber accounts · newest first

Released payout runs with period, barber count, gross, commission retained, net, status, release date and actions
Run ID	Period	Barbers	Gross	Commission retained	Net	Status	Release date
PR-2026-36	2 – 8 Sep 2026	173	₦5,018,400	₦752,760	₦4,265,640	Released	11 Sep 2026
PR-2026-35	26 Aug – 1 Sep 2026	169	₦4,877,250	₦731,590	₦4,145,660	Released	4 Sep 2026
PR-2026-34	19 – 25 Aug 2026	166	₦4,642,900	₦696,435	₦3,946,465	Released	28 Aug 2026
PR-2026-33	12 – 18 Aug 2026	175	₦5,206,700	₦781,005	₦4,425,695	Released	21 Aug 2026
PR-2026-32	5 – 11 Aug 2026	161	₦4,415,300	₦662,295	₦3,753,005	Released	14 Aug 2026

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Showing 5 of 56 released runs

Failed runs

Bank rejected the batch · funds never left the settlement account

Failed payout runs with period, barber count, gross, commission retained, net, status, release date and actions
Run ID	Period	Barbers	Gross	Commission retained	Net	Status	Release date	Actions
PR-2026-30	29 Jul – 4 Aug 2026	9	₦842,600	₦126,390	₦716,210	Failed · NIBSS 06	7 Aug 2026
PR-2026-27	8 – 14 Jul 2026	4	₦268,400	₦40,260	₦228,140	Failed · NIBSS 06	17 Jul 2026

2 runs · ₦944,350 held pending correction Action required

NIBSS return code 06 — account name mismatch

GTBank rejected 13 of 1,024 credit instructions across the two runs. Correct the affected account details on the barber's profile, then retry the run with a reason recorded against each failed line.

Build payout run

Select the barbers to settle, set the period and payment method, then reconcile the totals

Draft PR-2026-44

Settlement period *

Payment method *

Chapter

Barbers with unsettled redemptions · 6 of 168 shown

Emeka Obi · Ikeja Fade Lab28 redemptions · Lagos · acct ···· 7719 ₦72,600 Peter Danjuma · Aba Road Cuts22 redemptions · Rivers · acct ···· 2084 ₦52,400 Bisi Okonkwo · Yaba Sharp Line19 redemptions · Lagos · acct ···· 5561 ₦44,800 Amina Lawal · Sabon Gari Grooming17 redemptions · Kano · acct ···· 3390 ₦38,900 Ngozi Okeke · PH Barber House15 redemptions · Rivers · acct ···· 6127 ₦31,500 Chidi Okafor · Fade Republic24 redemptions · Lagos Island · acct ···· 4402 ₦61,200

Totals reconciliation

Barbers selected4

Gross earnings in period₦197,300

Commission retained (15%)−₦29,595

Bank transfer fees (₦25 × barbers)−₦100

Net payable₦167,605

Matched against the redemption ledger at 09:04 WAT — 84 lines, no differences. Balanced

Notes for this run Optional

Visible to finance admins and written to the audit log when the run is approved.

PR-2026-39

Period 23 – 29 Sep 2026 · created by Bola Adeniyi, 29 Sep 08:52 WAT

Awaiting release

Barbers in run: 168
Gross redemptions: ₦5,544,600
Commission retained (15%): −₦831,700
Net payable: ₦4,712,900
Payment method: GTBank · NIBSS batch
Settlement account: MBA TSB ···· 8842
Release date: Fri 2 Oct 2026, 16:00 WAT

Constituent redemptions

Redemptions inside payout run PR-2026-39 with code, barber, value, commission and net
Code	Barber	Value	Commission	Net
MBA-LOY-4X7R	Bisi OkonkwoYaba Sharp Line	₦5,000	₦750	₦4,250
MBA-CHP-1D5W	Peter DanjumaAba Road Cuts	₦4,000	₦600	₦3,400
MBA-REF-7K4Q	Amina LawalSabon Gari Grooming	₦3,500	₦525	₦2,975
MBA-REA-6B3V	Emeka ObiIkeja Fade Lab	₦2,500	₦375	₦2,125
MBA-WEL-2M8T	Chidi OkaforFade Republic	₦2,000	₦300	₦1,700
MBA-BDY-9F1C	Musa IbrahimNorth Gate Cuts	₦1,500	₦225	₦1,275
6 shown of 2,412 lines		₦18,500	₦2,775	₦15,725

Scroll sideways for all five columns on narrow screens.

Ledger match 2,412 / 2,412 lines Balanced

Two-person release rule

A run above ₦1,000,000 needs one approver and one releaser — they cannot be the same admin. Failed runs return to this queue with the bank's reason attached.