About

The Income department is responsible for the College-wide order to cash process for all revenue, including academic fees and support grants, research grants and contracts, funding council grants and the various other income streams.

 We ensure credit viability for all new and existing corporate College customers to minimise exposure to bad debt. We also process all ad-hoc invoices, credit/debit memos & adjustments for College income.

 There are three teams that sit within this function:

•   Student Fees, who manage the billing for student related income
•   Credit Control, responsible for the review and recovery of debt
•   Accounts Receivable, who process bank reconciliations, customer account credit checks and setups, and any non-fee/research related billing.  

Useful links

• AR Template to raise sundry transactions; notes on completing the request form on the Finance Knowledge Bank [Internal only; requires College login]
• Customer set up forms for companies on the Finance Knowledge Bank [Internal only; requires College login]
• Customer set up forms for individuals on the Finance Knowledge Bank [Internal only; requires College login]
• Tuition fees - Department internal sponsorship form [Internal only; requires College login]
• Imperial College Credit and Collections Policy [Internal only; requires College login]