FOR INDEPENDENT SCHOOLS
IMP Finance
Financial management for
independent schools.
One ledger across every school. Every transaction lands in the right place the first time, so month-end becomes a check, not a clean-up.
FOR INDEPENDENT SCHOOLS
IMP Finance
Financial management for
independent schools.
One ledger across every school. Every transaction lands in the right place the first time, so month-end becomes a check, not a clean-up.
★★★★★ Excellent 4.9 out of 5, from 77+ reviews on ★ TrustPilot
Why Independent Schools choose IMP Finance
Billing and the ledger, finally connected.
Most finance tools were not built for the way independent schools operate. Actuals don’t land where budgets sit. Billing lives in one place, the ledger in another, so they never quite agree. Month-end becomes a correction exercise. IMP Finance changes this.
IMP Finance is a finance platform built on budget-led design. Purchase orders, invoices and journals post against the budget, not against a nominal code, so actuals land correctly the first time. Billing and the ledger connect, so fee income and spend both land on the right lines automatically. Your team spends less time on rework and more time making decisions.
100%
Supporting independent schools across the UK.
Supporting independent schools across the UK.
Month-end becomes checking, not changing.
With IMP Finance the reclassifications disappear. The “actuals over here, budgets over there” split is gone. The coding inherits from the budget and follows the transaction all the way through.
Your finance team sees what’s left against every budget line, any day of the month, without waiting for month-end. Less time on rework, more time on the analysis that actually drives decisions.
WHAT YOU’LL GET
At a glance: Features that drive accuracy.
01. POSTING
Budget-led posting.
Every transaction inherits its nominal coding from the budget pot. Not the other way around.
02. ANALYSIS
Multi-dimensional analysis.
Tag every transaction by activity, project, fund or individual.
03. MONTH-END
Month-end in days, not weeks.
Actuals land correctly first time. So month-end is checking, not correcting.
04. BANK REC
Bank rec in minutes.
Open Banking live feeds, one-to-many matching, every account your school runs in one screen.
05. VAT
VAT returns, simplified.
One wizard. MTD submission. Default tax codes by nominal. Partial exemption data ready for your method.
06. YEAR-END
Year-end without the wait.
Start the new year before last year is closed. Once it’s done, it stays done, so nothing shifts after sign-off.
REPORTING AND ANALYSIS
Every figure at your fingertips.
See the full story behind every figure
Drill from any summary number to the underlying transaction. Every posting, approval and payment has a full audit trail: who did it, when, and against which budget. Run reports the way your finance team works, not the way the system imposes. Filter by department, fund, activity, or any combination. Save the queries you run most.
Every reporting dimension your school needs
Every transaction can carry multiple layers of analysis. A capital project. A school trip. An individual staff member. So, when you need to report on it, the data is already there, cut exactly the way you need it. No rekeying, no spreadsheets.
Built around how you operate
Whether you're a single school, a group of schools or part of a foundation, IMP Finance flexes to your structure.
WORKFLOWS AND CONTROLS
Smarter workflows. Simpler days.
Approvals where finance needs them
Approval workflows run where Finance needs them: payment runs, journals, VAT return postings and period close adjustments. Set the rules once, and IMP Finance routes each document to the right approver and records the decision. Every approval has a full audit trail: who approved what, when, and against which budget.
Payment runs, flexed to your structure
Run a single payment for every account, a specific school, or one ledger at a time. Approvals sit inside the run itself. Generate the BACS file, send the remittances, done. Direct debit suppliers can be excluded automatically, so nothing gets paid twice.
VAT DONE RIGHT
VAT, without the errors.
VAT 100. One wizard
A single, structured process handles VAT 100 from start to finish. A wizard takes you from date range to submission, catching prior-dated transactions along the way. MTD-compliant submission straight to HMRC. Standard, reduced, exempt and zero-rated tax codes are set up by nominal and applied automatically, so the right tax treatment follows the transaction. Nothing left in spreadsheets
Coding that gets VAT right first time
Because that treatment is set at finance-code level, the common VAT errors that usually surface at return time simply don't build up. You submit with confidence, not a last-minute reconciliation. For partial exemption, IMP Finance gives you clean, clearly coded data and you apply your school's method.
CUSTOMER STORIES
Built for education. Coming to independent schools.
IMP Finance is now live. Finance leaders on IMP, in their own words. Your school could be next.
“Finance in independent schools has been run on legacy tools that were fine when budgets were not under pressure. Now income is the challenge, and efficiency matters more than ever. IMP Finance runs your finances end to end, with systemised workflows, automated bank reconciliation and no off-system workarounds, often at half the price. That is why we are bringing it to independent schools now.”
Will Jordan
Co-founder and CEO, IMP Software
BUILT & SUPPORTED BY EXPERTS
Support from people who've lived it.
We know what it’s like to manage education finance, because we’ve lived it. When something needs answering, you get a support specialist who knows the platform inside out, backed by a team of former education finance professionals. Not a script, not a ticket queue. Specialists sit behind every conversation
SUPPORT ANSWERED IN
Under 30
seconds
Not 24 hours.
Not next week.
Most providers leave you lagging a ticket and waiting days. We answer in under 30 seconds on average, and that bar hasn’t moved in seven years.
BUILT & SUPPORTED BY EXPERTS
Support from people who've lived it.
We know what it’s like to manage education finance, because we’ve lived it. When something needs answering, you get a support specialist who knows the platform inside out, backed by a team of former education finance professionals. Not a script, not a ticket queue. Specialists sit behind every conversation.
SUPPORT ANSWERED IN
Under 30
seconds
Not 24 hours.
Not next week.
Most providers leave you lagging a ticket and waiting days. We answer in under 30 seconds on average, and that bar hasn’t moved in seven years.
Ready to see it in action?
See how IMP Finance turns month-end into a check, not a clean-up,
with actuals that land right first time and numbers you can trust.
IMP FinanceFAQs.
Yes. VAT 100 runs through a structured wizard and submits directly to HMRC via MTD. Default tax codes by nominal apply standard, reduced, exempt and zero-rated treatment automatically.
IMP Finance connects directly to your bank accounts via Open Banking, with live feeds that refresh multiple times a day. Transactions pull into a dedicated reconciliation screen. Match one-to-one, one-to-many or many-to-many across every account in your school or group.
Yes. Payment runs can be configured to cover every account, a specific site, or a single ledger, and span multiple ledgers in a single run. The approval workflow sits inside the payment run itself. Once approved, a BACS file is generated for upload to your bank, with remittance advices produced automatically. Direct debit suppliers can be excluded so nothing gets paid twice.
IMP Finance is fully browser-based. Nothing to install, works across devices. Finance, Purchasing, Planner and ICFP share a single database, so there's no integration to configure between IMP products. IMP Finance does not have a fee billing module; it's designed to sit alongside your existing MIS and fee billing system.
Three journals. Two periods can be open at the same time, so closing the year you're wrapping up doesn't block the month you're operating in. Run the year-end as many times as you need. IMP Finance only picks up transactions posted since the last run. Closed periods stay closed — not even administrators can post into them.
Early adopters sign up under a no-nonsense cancellation clause: you can walk away risk-free up to go-live, and for a defined period after. IMP makes money by building a product you want to stay on, not by locking you in — if something isn't working, they'd rather know and fix it than keep you trapped in a contract.