What is Ultimate? 


Ultimate is the next step in Financial Management. 


Ultimate automates accounting as far as possible so that your accountant can focus on what they're good at; giving you great advice and saving you money. 


Ultimate takes care of the following accounting matters automatically, in the background. All you need to do is use stratuShop to run your business. Then give your accountant access to check that your financials are in order and sign off your financial statements. 



Ultimate's capabilities include:


  • Accounting journals
    • An accounting journal is just what it sounds like - a place to record the details of all the financial transactions of a business and which accounts these transactions affect.
  •  Income statements
    • An income statement shows a company’s revenues, less their costs and expenses over a given period (e.g. a financial year or one month).An income statement is an integral component of a company’s financial statements, along with other reports such as the balance sheet.
  • Balance sheets
    • The purpose of the balance sheet is to provide an idea of a company’s financial position. It does so by outlining the total assets that a company owns and any amounts that it owes to lenders or banks, for example, as well as the amount of equity.
  • Manage assets
    • Any item of value owned by an individual or corporation that can be expressed in cash value. Assets are items or rights purchased by a company that has financial value and are expected to be useful to the business. Assets can fall under several different categories, depending on their purpose and lifespan.
  • Managing liabilities
    • A liability is a debt owed by a company that requires the entity to give up an economic benefit (cash, assets, etc.) to settle past transactions or events. A liability is typically an amount owed by a company to a supplier, bank, lender, or other providers of goods, services, or loans. Liabilities can be listed under accounts payable, and are credited in the double-entry bookkeeping method of managing accounts.
  • Capture additional income types
    • These income types are usually outside of the ordinary. Typically this is income recorded that you would not have invoiced for.
  • VAT reports
    • stratuShop's VAT reports give you an overview of your VAT due during your VAT report cycles.