From HandWiki - Reading time: 4 min
Gem Accounts is a range of cloud-based business and accounting software, first released in May 2013 by Gem Software Solutions Pty Ltd from Brisbane, Australia . The software is available in a free version and is also sold on a SaaS model which includes a try-before-you-buy period.
Gem Accounts claims its software offers several first in its space. Gems data export and backup facilities are one of the first cloud-based products - allowing the user to do a full export of their data set in several open formats. Gem's multi-language configuration options are also seen as a first in this sort of software. Gem Accounts is also the first cloud accounting company to join the "Free Our Data" initiative.
Gem Accounts is available in three different versions. All versions contain the full feature set however are limited by transaction volume. Key Features include: General Ledger, Accounts Receivable, Accounts Payable, Double-entry System, Multi-user, Multi-currency, Multi-language, Inventory Control, Service and Project Tracking & Billing, Payroll, Data and Backup Exports.
Free version - released in December 2013 - is designed for the micro and small business market. All the features of the main product but with a limit of 150 transactions and does not include access to the API, multi-company and consolidated reporting.
SME version - released in November 2013 - is designed for the SME market and contains all the MME features but has a 1500 transaction limit.
MME version - released in May 2013 is the full-featured product with no transaction or other limitations.