Gem Accounts was an Australian
accounting software
Accounting software is a computer program that maintains accounting, account books on computers, including recording Financial transaction, transactions and Balance (accounting), account balances. It may depend on virtual thinking. Depending on ...
business using a
SaaS
Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...
model to provide accounting software to
small and medium business (SMB). The first version was released in 2013 by ''Gem Software Solutions'', based in
Brisbane
Brisbane ( ; ) is the List of Australian capital cities, capital and largest city of the States and territories of Australia, state of Queensland and the list of cities in Australia by population, third-most populous city in Australia, with a ...
. The company was acquired soon after its launch by
SimPro Software in October 2013 and the product rebranded under the SimPro name.
Before its acquisition, Gem Accounts claimed its software offered several first in its space. Gems data export and backup facilities were one of the first cloud-based products - allowing the user to do a full export of their data set in several open formats. Gem Accounts was also the first cloud accounting company to join the "Free Our Data" initiative.
History
The first version of the system was released for beta in January 2013, and was fully released in May 2013. A major upgrade and a free, SMB versions were released in November. The document storage was added in all plans in December.
The company was acquired in late 2013.
Versions
Gem Accounts were available in three different versions. All versions contain the full feature set but were limited by transaction volume. Key Features included: 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 was designed for the micro and small business market. All the features of the main product but with a limit of 150 transactions and did not include access to the API, multi-company and consolidated reporting.
SME version was designed for the SME market and contained all the MME features but has a 1,500 transaction limit.
MME version was the full-featured product with no transaction or other limitations.
See also
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Comparison of accounting software
The following comparison of accounting software documents the various features and differences between different professional accounting software, personal and small enterprise software, medium-sized and large-sized enterprise software, and oth ...
References
External links
Company website
{{Accounting software
Accounting software