What is a Legacy System?

Legacy System (definition)

A legacy system refers to outdated computer hardware, software, or technology that is still in use despite being surpassed by modern alternatives. These systems often lack the features, flexibility, and efficiency of current solutions, such as cloud-based platforms. Legacy systems may have limited functionality, be less user-friendly, and struggle to integrate with newer technologies, leading to inefficiencies and higher maintenance costs. In the context of accounting, businesses often transition from legacy systems to modern solutions like QuickBooks Online (QBO) to benefit from enhanced capabilities such as real-time data access, automation, and improved user experience.