How It Works

1. Setting You Up For Services

When you sign up with Legacy, our onboarding team conducts a thorough assessment of your accounting needs and develops a written plan to improve efficiencies and ensure all parties are on the same page and all wheels are equally greased. Your team of accounting experts and Certified Intuit ProAdvisors will begin optimizing your accounting system and QuickBooks version; automating and integrating with other financial systems (banks, credit cards); and developing a procedures manual defining each task to be performed.

We then assign you a dedicated team of bookkeepers, staff accountant and accounting manager, who work together as a team from our service center. Your U.S.-based team will be dedicated to YOUR business — you’ll work with the same team each week. Your interactions with your team will be based on the services you select, but here is a brief explanation of how your team handles your bookkeeping and accounting needs from our service center.

2. Sending Us Your Documents and Data

You can set up bills to come directly to Legacy to streamline processing, or you can scan and upload to our secure portal, fax, mail or provide data access privileges to us for your:

1. Vendor Bills
2. Payments
3. Bank Statements
4. Credit Card Statements
5. Receipts
6. Time Sheets
7. Expense Reports
8. Additional Documents

3. Doing the Work – How Legacy Performs Your Services

We process Accounts Receivable, Accounts Payable, Bank Reconciliations, Payroll, Sales Tax and all of your bookkeeping needs on a daily/weekly/monthly basis and we automate bank and credit card downloads.

4. Getting Financial Information to Grow Your Business

We’ll create specialized reports based on your industry and business needs and we’ll schedule a monthly comprehensive telephone review to go over your month-end financials.

Weekly Reports

1. Accounts Receivable Aging
2. Accounts Payable Aging
3. Credit Card Transactions
4. Open Item List

Monthly Reports

1. Financial Reports
2. Profit & Loss
3. Balance Sheet
4. Accounts Payable Aging
5. Cash Flow
6. KPIs