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Am I obligated to convert to a mainstream accounting package?  

Although there are benefits to converting to a mainstream accounting package, you are not obligated to do so.  You can continue using the Legacy Financials accounting configuration for as long as it meets your financial accounting needs.  

If you are not fully satisfied, however, and you wish to expand your financial accounting capabilities to include online banking and bank reconciliation, credit card processing, assisted payroll, cash flow reporting, customer refunds, and other advanced features, you should convert to a mainstream small business accounting package.  The cost is minimal and the conversion process is relatively simple.