Lies, damned lies and "The Cloud" - Part 1: Cloud accounting…
[Warning opinion ahead, your mileage may vary]
In 2004 I bought QuickBooks accounting, as I recall it was $350. It's still going strong for me and I don't have a reason to change. Admittedly I am a micro-business and I don't pay wages and have to worry about all that. I just had a look at Xero online accounting I watched their introductory video, looked pretty good although they do get a penalty for overuse of the word "beautiful".
Then I had a look at the monthly fee $50 per month. Let's calculate that out $50 x 12 months x 11 years that's $6600 (plus another $6600 for the next 11 years). No thanks cloud I'm fine thanks with my less beautiful product from 2004.
Definition of "The cloud" 1: A way of taking something that you would otherwise "purchase" and making you "subscribe" to it while costing you 20 times as much (and counting), but it is "beautiful" and you do get some nice extra features.