During your meeting with Mr and Mrs Stitch (discussing all of the above), Mr and Mrs Stitch express their hesitancy to use Xero. They are hesitant after being made aware of the monthly subscription price they think that it is quite expensive. They have asked you for your thoughts about the pros and cons of using a manual accounting system (such as in Excel) compared to a cloud-based system like Xero. Given your experience preparing accounting records and preparing reports manually in Assessment Task 2, and preparing accounting records and reports in Xero in this assessment task, discuss the pros and cons of each. (4 marks)