ESSAY QUESTION [20 Marks] Discuss the key functionalities of Sage 50cloud Accounting software and how they facilitate effective financial management for small to medium-sized businesses. In your essay, include the following aspects: 1. Invoicing and Customer Payments: Describe the process of creating and sending invoices, and how Sage 50cloud helps in managing customer payments. Discuss the impact of these features on cash flow management. 2. Bank Reconciliation: Explain the steps involved in reconciling bank accounts using Sage 50cloud. Highlight the importance of bank reconciliation in maintaining accurate financial records. 3. Inventory Management: Outline how to set up and manage inventory items in Sage 50cloud. Discuss the benefits of inventory tracking for businesses that sell physical products. 4. Financial Reporting: Discuss the tools available in Sage 50cloud for generating financial reports such as profit and loss statements. Explain how these reports aid in strategic decision-making