This question continues on from question 1 above. It is now January 2019, and Mr and Mrs Spot have been very busy growing the business of Spottie Ltd over the last year. The business now stocks 20 inventory lines, and employs three full-time staff. After using a manual accounting system in Excel for Spottie Ltds business, Mr and Mrs Spot have come to you for advice as they consider moving to a computerised accounting system. They believe that they have been spending too much time preparing the accounting records, and a friend recommended that they make the move to Xero an online accounting system. Undertake some research into cloud-based accounting systems, and the Xero cloud-based accounting system. Required: Prepare a business report (for the directors of Spottie Ltd) on cloud-based accounting systems (explaining what they are and how they work), and the suitability of the Xero cloud-based accounting system to Spottie Ltds business. In your discussion, explain how a computerised system like Xero can help the business track and account for inventory. Also highlight three other useful features of Xero that will be beneficial to Mr and Mrs Spot as they seek to save time preparing their accounting records, and monitor and grow their business further. Note: You must reference using the APA referencing format, and include a reference list at the end of your report. (Word count: 1000-1500 words) Question 3 (10 marks) Internal controls cash This question continues on from question 1 and question 2 above. It is now January 2020, and Mr and Mrs Spot have been very successful in growing the business of Spottie Ltd over the last 2 years. The business now stocks over 200 inventory lines, and employs six full-time staff. As the business continues to grow, you strongly encourage Mr and Mrs Spot to review internal controls over cash receipts and cash payments in the business, to safeguard the businesss money. Mr and Mrs Spot are not overly concerned, as they have never had any issues with cash going missing or being stolen in the past.