Part A: Accounting software and Xero practical approach Question 1: Usefulness of accounting software package for small businesses Winnifred White is the owner of a small orist shop. She currently records her business transactions in an electronic spreadsheet at the end of the day after her shop has closed. However, she has been experiencing a significant delay in processing some transactions and has noticed a couple of errors with some sales transactions lately something she believed happened because she was tired at the time the transactions were recorded in the spreadsheet. Winnifred attended a small business owners\" function last month in Auckland where she heard one of the keynote speakers discuss the benet of using accounting software to process business transactions. She is now looking to switch to a more efficient electronic accounting software package that will enable her to record her sales and purchases quickly and easily as they occur during the day. This will provide her with the ability to focus on expanding her business as well as having more time to spend with her family. As her accountant, Winnifred has approached you to ask if the Xero accounting software would be suitable for her business needs. Required: Explain THREE ways the use of Xero accounting software will enable Winnifred to efciently manage her business transactions and assist her in monitoring the business's progress.| (20 marks)