Transactional ProcessingAccounting software packages developed and distributed by Sage and Microsoft respectively each use their own methods for recording accounting information. Sage 50. There are three different areas that need to be addressed. These are the revenue, expenditure and financing cycles. These areas are covered from the author's own knowledge resulting from using the software, as learned from Carol Yacht's (2013) book. Revenue cycle. For recording the revenue cycle, Sage 50 allows the user to walk through a pipeline of steps to complete. The user enters customers into the system. The system tracks customers individually. This information may be updated in the future. The user can then move through the revenue cycle by entering sales orders, sending invoices to customers, and entering the payment receipt into the system. All these steps are neatly arranged in order in the software window. Example. For example, if a user were to enter the sale of a product on credit to a customer, if the customer has already been entered into the system and the stock item is already set up to be tracked by the system, the user will need to enter the customer and what was sold as well as any additional information that differs from the default values. If the sale was preceded by a sales order, the product information can simply be imported from the sales order. The user can then print the invoice, send it to the customer and wait for payment. Expenditure cycle. Recording the expense cycle is made easy by Sage 50 in the same way as the revenue cycle. The user enters suppliers into the system. These suppliers are tracked individually by the system. Supplier information may be updated at any time in the future. User can save purchase orders, invoices and payments made. The revenue and expense cycle components keep track of what happens to inventory. Example. If a user wants to pay for a product that their company has already been invoiced for and the company has received, they simply enter the supplier and the invoice to be paid. The software already contains this information. The user can then print a check and mail it or use electronic payment. Funding cycle. Financing activities involve investments in and withdrawals from businesses by owners, as well as borrowing and debt repayments. Sage 50 allows users to record receipts separately from customer receipts which can be credited to an equity account to represent an investment or to a liability account to represent borrowing money..