Additional: Revenue Cycle in its: Simplest form is the direct exchange of finished goods or services for cash between a seller and a buyer Complex form is to process sales on credit. 2 Major Subsystems 1. The sales order processing 2. Cash receipt subsystem The revenue cycle as a Conceptual System is Technology neutral Revenue Cycle for Retail, Wholesale, Manufacturing includes: 1. Sales order procedures 2. Sales return procedures 3. Cash receipt procedures Revenue Cycle for Service use industry specific methods.