I review models trying to explain dwarf-nova outbursts and soft X-ray transients. The disc-instability model for dwarf-novae is still in its preliminary state of development: its predictions depend very strongly on the unknown viscosity mechanism. It is also doubtful that a {\sl pure} disc-instability phenomenon will be able to describe {\sl all} types of dwarf-nova outbursts, in particular superoutbursts. The disc-instability model for SXTs suffers from the same difficulties but in addition its predictions are contradicted by observations of transient sources in quiescence. The illuminated mass-transfer model cannot describe correctly the time-scales of SXT events for main-sequence secondaries with masses less than 1. The existence of at least three systems with hr seems to rule it out as an explanation of the SXT phenomenon.

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