Cycle time in hours to reconcile a single bank account

This measure calculates the number of hours it takes to reconcile a single bank account. It is part of a set of Cycle Time measures that help companies analyze the duration from beginning to end of the "manage cash" process, which consists of taking care of all cash-related activities. These activities include managing and reconciling cash positions; managing cash equivalents; processing and overseeing electronic fund transfers; developing cash flow forecasts; producing cash management accounting transactions and reports; managing and overseeing banking relationships; and analyzing, negotiating, resolving, and confirming bank fees.

Benchmark Data


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Measure Category:
Cycle Time
Measure ID:
Total Sample Size:
1,787 All Companies
25th Median 75th
- - -
Key Performance Indicator:

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Compute this Measure

Units for this measure are hours.

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Cycle time in hours to reconcile a single bank account from bank account statement receipt through ending book balance reconciliation

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Measure Scope

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Cross Industry (7.3.1)

  • - Manage and reconcile cash positions (10893)
  • - Manage cash equivalents (10894)
  • - Process and oversee electronic fund transfers (EFTs) (10895)
  • - Develop cash flow forecasts (10896)
  • - Manage cash flows (10897)
  • - Produce cash management accounting transactions and reports (10898)
  • - Manage and oversee banking relationships (10899)
  • - Analyze, negotiate, resolve, and confirm bank fees (10900)