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
- Median
- 75th
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Indicator:
Compute this Measure
Units for this measure are hours.
Cycle time in hours to reconcile a single bank account from bank account statement receipt through ending book balance reconciliation
Key Terms
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.