Percentage of journal entries processed error-free the first time

This measure calculates the percentage of journal entries out of total annual number of journal entries processed error-free the first time. A journal entry is the record of an accounting transaction. An entry is first made in a journal and then posted to the general ledger. A journal entry includes date, accounts debited and credited, and a brief description of the underlying transaction. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the activity "Process journal entries".