Process Cycle Efficiency (PCE) is a simple calculation that will define what percent of your total processing time is consumed by waste. It will also show you where that waste is and how you might ...

A night cycle, created in 1979, is used to process Automated Clearing House (ACH) transfers (debits and credits) at night—generally between 10:00 p.m. and 1:30 a.m. Eastern Standard Time (EST).

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accurate bookkeeping is a necessity for any business.

We take you through these important steps below. The accounting cycle is an eight-step repeatable process essential for accurate financial reporting. It starts with identifying transactions ...