Banked Hours refers to hours worked in excess of regular working time. Instead of receiving an overtime payment for these hours some employees are given the opportunity to bank these hours to be taken as leave at a time in the future.
It is quite common for consulting engineering firms to allow banked for their employees.
In this video, Eric explains how employees can record banked time in Acumatica Cloud ERP.
Please get in touch if you have any questions regarding banked time in Acumatica.