15 customisable OKR examples for Accounting
What are Accounting OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Accounting to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Building your own Accounting OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Feel free to explore our tools:
- Use our free OKR generator
- Use Tability, a complete platform to set and track OKRs and initiatives, including a GPT-4 powered goal generator
Our customisable Accounting OKRs examples
We've added many examples of Accounting Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
1. OKRs to enhance efficiency in meeting accounting task deadlines
Enhance efficiency in meeting accounting task deadlines
Reduce overdue accounting tasks to 0% for four consecutive weeks
Review and prioritize all outstanding accounting tasks daily
Dedicate an hour each day to address overdue tasks
Implement a tracking system for task completion progress
Decrease error rate on reports and tasks to less than 2%
Adopt effective error tracking systems
Provide comprehensive training for staff
Implement stringent quality control measures
Achieve a 100% completion rate for accounting reports each week
Implement a weekly reporting completion checklist
Schedule dedicated time for reviewing and finalizing reports
Prioritize weekly completion of all accounting reports
2. OKRs to streamline the accounting close process
Streamline the accounting close process
Implement automated accounting software with 100% staff adoption
Monitor staff adoption, offer ongoing support
Select user-friendly, comprehensive accounting software
Train staff thoroughly on software usage
Decrease the monthly closing cycle time by 30%
Streamline data collection and management processes
Implement automated financial systems for swift transaction processing
Regularly review and improve workflow efficiency
Eliminate 50% of identified bottlenecks in the closing process
Implement solutions to remove identified bottlenecks
Identify excessive processes contributing to bottlenecks
Review and analyze current closing process parameters
3. OKRs to achieve full productivity in general accounting role
Achieve full productivity in general accounting role
Complete 100% of assigned tasks accurately and on time
Regularly review progress and adjust plans as needed
Allocate sufficient time daily for each assignment
Prioritize tasks based on urgency and relevance
Increase efficiency by automating 2 routine accounting processes
Identify two repetitive accounting tasks prone to human error
Research and select relevant automation software
Implement and test the selected automation system
Reduce error rate in accounting tasks by 50%
Train staff in latest accounting procedures and software
Implement a double-check system for all accounting tasks
Regularly review and correct errors in accounting records
4. OKRs to improve efficiency in meeting accounting deadlines
Improve efficiency in meeting accounting deadlines
Achieve 100% on-time completion for end-of-month reconciliation
Perform weekly audits to maintain accuracy and timeliness
Assign specific roles and timelines to the team
Implement a daily monitoring system for all reconciliation tasks
Increase early completion rate by 10%
Streamline processes for quicker completion
Provide efficient training to improve early completion skills
Implement rewards for tasks completed ahead of schedule
Reduce late submission of reports by 20%
Introduce penalties for late report submissions
Regularly remind team about upcoming report due dates
Implement strict deadlines for submission of reports
5. OKRs to enhance precision and productivity of tax and accounting operations
Enhance precision and productivity of tax and accounting operations
Reduce bookkeeping errors by 20% through the introduction of automation software
Train employees to use the new software efficiently
Research and select suitable bookkeeping automation software
Implement chosen automation system into daily operations
Condense tax computation time by 30% via process optimization
Implement efficient tax software to streamline computations
Regularly update tax computation best practices
Allocate more resources to data compilation
Achieve 15% rise in overall productivity by training staff in new methodologies
Identify relevant training programs for new methodologies
Arrange and schedule training for staff members
Monitor and assess improvements in productivity post-training
6. OKRs to achieve full productivity as a General Accountant
Achieve full productivity as a General Accountant
Reduce weekly accounting errors by 50%
Implement thorough double-checking procedures for all accounting tasks
Provide additional training on accounting software usage
Instantly address and correct identified accounting errors
Score at least 90% on internal accounting knowledge assessments
Study company's internal accounting policies daily
Practice with past assessment tests for improvement
Seek clarifications for any accounting concepts not understood
Increase speed of invoice processing by 30%
Train staff in efficient invoice processing techniques
Streamline invoice approval process
Implement automation software for quick invoice management
7. OKRs to enhance the accounting, financial, and tax processes architecture
Enhance the accounting, financial, and tax processes architecture
Implement a new accounting system, improving data accuracy by 30%
Implement regular data accuracy checks
Train staff on new software operations
Research and choose an advanced accounting system
Decrease tax-related errors by 20% through updated software integration
Train staff effectively on new software usage
Research and identify advanced tax software solutions
Implement selected software into company systems
Increase process automation by 25% reducing manual efforts in financial tasks
Train all finance team members on new automated systems
Review and adjust automation protocols regularly for efficiency
Implement advanced accounting software for streamlined financial operations
8. OKRs to enhance organization skills for efficient billing management
Enhance organization skills for efficient billing management
Complete an advanced course in financial software systems for improved proficiency
Research suitable advanced courses in financial software systems
Enroll in the selected advanced financial software course
Regularly study and complete coursework to enhance proficiency
Organize weekly review meetings to monitor progress and identify areas of improvement
Schedule weekly meetings with team for progress evaluation
Design frameworks to monitor project advancements
Establish metrics to identify improvement areas
Implement a digital billing system to reduce processing errors by 30%
Research and select appropriate digital billing system software
Closely monitor error rates and make adjustments accordingly
Train accounting staff on new billing system
9. OKRs to ensure precision in financial statement generation
Ensure precision in financial statement generation
Extend internal audit process to cover all financial transactions by 15%
Implement extra training for thorough audits
Add 15% more transactions to audit checklist
Increase audit team size for additional oversight
Train accounting team on latest financial standards to enhance compliance by 20%
Identify key updates in recent financial standards
Conduct interactive training sessions for accounting team
Prepare comprehensive training materials
Implement innovative accounting software to reduce errors by 30%
Research and identify innovative accounting software options
Purchase and install chosen accounting software
Train staff in using the new software
10. OKRs to improve the accuracy and efficiency of our tax and accounting processes
Improve the accuracy and efficiency of our tax and accounting processes
Reduce errors in tax and accounting processes by 5%
Increase accuracy of tax and accounting tasks by 5%
Improve customer satisfaction with tax and accounting services by A%
Increase speed of tax and accounting tasks by 12%
11. OKRs to minimize inaccuracies in journal entries
Minimize inaccuracies in journal entries
Reduce individual journal entry errors by 25% through improved software use
Regularly update and maintain the software system
Implement an advanced accounting software program
Provide software training to all journal entry staff
Implement a detailed training program for staff on correct journal entry procedure
Identify necessary components for successful journal entry
Create comprehensive training materials
Schedule and conduct training sessions
Introduce a double-checking system reducing entry errors by 40%
Train staff on new double-checking procedures
Monitor and measure error reduction periodically
Create a standardized double-entry system protocol
12. OKRs to minimize inaccuracies in financial statements
Minimize inaccuracies in financial statements
Decrease financial statement errors by 20%
Regularly review and correct financial statements
Implement rigorous bookkeeping training for accounting staff
Incorporate robust financial auditing software
Train finance team on latest reporting guidelines within 1 month
Plan training sessions to cover these updates
Identify recent changes in financial reporting guidelines
Execute planned training for finance team
Implement new audit checklist for 100% of statements
Train auditors to properly utilize the new checklist
Implement checklist across all statement reviews
Develop comprehensive audit checklist aligned with financial statement requirements
13. OKRs to boost efficiency in preparing financial statements
Boost efficiency in preparing financial statements
Decrease statement errors by 20% through improved training and software implementation
Regularly evaluate and update statement production methods
Implement in-depth training sessions on statement generation
Procure advanced software for accurate statement production
Reduce financial statement preparation time by 15% from its current average
Streamline data collection procedures for efficiency
Train team on efficient financial statement preparation skills
Implement automated accounting software for faster data processing
Implement a new financial statement software to automate at least 50% of tasks
Research and select the most suitable financial statement software
Monitor and evaluate software's effectiveness regularly
Train employees on how to use this new software
14. OKRs to attain zero-error perfection in journal entry bookkeeping
Attain zero-error perfection in journal entry bookkeeping
Implement a new, rigorous 3-step review process by end of next month
Train staff on the new process
Roll out new review process company-wide
Develop criteria for 3-step review process
Reduce bookkeeping errors by 25% each subsequent month until errors reach 0
Use reliable, efficient bookkeeping software
Provide regular training on meticulous record-keeping
Implement a thorough double-checking process for all entries
Complete an advanced bookkeeping course to boost understanding and accuracy
Consistently attend classes and complete course assignments
Research suitable advanced bookkeeping courses online
Enroll in chosen advanced bookkeeping course
15. OKRs to enhance the architecture of accounting, financial, and tax processes
Enhance the architecture of accounting, financial, and tax processes
Achieve at least a 15% increased in efficacy in financial reporting
Provide thorough training for staff on financial reporting
Standardize reporting templates and process
Implement advanced financial management software
Implement a new, streamlined accounting system capable of reducing process time by 30%
Train staff on the new accounting system
Identify inefficiencies in the current accounting system
Procure or design a streamlined accounting software
Successfully complete 100% of financial and tax process updates without disrupting business operations
Test updates during low-impact business hours
Regularly review existing financial and tax processes
Develop and implement necessary process updates
Accounting OKR best practices to boost success
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #2: Commit to weekly OKR check-ins
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
Being able to see trends for your key results will also keep yourself honest.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to turn your Accounting OKRs in a strategy map
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Accounting OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance outreach with effective marketing strategies and brand visibility
OKRs to enhance technical proficiency and efficiency as a Cloud Architect
OKRs to enroll in relevant courses for proficient website development
OKRs to improve product quality by ensuring teams identify and mitigate risks
OKRs to launch data-centric beta marketplace
OKRs to boost efficiency, unify team, and grow account base
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
Create more examples in our app
You can use Tability to create OKRs with AI – and keep yourself accountable 👀
Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.
![Signup](https://tability-templates-v2.vercel.app/_next/static/media/hi_tabby.abf06789.png)
![Signup](https://tability-templates-v2.vercel.app/_next/static/media/magic_tabby.7ff0a69b.png)
![Signup](https://tability-templates-v2.vercel.app/_next/static/media/track_tabby.c131e286.png)