15 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:

Our 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!

OKRs to enhance efficiency in meeting accounting task deadlines

  • ObjectiveEnhance efficiency in meeting accounting task deadlines
  • Key ResultReduce overdue accounting tasks to 0% for four consecutive weeks
  • TaskReview and prioritize all outstanding accounting tasks daily
  • TaskDedicate an hour each day to address overdue tasks
  • TaskImplement a tracking system for task completion progress
  • Key ResultDecrease error rate on reports and tasks to less than 2%
  • TaskAdopt effective error tracking systems
  • TaskProvide comprehensive training for staff
  • TaskImplement stringent quality control measures
  • Key ResultAchieve a 100% completion rate for accounting reports each week
  • TaskImplement a weekly reporting completion checklist
  • TaskSchedule dedicated time for reviewing and finalizing reports
  • TaskPrioritize weekly completion of all accounting reports

OKRs to streamline the accounting close process

  • ObjectiveStreamline the accounting close process
  • Key ResultImplement automated accounting software with 100% staff adoption
  • TaskMonitor staff adoption, offer ongoing support
  • TaskSelect user-friendly, comprehensive accounting software
  • TaskTrain staff thoroughly on software usage
  • Key ResultDecrease the monthly closing cycle time by 30%
  • TaskStreamline data collection and management processes
  • TaskImplement automated financial systems for swift transaction processing
  • TaskRegularly review and improve workflow efficiency
  • Key ResultEliminate 50% of identified bottlenecks in the closing process
  • TaskImplement solutions to remove identified bottlenecks
  • TaskIdentify excessive processes contributing to bottlenecks
  • TaskReview and analyze current closing process parameters

OKRs to achieve full productivity in general accounting role

  • ObjectiveAchieve full productivity in general accounting role
  • Key ResultComplete 100% of assigned tasks accurately and on time
  • TaskRegularly review progress and adjust plans as needed
  • TaskAllocate sufficient time daily for each assignment
  • TaskPrioritize tasks based on urgency and relevance
  • Key ResultIncrease efficiency by automating 2 routine accounting processes
  • TaskIdentify two repetitive accounting tasks prone to human error
  • TaskResearch and select relevant automation software
  • TaskImplement and test the selected automation system
  • Key ResultReduce error rate in accounting tasks by 50%
  • TaskTrain staff in latest accounting procedures and software
  • TaskImplement a double-check system for all accounting tasks
  • TaskRegularly review and correct errors in accounting records

OKRs to improve efficiency in meeting accounting deadlines

  • ObjectiveImprove efficiency in meeting accounting deadlines
  • Key ResultAchieve 100% on-time completion for end-of-month reconciliation
  • TaskPerform weekly audits to maintain accuracy and timeliness
  • TaskAssign specific roles and timelines to the team
  • TaskImplement a daily monitoring system for all reconciliation tasks
  • Key ResultIncrease early completion rate by 10%
  • TaskStreamline processes for quicker completion
  • TaskProvide efficient training to improve early completion skills
  • TaskImplement rewards for tasks completed ahead of schedule
  • Key ResultReduce late submission of reports by 20%
  • TaskIntroduce penalties for late report submissions
  • TaskRegularly remind team about upcoming report due dates
  • TaskImplement strict deadlines for submission of reports

OKRs to enhance precision and productivity of tax and accounting operations

  • ObjectiveEnhance precision and productivity of tax and accounting operations
  • Key ResultReduce bookkeeping errors by 20% through the introduction of automation software
  • TaskTrain employees to use the new software efficiently
  • TaskResearch and select suitable bookkeeping automation software
  • TaskImplement chosen automation system into daily operations
  • Key ResultCondense tax computation time by 30% via process optimization
  • TaskImplement efficient tax software to streamline computations
  • TaskRegularly update tax computation best practices
  • TaskAllocate more resources to data compilation
  • Key ResultAchieve 15% rise in overall productivity by training staff in new methodologies
  • TaskIdentify relevant training programs for new methodologies
  • TaskArrange and schedule training for staff members
  • TaskMonitor and assess improvements in productivity post-training

OKRs to achieve full productivity as a General Accountant

  • ObjectiveAchieve full productivity as a General Accountant
  • Key ResultReduce weekly accounting errors by 50%
  • TaskImplement thorough double-checking procedures for all accounting tasks
  • TaskProvide additional training on accounting software usage
  • TaskInstantly address and correct identified accounting errors
  • Key ResultScore at least 90% on internal accounting knowledge assessments
  • TaskStudy company's internal accounting policies daily
  • TaskPractice with past assessment tests for improvement
  • TaskSeek clarifications for any accounting concepts not understood
  • Key ResultIncrease speed of invoice processing by 30%
  • TaskTrain staff in efficient invoice processing techniques
  • TaskStreamline invoice approval process
  • TaskImplement automation software for quick invoice management

OKRs to enhance the accounting, financial, and tax processes architecture

  • ObjectiveEnhance the accounting, financial, and tax processes architecture
  • Key ResultImplement a new accounting system, improving data accuracy by 30%
  • TaskImplement regular data accuracy checks
  • TaskTrain staff on new software operations
  • TaskResearch and choose an advanced accounting system
  • Key ResultDecrease tax-related errors by 20% through updated software integration
  • TaskTrain staff effectively on new software usage
  • TaskResearch and identify advanced tax software solutions
  • TaskImplement selected software into company systems
  • Key ResultIncrease process automation by 25% reducing manual efforts in financial tasks
  • TaskTrain all finance team members on new automated systems
  • TaskReview and adjust automation protocols regularly for efficiency
  • TaskImplement advanced accounting software for streamlined financial operations

OKRs to ensure precision in financial statement generation

  • ObjectiveEnsure precision in financial statement generation
  • Key ResultExtend internal audit process to cover all financial transactions by 15%
  • TaskImplement extra training for thorough audits
  • TaskAdd 15% more transactions to audit checklist
  • TaskIncrease audit team size for additional oversight
  • Key ResultTrain accounting team on latest financial standards to enhance compliance by 20%
  • TaskIdentify key updates in recent financial standards
  • TaskConduct interactive training sessions for accounting team
  • TaskPrepare comprehensive training materials
  • Key ResultImplement innovative accounting software to reduce errors by 30%
  • TaskResearch and identify innovative accounting software options
  • TaskPurchase and install chosen accounting software
  • TaskTrain staff in using the new software

OKRs to improve the accuracy and efficiency of our tax and accounting processes

  • ObjectiveImprove the accuracy and efficiency of our tax and accounting processes
  • Key ResultReduce errors in tax and accounting processes by 5%
  • Key ResultIncrease accuracy of tax and accounting tasks by 5%
  • Key ResultImprove customer satisfaction with tax and accounting services by A%
  • Key ResultIncrease speed of tax and accounting tasks by 12%

OKRs to minimize inaccuracies in journal entries

  • ObjectiveMinimize inaccuracies in journal entries
  • Key ResultReduce individual journal entry errors by 25% through improved software use
  • TaskRegularly update and maintain the software system
  • TaskImplement an advanced accounting software program
  • TaskProvide software training to all journal entry staff
  • Key ResultImplement a detailed training program for staff on correct journal entry procedure
  • TaskIdentify necessary components for successful journal entry
  • TaskCreate comprehensive training materials
  • TaskSchedule and conduct training sessions
  • Key ResultIntroduce a double-checking system reducing entry errors by 40%
  • TaskTrain staff on new double-checking procedures
  • TaskMonitor and measure error reduction periodically
  • TaskCreate a standardized double-entry system protocol

OKRs to minimize inaccuracies in financial statements

  • ObjectiveMinimize inaccuracies in financial statements
  • Key ResultDecrease financial statement errors by 20%
  • TaskRegularly review and correct financial statements
  • TaskImplement rigorous bookkeeping training for accounting staff
  • TaskIncorporate robust financial auditing software
  • Key ResultTrain finance team on latest reporting guidelines within 1 month
  • TaskPlan training sessions to cover these updates
  • TaskIdentify recent changes in financial reporting guidelines
  • TaskExecute planned training for finance team
  • Key ResultImplement new audit checklist for 100% of statements
  • TaskTrain auditors to properly utilize the new checklist
  • TaskImplement checklist across all statement reviews
  • TaskDevelop comprehensive audit checklist aligned with financial statement requirements

OKRs to boost efficiency in preparing financial statements

  • ObjectiveBoost efficiency in preparing financial statements
  • Key ResultDecrease statement errors by 20% through improved training and software implementation
  • TaskRegularly evaluate and update statement production methods
  • TaskImplement in-depth training sessions on statement generation
  • TaskProcure advanced software for accurate statement production
  • Key ResultReduce financial statement preparation time by 15% from its current average
  • TaskStreamline data collection procedures for efficiency
  • TaskTrain team on efficient financial statement preparation skills
  • TaskImplement automated accounting software for faster data processing
  • Key ResultImplement a new financial statement software to automate at least 50% of tasks
  • TaskResearch and select the most suitable financial statement software
  • TaskMonitor and evaluate software's effectiveness regularly
  • TaskTrain employees on how to use this new software

OKRs to attain zero-error perfection in journal entry bookkeeping

  • ObjectiveAttain zero-error perfection in journal entry bookkeeping
  • Key ResultImplement a new, rigorous 3-step review process by end of next month
  • TaskTrain staff on the new process
  • TaskRoll out new review process company-wide
  • TaskDevelop criteria for 3-step review process
  • Key ResultReduce bookkeeping errors by 25% each subsequent month until errors reach 0
  • TaskUse reliable, efficient bookkeeping software
  • TaskProvide regular training on meticulous record-keeping
  • TaskImplement a thorough double-checking process for all entries
  • Key ResultComplete an advanced bookkeeping course to boost understanding and accuracy
  • TaskConsistently attend classes and complete course assignments
  • TaskResearch suitable advanced bookkeeping courses online
  • TaskEnroll in chosen advanced bookkeeping course

OKRs to enhance the architecture of accounting, financial, and tax processes

  • ObjectiveEnhance the architecture of accounting, financial, and tax processes
  • Key ResultAchieve at least a 15% increased in efficacy in financial reporting
  • TaskProvide thorough training for staff on financial reporting
  • TaskStandardize reporting templates and process
  • TaskImplement advanced financial management software
  • Key ResultImplement a new, streamlined accounting system capable of reducing process time by 30%
  • TaskTrain staff on the new accounting system
  • TaskIdentify inefficiencies in the current accounting system
  • TaskProcure or design a streamlined accounting software
  • Key ResultSuccessfully complete 100% of financial and tax process updates without disrupting business operations
  • TaskTest updates during low-impact business hours
  • TaskRegularly review existing financial and tax processes
  • TaskDevelop and implement necessary process updates

OKRs to to Increase productivity in financial statement preparation process

  • ObjectiveTo Increase productivity in financial statement preparation process
  • Key ResultStreamline communication process to decrease feedback acquisition from 10 days to 5 days
  • TaskImplement a unified communication platform for quicker feedback receipt
  • TaskEstablish regular short stand-up meetings for rapid updates
  • TaskSet clear expectations about response times with team members
  • Key ResultReduce time taken to compile financial data by 25%
  • TaskImplement automated data compilation software
  • TaskProvide staff training on efficient data management
  • TaskRegularly review and streamline finance processes
  • Key ResultImplement a new accounting software to minimize manual errors by 50%
  • TaskConduct staff training on new software use
  • TaskIdentify and purchase appropriate accounting software
  • TaskDefine requirement specifications for new accounting software

Best practices for managing your Accounting OKRs

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 DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly 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 DashboardTability's check-ins will save you hours and increase transparency

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.

Best way to track your Accounting OKRs

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 TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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 resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

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.

Signup1 Create your workspace
Signup2 Build plans in seconds with AI
Signup3Track your progress