3 customisable OKR examples for Accounting Department

What are Accounting Department 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 Department 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 Department 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 customisable Accounting Department OKRs examples

You will find in the next section many different Accounting Department Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

1OKRs 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

2OKRs 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

3OKRs to successfully finish financial statement within the required timeline

  • ObjectiveSuccessfully finish financial statement within the required timeline
  • Key ResultFinalize and review financial statement for completion by the fifth working day
  • TaskCompile all necessary financial data
  • TaskDraft the financial statement
  • TaskReview and finalize the financial statement
  • Key ResultAccumulate all necessary financial data within the first 2 working days
  • TaskGather data from online financial systems and reports
  • TaskCompile and organize all collected data
  • TaskIdentify required financial data and relevant sources
  • Key ResultDraft preliminary financial statement by the third working day
  • TaskReview and finalize the draft by the third working day
  • TaskBegin creating a draft of the financial statement
  • TaskGather all necessary financial documents and data

Accounting Department 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

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

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 weekly OKR check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

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.

How to turn your Accounting Department OKRs in a strategy map

The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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

We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.

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 Department 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 👀

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