6 customisable OKR examples for Accounting Efficiency

What are Accounting Efficiency 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 Efficiency 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 Efficiency 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 Efficiency OKRs examples

You will find in the next section many different Accounting Efficiency 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 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

2OKRs 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

3OKRs 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

4OKRs 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

5OKRs 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%

6OKRs 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

Accounting Efficiency 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 Efficiency 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 Efficiency 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.

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