Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Accounting Staff 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 Staff 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.
The best tools for writing perfect Accounting Staff OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Accounting Staff OKRs examples
We've added many examples of Accounting Staff 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 streamline the accounting close process
ObjectiveStreamline the accounting close process
KRImplement 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
- KRDecrease 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
- KREliminate 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
OKRs to enhance efficiency in meeting accounting task deadlines
- ObjectiveEnhance efficiency in meeting accounting task deadlines
- KRReduce 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
- KRDecrease 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
- KRAchieve 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
OKRs to enhance precision and productivity of tax and accounting operations
- ObjectiveEnhance precision and productivity of tax and accounting operations
- KRReduce 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
- KRCondense 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
- KRAchieve 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
OKRs to enhance the accounting, financial, and tax processes architecture
- ObjectiveEnhance the accounting, financial, and tax processes architecture
- KRImplement 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
- KRDecrease 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
- KRIncrease 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
OKRs to minimize inaccuracies in financial statements
- ObjectiveMinimize inaccuracies in financial statements
- KRDecrease financial statement errors by 20%
- Regularly review and correct financial statements
- Implement rigorous bookkeeping training for accounting staff
- Incorporate robust financial auditing software
- KRTrain 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
- KRImplement 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
OKRs to attain zero-error perfection in journal entry bookkeeping
- ObjectiveAttain zero-error perfection in journal entry bookkeeping
- KRImplement 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
- KRReduce 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
- KRComplete 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
OKRs to minimize inaccuracies in journal entries
- ObjectiveMinimize inaccuracies in journal entries
- KRReduce 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
- KRImplement 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
- KRIntroduce 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
Accounting Staff OKR best practices
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.
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.
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.
Save hours with automated OKR dashboards
Your quarterly OKRs should be tracked weekly if you want to get all the benefits of the OKRs 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, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Accounting Staff OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to boost enrollment of subject matter experts
- OKRs to increase revenue through client acquisition using technology tools
- OKRs to achieve As and Bs in English class next quarter
- OKRs to increase Ad Ranks by Optimizing User Intent Matching
- OKRs to create a unified promo planning process for all Sales
- OKRs to enhance transparency of reporting processes across all teams