Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Accounting Automation 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 Automation 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 Automation 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
![AI feedback for OKRs in Tability](https://tability-templates-v2.vercel.app/_next/static/media/feedback_ai_tability.08ced31b.png)
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 Automation OKRs examples
You will find in the next section many different Accounting Automation 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!
OKRs to achieve full productivity in general accounting role
ObjectiveAchieve full productivity in general accounting role
KRComplete 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
KRIncrease 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
KRReduce 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
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 improve the efficiency and accuracy in account maintenance
ObjectiveImprove the efficiency and accuracy in account maintenance
KRIntroduce an automated system for 70% of transactions to boost productivity
Train staff in using the automated system
Identify transactions suitable for automation
Select and purchase suitable automation software
KRReduce accounting errors by 20% through meticulous tracking and cross-checking
Use accounting software for precise tracking and calculations
Establish process for peer review before finalizing reports
Implement regular internal audits to identify patterns of errors
KRImprove professional knowledge by completing two accounting additional courses
Enroll in two selected accounting courses
Regularly attend and complete courses
Research course options related to accounting enhancement
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 increase the number of invoices processed
ObjectiveIncrease the number of invoices processed
KRIncrease daily invoice processing rate by 25% by next quarter
Train staff in efficient invoice processing techniques
Implement automated invoice processing software
Establish performance metrics to track progress
KRImplement new automation system to expedite the invoice processing workflow
Evaluate existing invoice process and identify areas for automation
Select appropriate software and automation tools for implementation
Train staff on the new automation system for invoice processing
KRReduce invoice processing errors by 30% to improve overall efficiency
Conduct regular staff training on invoice management
Implement automated invoice processing software
Establish strict invoice validation rules
Accounting Automation 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
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.
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.
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
![AI feedback for OKRs in Tability](https://tability-templates-v2.vercel.app/_next/static/media/OKR_dashboard.a905853d.png)
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
Spreadsheets are enough to get started. Then, once you need to scale you can use 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 Automation OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance career growth of junior team members through mentorship
OKRs to enhance the product management skills of our team
OKRs to improve English class grades to B's and A's
OKRs to enhance efficiency and productivity as a virtual assistant
OKRs to achieve top position as a HR SaaS provider in South Korea
OKRs to enhance preventative measures to dissipate potential risks