At Andrew Wright & Co. we can advise business owners in the Wakefield area on many of the issues you face. Here are some of the possible advantages of opening the books to your staff...

Opening the books to employees is a strategy that has been tried to varying degrees by business owners over the years, and has often proved to be successful in motivating the workforce and improving performance.

Those who have taken this route report a number of benefits:

  • The trust implied by sharing information that does not normally pass beyond management circles has an empowering effect on all concerned
  • It instils in the employees a sense of ownership - of both the successes and the failures of the business
  • Employees become more aware of problems and identify with the search for solutions.
  • They are able to set themselves realistic targets that fit in with the overall goals and objectives of the business
  • Team spirit and co-operation between departments generally improves

More transparency

Not every owner would want to go so far as to reveal everything to the staff, but it might be worth considering at least a little more transparency for your business.

For the strategy to succeed you will need to develop a system of reporting that provides your employees with timely financial information in a form they can work with. We would be happy to help you.

If you are in the Wakefield area and are looking for support and advice from a team of professional accountants and business advisers, contact Andrew Wright & Co..

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01924 379479

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Andrew Wright & Co., 10 Cliff Parade, Wakefield, West Yorkshire WF1 2TA


In the UK the term accountant is not protected by law, therefore anyone can call themselves an accountant. Being an ACCA member firm means that you can have confidence that we are qualified to handle your finances, help your business grow and that we are regulated by the leading accountancy body in the world. The ACCA Qualification provides a wide-ranging skill-set, which means we are trained to provide both strategic and operational input and adapt quickly to your changing management accounting needs.

Unqualified persons who have trained for book-keeping or tax only simply aren't able to provide these other services as their skillset is too narrow.

Andrew Wright & Co is a trading style of Andrew Wright & Co Limited. Registered in England and Wales: 10641250. Registered office: 10 Cliff Parade, Wakefield, West Yorkshire, United Kingdom, WF1 2TA.