Question

your thoughts on whether one should hire an accountant to maintain and monitor your financial reports or are you going to do it yourself (at least in the beginning).

Answer 1

It is a wise idea to handle the accounting thing by yourself at the beginning of the start-up or business especially when you have the skills and experience to do so. It is because it would allow your firm to save some money as well as efforts to hunt for the right candidate to handle accounting procedures. Once the firm grows, an accountant can be hired. However, if you do not have the necessary skills or experience to maintain and monitor your financial reports, it would be better an accountant is hired.