Question

your thoughts on whether you will 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 would be a wise decision to maintain and monitor financial reports by yourself at the beginning of the business or start-up especially when you possess the required skills and expertise. It is because it would permit your organization to save expenses as well as efforts and pain to take on board the right candidate to handle accounting procedures. Once the firm starts to grow, you can go ahead with hiring an accountant. However, in case you do not possess the required skills and expertise to maintain and monitor your financial reports, it is better that you hire an accountant.