Being completely ignorant of your business and noting that all businesses are different, here are some generic considerations around each of the points you rais

Being completely ignorant of your business and noting that all businesses are different, here are some generic considerations around each of the points you raise. 1) Do customers prepay for a month or pay after services have been rendered? Cancellation terms and prorating? There are accounting nuances to each which of course can matter greatly or not very much depending on the particulars of your set up. 2) Running expenses through a company credit card certainly makes things easier but the same considerations as above can also apply...do you prepay for any services? Have long term service contracts even if you pay monthly? 3) Speaking of taxes, do you have a payroll? That's a whole rabbit hole onto itself. As with most things, context is everything here. Having a proper set of financials that adhere to generally accepted accounting principles (GAAP) are absolutely needed for any fundraising or M&A activities you might do. At minimum, a more precise set of financials can help with understanding the nitty gritty of the business when it comes to forecasting and at-glance health of the business.