This comes up constantly in shops owned by two or three people who are not all on site. The partner who is not in the shop wants visibility, not operating rights, and giving them a full account "for now" is how documents quietly get edited by someone who did not realise what the button did.
For dividing money between partners, the reports that actually settle arguments are: sales summary for the period, gross margin by product, expenses, stock valuation at the start and end, and receivables outstanding. Profit that ignores the change in stock value and the money still owed to you is not profit, and that is usually where the disagreement starts.
Worth agreeing in advance rather than at the point of dispute: whether a partner can see cost prices. Cost visibility is a permission, so you can grant reporting without exposing what you pay suppliers if that is the arrangement.