Partnership accounts can be very simple or they can be highly complex.
A simple partnership between two friends can be easy to administer, but when say one partner does not work within the partnership and the other wishes to be rewarded for his extra effort, or maybe one partner has put in all the capital and needs to be recompensed accordingly then the situation can become very difficult.
Also, for larger partnerships of three or more people when profit shares may not be equal, or partners join or leave the business, this too can create some administrative problems. This is when the advice of an independent professional can prove to be invaluable.