Have your own bookkeeper. Don't trust the other party unless they have proved worthy of your trust. If so, stop reading.
If not, put a condition on the deal saying that we're going to have two bookkeepers as a legitimate business expense until such time as we're both so comfortable with how that aspect is working that we can cut it back to one person for both of us.
Your partner should not object. Maybe about cost, but that should be a short discussion relative to the long-term health of the business. If there are serious objections along the lines of "you don't trust me", then there's some reasonable possibility that you shouldn't. Just sayin.
I find it very interesting and more importantly, encouraging that you want to keep track of the financial part of your business. Hopefully, you went into business because you trusted your partner and assuming we got by that hurdle, my suggestion would be to have access to any and all bank accounts through online services so that you can track all of the income and expenses as often as you like. I would also request in the early days of the partnership, a weekly summary of income and expenses and if things go well, you can change this to monthly and then eventually quarterly. I would also like to suggest that you should never assume that all is going well and the review of the financials by yourself and hopefully, your CPA in the future will provide you with the assurances you're looking for. Finally, any business that operates in cash or checks, should carry some type of fraud insurance on your business insurance policy. Check with the property-casualty agent and if this is not in place, I would suggest getting a policy to cover this and other problems that may arise in the business. Hope this helps and good luck
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