Hello

I have just got a new client - it's a partnership. I will be using VT. It is for a small nightclub.

There are a few things I want to check that I will be doing right before I start entering all the invoices.

1. There are a lot of receipts dated before the date the business started (which is not yet decided) - all paid for by one of the partners. I was thinking I would pay all these bills out of the cash account and then transfer the total amount from capital introduced into the cash account - is this the right thing to do?

2. The partnership has not yet been registered, I'm not sure what date to use as the start date. The partnership started leasing out a premises in November 2013 but the business did not start until April 2014. Should I use the date in April that the business opened as the start of the partnership? 

3. Most of the money spent is for building materials to set up the premises - I was going to put this all into 'repairs & maintenance' but is this right as it's all money spent to 'do up' the premises before they could start trading? (they don't own the premises, it's leased although there is some arrangement in place that they can buy it for a certain price at the end of a certain period)

4. How long do get to register your partnership after the partnership starts? will they get a fine for not notify HMRC in good time?

Thank you in advance for any help - sorry there are so many questions 

Thanks

Rachel