close the books

verb

To finalize the financial records for a specific accounting period; to cease trading.

Meanings

verbclose the books (third-person singular simple present closes the books, present participle closing the books, simple past and past participle closed the books)

present singular third person closes the books · participle present closing the books · participle past closed the books · past closed the books

  1. idiomaticaccountingTo finalize the financial records for a specific accounting period; to cease trading.
Cite this entry
APA

close the books. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/close%20the%20books

MLA

“close the books.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/close%20the%20books. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “close the books,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/close%20the%20books.

Source: close the books on Wiktionary, CC BY-SA 4.0.