close the books
volume
[close] {one's} books

Definiția și Sensul lui "close the books"

to close the books
01

to no longer make new entries when an accounting period is at its end

to [close] the books definition and meaning
IdiomIdiom

What is the origin of the idiom "close the books" and when to use it?

The idiom "close the books" comes from the accounting or financial world, where it refers to the process of finalizing a company's financial records at the end of an accounting period. It is typically used in a business or financial context to describe the completion of a particular accounting period.

close the book on something
volume
to close the book on something
01

to put an end to something, particularly something bad, that has been going on for some time

IdiomIdiom
InformalInformal

What is the origin of the idiom "close the books" and when to use it?

The idiom "close the books" has its origins in accounting and financial practices. In accounting, "closing the books" refers to the process of finalizing financial records, typically at the end of an accounting period or fiscal year. It involves completing financial statements and ensuring that all transactions are accurately recorded. Over time, this expression has been figuratively extended to signify concluding or completing any activity or matter, often with the implication of bringing something to an end.

example
Exemplu
Closing the books will not do them any good.
Investigators say DNA has helped close the books on two unsolved murders in California in the late 1980s .
By the time they realized they needed to close the books, it was already too late.
I think it's time for me to close the books on this situation because I'm clearly never getting my money back.
The accounting team worked long hours to close the books for the year and meet the deadline.
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