close the books

close the books

Stop financial transactions; end a matter. For example, The entire estate went at the auction, so we can close the books on it, or He was glad to close the books on this case.
See also: book, close
References in classic literature ?
The most unpleasant thing that had ever happened to him had reached its formal conclusion, as it were; he could close the book and put it away.
Then he begged me to close the book, and sent me away, promising to put my name on the reward list.
When they close the books on FCC Chairman Bill Kennard's reign as the nations top telecommunications regulator, they might well look to today for the example that demonstrates his impact as a consumer advocate," said Jesse Ayala, spokesman for Texas Watch.
We believe that this will allow us to close the books on Lexia, which ceased its operations in September.
Even as we close the books on another record-setting performance, our sights are set on the future, and our resources are committed to innovations that we believe will keep us at the forefront of our industry for what we hope will be another 50 years.
ILM II has instructed its transfer agent to close the books and records for, and not to process any further transfers of, ILM II's common stock pending the announcement.
We look forward to working with them in preparing an integrated corporate communications plan for our brands as we prepare to close the books on an event-filled and successful fiscal year 2004 and enter a promising 2005.
Also, the visibility that SRC provides has been crucial in helping us reduce the time it takes us to close the books each month.
These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to, our not discovering any unexpected expenses or revenue recognition issues as we close the books for the quarter, our confirmation of the accounting at our German subsidiaries, and there being no change in our assessment of our reserves for product returns and obsolete inventory as well as other risk factors detailed in the company's Form 8K, 10K, 10Q, and other filings with the Securities and Exchange Commission.
As we close the books on 2006, we are again pleased to extend assistance to very-low-, low- and moderate-income individuals and families including homeless, children, frail elderly and the physically and mentally disabled through our popular Affordable Housing Program," said John R.
As we close the books on 1993, we anticipate record sales and profits and the achievement of our other major financial goals for the year" Grieve said.
During the preparation of the financial statements, it became apparent that Alstyle's procedures to close the books in accordance with its past practices were deficient, especially when compared to the Company's procedures for closing the books in a timely manner.
s Auburn Hills division now can close the books in two days, it's working on closing them in fewer hours, with fewer resources.
For instance, Davenport's scorecard judges his finance and operations division in such areas as the number of days it takes to close the books at month's end, the cost of each meal the school serves, the turnover of the school's children's clothing inventory, the professional training the department offers its staff members (and how often the department teaches other employees about financial topics) and how satisfied Davenport's internal "customer s" are with his new regime.
As we close the books on our fiscal 2005 fourth quarter, I am pleased with our return to sequential quarterly growth," said Robert G.