close the books

(redirected from closed the books)

close the books

1. To end a particular financial or accounting period. The business has already closed the books for this quarter.
2. To decide that a particular situation has ended; to conclude something; to stop considering something as an option. Mindy was our top candidate for the job, but we had to close the books on her when we learned that she had lied on her resume. I think it's time for me to close the books on this situation because I'm clearly never getting my money back.
See also: book, close
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

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
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

close the books

make no further entries at the end of an accounting period; cease trading.
See also: book, close
Farlex Partner Idioms Dictionary © Farlex 2017
See also:
References in classic literature ?
All at once the stranger closed the book, putting in a marker, and again, leaning with his arms on the back of the sofa, sat in his former position with his eyes shut.
A momentary blush suffused her face - perhaps, a blush of sympathetic shame for such an awkward style of presentation: she gravely examined the volume on both sides; then silently turned over the leaves, knitting her brows the while, in serious cogitation; then closed the book, and turning from it to me, quietly asked the price of it - I felt the hot blood rush to my face.
He here closed the book and leaned forward in the chair, placing himself accurately in the position which I had occupied at the moment of beholding "the monster."
Somewhere out of the ruck of those warring races had emerged Billy's ancestors, and hers, was her afterthought, as she closed the book and put it back in the drawer.
Francine closed the book, and locked it up again in her desk.
Directly the door opened he closed the book, and the eyes of father and mother both rested on Katharine as she came towards them.
He tried to read a chapter in Fiske, but his brain was restless and he closed the book. To-day witnessed the beginning of the new battle, wherein for some time there would be no writing.
I closed the book, which I dared no longer peruse, and put it on the table, beside the untasted tart.
By this time, Mr Swiveller had finished his entry, and he now replaced his pencil in its little sheath and closed the book, in a perfectly grave and serious frame of mind.
It won back its listing on the New York Stock exchange in July and the company has just closed the books on its fourth straight profitable year.
closed the books on fiscal 2005 with formidable double-digit gains in sales and earnings.
When they closed the books on their 2003 fiscal year last September, Buckstone enjoyed a banner year exporting 10 containers worth of goods from Southeast Asia.