close the books

(redirected from closes 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 ?
The moment past, Twemlow drops his eyeglass at its ribbon's length, rises, and closes the book with an emphasis which makes that fragile nursling of the fairies, Tippins, start.
For instance, when he benchmarks how fast his team closes the books after the end of the month, he chooses to face off with Motorola, known for its reporting speed.