Words / C / Business

close the books

phrase

B1CEFR level
35/100Rarity: fairly common
TechnicalRegister

To finalise all accounting entries for a period so that no further transactions can be recorded to it.

We aim to close the books within five working days of month end so management get the numbers quickly.

Similar: close the accounts

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting