Usually means: End accounting period; finalize records.
Definitions Related words Mentions
We found 3 dictionaries that define the word close the books:

General (3 matching dictionaries)
  1. close the books: Collins English Dictionary
  2. close the books: Dictionary.com
  3. close the books: Wiktionary

Definitions from Wiktionary (close the books)

verb:  (idiomatic, finance, accounting) To finalize the financial records for a specific accounting period; to cease trading.

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