What is another word for close books?
Pronunciation: [klˈə͡ʊs bˈʊks] (IPA) 
The term "close books" refers to the process of finalizing all financial transactions and entries for a particular period or year. It signifies the end of a specific financial cycle and the beginning of a new one. There are various synonyms for "close books," including "complete financial statements," "conclude accounting," "end fiscal year," "shut ledger," "wrap up finances," "terminate financials," and "finish bookkeeping." These terms are commonly used interchangeably in the financial industry and are crucial in ensuring accurate and transparent financial reporting. Adequate completion of this task allows for informed decision-making and effective planning for the future financial operations of a business.
