What is another word for closes the books?
Pronunciation: [klˈə͡ʊzɪz ðə bˈʊks] (IPA) 
When it comes to accounting, the term "closes the books" is commonly used to indicate the end of a financial period which involves finalizing all financial transactions and preparing the financial statements. However, there are several other terms that can be used interchangeably with "closes the books," such as "completes the accounting," "finalizes the ledger," "concludes the fiscal year," or "finishes the financial statements." These phrases all imply the same process of recording and reconciling all financial transactions, resolving any discrepancies, and ultimately producing accurate financial statements that can be used for audits, tax filings, and other financial reporting purposes.
