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  1. #1
    Wesley P is offline Newbie
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    Default weird expressions

    Hi guys...

    A friend of mine has told me that at work he helps his father by calculating profits and debts of his father's company in a week basis.

    But when he told me that, he didn't use the same words I did, he said:
    "At work, I help my father by closing the week for him."

    Is the expression "close the week" acceptable for this context.

  2. #2
    probus's Avatar
    probus is offline Key Member
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    Default Re: weird expressions

    It is a technical term used by accountants. In pre-computer days it involved producing a statement of profit and loss and a balance sheet. Nowadays, it is more used to mean completing all the accounting entries for a fiscal period, whether that be a week, a month, a year or whatever. Most accountants now use it to mean that, once a fiscal period has been closed, no further entries are allowed in that period.

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