to close financial month vs to end financial month

Both phrases are correct, but they are used in slightly different contexts. 'To close the financial month' is commonly used in accounting and finance to refer to the process of finalizing all financial transactions and preparing financial statements for a specific month. On the other hand, 'to end the financial month' is a more general phrase that can be used in various contexts to indicate the conclusion of a specific month in terms of financial activities.

Last updated: March 24, 2024 • 770 views

This phrase is correct and commonly used in accounting and finance to refer to the process of finalizing all financial transactions and preparing financial statements for a specific month.

"to close financial month"

This phrase is used in the context of accounting and finance to indicate the completion of all financial activities and the preparation of financial reports for a specific month.

Examples:

We need to close the financial month before we can generate the financial reports.
The accounting team will work overtime to close the financial month on time.
Closing the financial month involves reconciling all accounts and preparing financial statements.
It's important to close the financial month accurately to ensure the integrity of the financial data.
The CFO is responsible for overseeing the process to close the financial month.

Show examples from the web [+]

In fact, the financial indicators confirm that the Community industry is no longer in the position to further decrease their price levels without incurring losses which, in the case of SMEs, cannot be sustained for more than a few months without being forced to close down.
What is needed instead is for these two financial institutions to coordinate and collaborate whilst respecting their autonomy and their different origins, despite the very close financial relationship they enjoy.
My neighbor forgot to close his curtains.
I came to close the apartment.
Came to close a distribution deal.
CEOs looking to close a deal.
The Advisory Committee agrees to close the proceedings against FNAS.
Click to close the current search results.
Click Close to close the Preferences dialog.
Many traditional but inefficient companies had to close.
The Commissioner said that Bulgaria has promised to close Kozludy.
(ii) their close financial or business relationship with the issuing institution, such as a common marketing or distribution scheme.
their close financial or business relationship with the issuing institution, such as a shared ownership, marketing or distribution structure,
their close financial or business relationship with the issuing institution, such as a common marketing or distribution scheme.
She either forgot to close the bathroom door or didn't bother to close it.
We can just keep it to close friends and family.
Your partner knows how to close a sale.
The Graysons tend to close ranks in moments like these.
It was an audacious move to close the store.
We've got three tacticals ready to close in.

Alternatives:

to finalize the financial month
to complete the financial month
to wrap up the financial month
to conclude the financial month
to finish the financial month

This phrase is correct and can be used in a general context to indicate the conclusion of a specific month in terms of financial activities.

"to end financial month"

This phrase can be used in various contexts to signify the conclusion of a specific month in terms of financial activities, without the specific connotation of finalizing financial transactions and preparing financial statements.

Examples:

As we end the financial month, we need to review our budget for the next month.
The company's financial performance improved as we ended the financial month.
Ending the financial month on a positive note is crucial for setting the tone for the next month.
Let's have a meeting to discuss the outcomes as we end the financial month.
The team celebrated the successful end of the financial month with a small party.

Show examples from the web [+]

I was able to download the year-end financials off Andrew's laptop.
Both the accounting profession and the auditing industry have given specific consideration to these issues in light of finalisation of the year-end financial statements.
Where losses for the current financial year have already reduced Common Equity Tier 1 items as a result of an interim or a year-end financial report, a deduction is not needed.
A deduction on a corresponding basis is no longer required, where the expenses related to any action according to this paragraph are already included in own funds as a result of an interim or a year-end financial report.
The Pazzis strive to end the matter swiftly.
The president is taking extraordinary measures to end this crisis.
Our desire was to end spirit magic everywhere.
Ron has decided to end this relationship.
And sacrifice needs to end it.
Over your decision To end things with malini.
Someone framed him to end the investigation.
To end his reign and begin mine.
I accordingly voted to end this practice.
The Tanzanian Government must take consistent measures to end this dreadful situation.
In particular, they may ensure end-to-end connectivity by imposing proportionate obligations on undertakings that control access to end-users.
'In the absence of a comprehensive accounting system, the year-end financial statements are drawn up largely on the basis of records which are not part of the accounts.
You also said: 'In the absence of a comprehensive accounting system, the year-end financial statements are drawn up largely on the basis of records which are not part of the accounts.
Financial statements shall be considered audited financial statements when reconciliation is carried out against the year-end financial statements.
For the purpose of determining an institution's profit and loss accounts in accordance with paragraph 1, income and expenses shall be determined under the same process and on the basis of the same accounting standards as the one followed for the year-end financial report.
CNN has even reported that these individuals have put out the policy reports - through the Council on Foreign Relations that writes their scholarly white papers - to end the United States, to end Canada and to end Mexico.

Alternatives:

to conclude the financial month
to finish the financial month
to complete the financial month
to wrap up the financial month
to finalize the financial month

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to close financial month vs to end financial month