Monthly closing creates a consistent checkpoint across your financial life. Hugo opens a closing seven days before month-end and shows whether it is Open or Closed in the navigation.
Start the closing
Open Monthly closing. Hugo prepares active financial products, physical assets, and liabilities that do not yet have an entry for the selected month.
Review each item
For a financial product, enter date and balance. When the product tracks flows, also enter deposits and withdrawals for the period.
For a physical asset, enter date and current value.
For a liability, enter date and the positive outstanding balance.
Select Save and continue after each item. Use Skip when you intentionally do not want to enter a value. Skipped items remain without a record for that month.
Add monthly highlights
At the end, you can optionally record up to three things you treated yourself to or invested significantly in. Each completed highlight needs both a name and positive amount.
Select Close month. The Overview updates, and Hugo can generate the month’s AI recap. The next closing opens seven days before the end of the following month.