Another way of grouping items together is via labels, which can be used to identify related transactions that might otherwise not be related at all, such as when tracking event expenses.
A good example of this could be a surprise birthday party for your friend Bob. Thanks to labels, expenses such as food, drinks, gifts, local and even the weird animal balloons he likes so much can be categorized accordingly while still being accounted towards the total cost of the event.
All labels can be identified in different ways:
All labels must have a unique name.
All labels must have a distinct color.
To modify a label's color, click on the squared color icon or select the desire label, run the Omnibar (cmd + k) and search for the "Edit color" command.
Label colors accept simple names such as "Red" or Hex code such as "#ff0000".
Labels can also have an optional emoji.
To modify a label's emoji, click on the icon to the left of it's name or select the desire label, run the Omnibar (cmd + k) and search for the "Edit emoji" command.
Labels can have notes that will help you identify better what they are about.
A label's balance shows the total sum of all transactions labeled together.
Inside a Label's detail view you'll find two tables showing a list of all transactions and postings that have been labeled together.
These labels are used by the system and have specific behaviors that only apply to the entities they belong to.