consola.finance offers a “Tags” feature that helps to segregate and group similar transactions. For example, a company that frequently conducts transactions with a single purpose may benefit from creating a new Tag and mapping transactions with that particular tag .

Creating a New Tag

To create a new tag, the user can follow these steps:

1. Navigate to the "Add new tag" section.
2. Enter the desired tag name.
3. Click on the plus icon.

For example, if a contributor of Decentralized Autonomous Organization (DAO) is purchasing its governance tokens, the ETH they pay is transferred to a common DAO wallet. In this case, a tag called "Governance token purchase" could be created and applied to every inflow that occurs in this wallet. This will allow the user to easily track and manage the incoming funds from the sale of governance tokens.

Creating a Sub-Tag

To create a new sub-tag, the user can follow these steps:

1. Navigate to the "Tags" section.
2. Select the desired tag where the sub-tag will be added.
3. In the "Add new sub-tag" section, enter the desired sub-tag name.
4. Click on the ✅ icon to confirm.
5. Wait for the sub-tag to be created.

For instance, if a user has a tag called "Expenses" and wishes to further classify their expenses into sub-tags such as "Salary" and "Freelance Payout" they can add these sub-tags by following the steps outlined above. This will allow the user to better track and manage their income sources.

Deleting a Sub-Tag