Labels are going to become your new best friend to help you manage your projects and pull powerful custom reports.
You can add labels directly to jobs, expenses, quotes, invoices and companies from the label icon. You can also manage labels from the label management page (Menu > Profile & Settings > Master Settings > Labels).

Example labels
Jobs:
Account or Project Manager
Location (city, country etc)
Job status (to quote, to schedule, with client etc)
JT: (website, print, branding, design etc)
New business
Non-billable (could also be called internal or admin)
Pipeline (first contact 20%, actively engaged 40%, opportunity 60% etc)
Retainer
Template
VIP
Expenses/POs:
Budget, approved, awaiting invoice, paid, type i.e. print
Quotes:
Approved, with client, requested approval, cancelled, to be invoiced
Invoices:
To be invoiced, sent to accountant
Companies:
Supplier, prospect, newsletter, VIP, account manager who signed them
Use pre-fixes to supercharge your labels
This is a huge tip that we all love here at Streamtime. Here's why:
Easily manage the label management page, which is ordered alphabetically (keep reading)
Give yourself a drop down list when adding labels to projects and take out the guessing game of what label you need
Commonly used pre-fixes for job labels are:
AM = Account Manager
GEO = location
JS = job status
JT = job type
PL = pipeline

Create custom reports using labels
One of our favourite and most used report filters is 'Job Label'. That's right, you can use labels to help build completely bespoke reports that will blow your mind.
For example, want to see all client-facing jobs? Use the filter Job Label is not 'internal' or 'non-billable'.
Read more on creating custom reports here