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We just added transaction labeling in Alby Hub and I'm curious how other stackers handle this.

The basic idea: instead of trying to reconstruct payment context later, you can label transactions when they happen. For example: expense, transfer, sales receipt, account/category, counterparty, memo, invoice period, etc. Then exports become much easier to use in tools like QuickBooks or whatever accounting setup you use.

Short write-up here:
https://getalby.com/blog/transaction-labeling-in-alby-hub

The reason I'm asking: bookkeeping for bitcoin/lightning payments can get annoying fast, especially if you have lots of small transactions. Privacy is great, but it also means you don't automatically get the structured metadata that banks/payment processors often give you.

A few questions for people here:

  1. How much time do you spend on bookkeeping for bitcoin payments?
  2. Is tax and accounting reporting still mostly manual for you?
  3. Would labeling transactions at the wallet or node level help?
  4. If you've tried this in Alby Hub, what would make it better?

Would love your feedback, especially from anyone using bitcoin for business payments, donations, invoices, or medium to high-volume payment activity (e.g. zaps or V4V).