Creating and Using Custom Transaction Labels

Introduction

Transaction Labels allow you to classify your transactions and typically represent the property type of a transaction (e.g., Residential, Commercial, Land and Lot, Rental, and Condo, etc.).

Transaction Labels play a critical role in Auto-assigning Checklist Templates and ensuring the appropriate tasks are added to transactions based on their property type.

The main benefits of using Transaction Labels include the ability to:

● Automatically assign checklists to transactions based on property type and other criteria.

● View a transaction's property type at-a-glance on the Transactions List.

● Filter and download reports and search results based on property type. 

Who Can Do This?

Only master admins can complete the full setup of Commission Module.

Video 🎥

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Set Up Transaction Labels

To set up Transaction Labels:

1. Go to Admin / Settings by clicking your name in the upper-right, then [Admin / Settings].
2. Click [Transaction Labels] from the Customize section of the left menu.

Add a Transaction Label

To add a Transaction Label:

1. From the Transaction Labels area in Admin / Settings, click [Add Label].
   
2. Enter the Label Name.
3. Click [Add Label] to save the new label.

Edit a Transaction Label

To edit an existing Transaction Label:

1. From the Transaction Labels area in Admin / Settings, click the [⚙️] to the right of the label, then [Rename].
   
2. Enter the new Label Name.
3. Click [Save] to update the label.
4. If the original Transaction Label is applied to any existing transactions, Pipeline will give you the option to change the Transaction Label of those existing transactions.
   
   
   ● To update the Transaction Label on transactions where the original label is applied, select [Yes]. Pipeline will confirm the number of transactions updated.
   
   ● To leave the original label on transactions, select [No]. The original label will remain on transactions where it was already applied.

Delete a Transaction Label

To delete a Transaction Label:

1. From the Transaction Labels area in Admin / Settings, click the [⚙️] to the right of the label, then [Remove].
   
2. Click [remove] again to confirm the deletion.

Other Transaction Label Settings

Require Transaction Label (Company Settings)

You may set your account to require a Transaction Label on all transactions. By default, a Transaction Label is not required on transactions.

To require a label on all transactions:

1. Go to Admin / Settings by clicking your name in the upper-right, then [Admin / Settings].
2. From the section for Transaction Settings, check the box next to [Require Transaction Label].
3. Click [Save Settings].

Requiring a Transaction Label is especially helpful when you've set up Auto-Assigning Checklist Templates based on Transaction Label and want to ensure the proper Checklist Template is added to all transactions. Learn about other Company Settings →

Auto-Assign Checklists Based on Transaction Label (Checklist Templates)

Checklists can be set to automatically assign to transactions based on a transaction's label. Learn how to Automatically Assign Checklist Templates to Transactions →

Apply a Transaction Label to a Transaction 

To apply a label to a transaction:

1. When adding or editing a transaction, click the [Label] dropdown.
   
2. Select your desired label for the transaction.
3. Click [Add Transaction] or [Save].

If you currently use the Transaction Status to classify the property type, we strongly recommend using Transaction Labels instead.

Pipeline Pro Webinar Recording: The Hidden Benefits of Transaction Labels 🎥

This webinar covers how Transaction Labels help make your workflow more efficient in areas you may not realize. When used correctly, Transaction Labels are a huge time saver and essential for simplifying and automating your account.

View more Paperless Pipeline Pro Webinars here →

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