Tag-wise reports help you easily track and understand how much money you're making or losing on different projects by organizing income and expenses with labels.
Let's see how:
Imagine a wedding planner, "Elegant Weddings," who manages multiple weddings concurrently. Each wedding is unique, involving different vendors, venues, and service requirements. Managing finances for each project separately can be complex and time-consuming.
But on Refrens, you can assign a unique tag for each event/project (e.g., “SharmaWedding”, “OberoiAnniversary”). Every invoice raised and expense incurred can be tagged accordingly. 
Just add a tag from the Invoice preview page > invoice summary > tag > add a tag - as shown above.
With this, at any point, you can generate reports based on these tags to see the net income or loss associated with each specific event/project.
Just go to Accounting Reports > Tag-wise Project Report to access detailed project-wise reports:
That's it! start adding tags on your invoices & expenses to track project-wise profitability.