diff --git a/src/qt/bitcoingui.cpp b/src/qt/bitcoingui.cpp
index 58c005ae7..198dd1fdf 100644
--- a/src/qt/bitcoingui.cpp
+++ b/src/qt/bitcoingui.cpp
@@ -859,18 +859,18 @@ void BitcoinGUI::closeEvent(QCloseEvent *event)
 }
 
 #ifdef ENABLE_WALLET
-void BitcoinGUI::incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address)
+void BitcoinGUI::incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address, const QString& label)
 {
     // On new transaction, make an info balloon
+    QString msg = tr("Date: %1\n").arg(date) +
+                  tr("Amount: %1\n").arg(BitcoinUnits::formatWithUnit(unit, amount, true)) +
+                  tr("Type: %1\n").arg(type);
+    if (!label.isEmpty())
+        msg += tr("Label: %1\n").arg(label);
+    else if (!address.isEmpty())
+        msg += tr("Address: %1\n").arg(address);
     message((amount)<0 ? tr("Sent transaction") : tr("Incoming transaction"),
-             tr("Date: %1\n"
-                "Amount: %2\n"
-                "Type: %3\n"
-                "Address: %4\n")
-                  .arg(date)
-                  .arg(BitcoinUnits::formatWithUnit(unit, amount, true))
-                  .arg(type)
-                  .arg(address), CClientUIInterface::MSG_INFORMATION);
+             msg, CClientUIInterface::MSG_INFORMATION);
 }
 #endif // ENABLE_WALLET
 
diff --git a/src/qt/bitcoingui.h b/src/qt/bitcoingui.h
index 5a289a904..494541f00 100644
--- a/src/qt/bitcoingui.h
+++ b/src/qt/bitcoingui.h
@@ -165,7 +165,7 @@ public slots:
     bool handlePaymentRequest(const SendCoinsRecipient& recipient);
 
     /** Show incoming transaction notification for new transactions. */
-    void incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address);
+    void incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address, const QString& label);
 #endif // ENABLE_WALLET
 
 private slots:
diff --git a/src/qt/peertablemodel.cpp b/src/qt/peertablemodel.cpp
index dfb7a623a..220f273d0 100644
--- a/src/qt/peertablemodel.cpp
+++ b/src/qt/peertablemodel.cpp
@@ -115,7 +115,7 @@ PeerTableModel::PeerTableModel(ClientModel *parent) :
     clientModel(parent),
     timer(0)
 {
-    columns << tr("Address/Hostname") << tr("User Agent") << tr("Ping Time");
+    columns << tr("Node/Service") << tr("User Agent") << tr("Ping Time");
     priv = new PeerTablePriv();
     // default to unsorted
     priv->sortColumn = -1;
diff --git a/src/qt/transactiontablemodel.cpp b/src/qt/transactiontablemodel.cpp
index dff2676b1..34464b407 100644
--- a/src/qt/transactiontablemodel.cpp
+++ b/src/qt/transactiontablemodel.cpp
@@ -227,7 +227,7 @@ TransactionTableModel::TransactionTableModel(CWallet* wallet, WalletModel *paren
         priv(new TransactionTablePriv(wallet, this)),
         fProcessingQueuedTransactions(false)
 {
-    columns << QString() << QString() << tr("Date") << tr("Type") << tr("Address") << BitcoinUnits::getAmountColumnTitle(walletModel->getOptionsModel()->getDisplayUnit());
+    columns << QString() << QString() << tr("Date") << tr("Type") << tr("Label") << BitcoinUnits::getAmountColumnTitle(walletModel->getOptionsModel()->getDisplayUnit());
     priv->refreshWallet();
 
     connect(walletModel->getOptionsModel(), SIGNAL(displayUnitChanged(int)), this, SLOT(updateDisplayUnit()));
@@ -626,7 +626,7 @@ QVariant TransactionTableModel::headerData(int section, Qt::Orientation orientat
             case Watchonly:
                 return tr("Whether or not a watch-only address is involved in this transaction.");
             case ToAddress:
-                return tr("Destination address of transaction.");
+                return tr("User-defined intent/purpose of the transaction.");
             case Amount:
                 return tr("Amount removed from or added to balance.");
             }
diff --git a/src/qt/walletview.cpp b/src/qt/walletview.cpp
index 9d6a06019..956c8b891 100644
--- a/src/qt/walletview.cpp
+++ b/src/qt/walletview.cpp
@@ -93,7 +93,7 @@ void WalletView::setBitcoinGUI(BitcoinGUI *gui)
         connect(this, SIGNAL(encryptionStatusChanged(int)), gui, SLOT(setEncryptionStatus(int)));
 
         // Pass through transaction notifications
-        connect(this, SIGNAL(incomingTransaction(QString,int,CAmount,QString,QString)), gui, SLOT(incomingTransaction(QString,int,CAmount,QString,QString)));
+        connect(this, SIGNAL(incomingTransaction(QString,int,CAmount,QString,QString,QString)), gui, SLOT(incomingTransaction(QString,int,CAmount,QString,QString,QString)));
     }
 }
 
@@ -149,9 +149,11 @@ void WalletView::processNewTransaction(const QModelIndex& parent, int start, int
     QString date = ttm->index(start, TransactionTableModel::Date, parent).data().toString();
     qint64 amount = ttm->index(start, TransactionTableModel::Amount, parent).data(Qt::EditRole).toULongLong();
     QString type = ttm->index(start, TransactionTableModel::Type, parent).data().toString();
-    QString address = ttm->index(start, TransactionTableModel::ToAddress, parent).data().toString();
+    QModelIndex index = ttm->index(start, 0, parent);
+    QString address = ttm->data(index, TransactionTableModel::AddressRole).toString();
+    QString label = ttm->data(index, TransactionTableModel::LabelRole).toString();
 
-    emit incomingTransaction(date, walletModel->getOptionsModel()->getDisplayUnit(), amount, type, address);
+    emit incomingTransaction(date, walletModel->getOptionsModel()->getDisplayUnit(), amount, type, address, label);
 }
 
 void WalletView::gotoOverviewPage()
diff --git a/src/qt/walletview.h b/src/qt/walletview.h
index f3d14c065..1840e21e9 100644
--- a/src/qt/walletview.h
+++ b/src/qt/walletview.h
@@ -113,7 +113,7 @@ signals:
     /** Encryption status of wallet changed */
     void encryptionStatusChanged(int status);
     /** Notify that a new transaction appeared */
-    void incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address);
+    void incomingTransaction(const QString& date, int unit, const CAmount& amount, const QString& type, const QString& address, const QString& label);
 };
 
 #endif // BITCOIN_QT_WALLETVIEW_H