What action would you take to edit existing labels in Xero Expenses?

To edit existing labels in Xero Expenses, using the overflow menu is the correct approach. The overflow menu typically contains additional options that are not immediately visible, and it is designed to give users access to various actions that can be performed on items within the interface. When you select this menu, you can find specific options for modifying labels, allowing you to efficiently manage how your expenses are categorized and labeled.

Accessing the dashboard does not directly lead you to label editing and provides a general overview of your business metrics and expenses, but does not facilitate label modification. Choosing the Delete option would remove a label entirely rather than allowing for editing, which does not meet the requirement of making changes to an existing label. Finally, clicking on the Filter button helps narrow down views of data rather than providing options to edit labels; hence, it would not serve any purpose for modifying how labels are applied or displayed in your expenses.