How is this different creating labels and filtering your emails into various labels you created? That is what I have set up. If it pertains to bill, money or

How is this different creating labels and filtering your emails into various labels you created? That is what I have set up. If it pertains to bill, money or bank stuff the sender i.e. support@bankofamerica.com goes into bank & money label. That is just an example as I have 15 or more labels where email goes accordingly.