Yes, exactly that. You can do automatic imports of your bank statements but that's arguably more hassle.
It takes 10 minutes at the end of my day to record all my transactions and it gives me a complete understanding of where my money is going.
I’d love to be able to do this, but realistically (for me), I’d need something that works reliably on my worst days. If I’m out late, on vacation for a few days, dealing with some on-call thing all night, etc., I don’t want to be beholden to a 10-minute per day commitment that accumulates linearly. Discipline can only get me so far in the face of chaos—automation can take me the rest of the way there.
For all the concerns and problems over tools like Mint, having all 10-20 accounts we have automatically sync their data into the system makes it so much easier to manage.
On Paisa (ledger). I like it! But...KMyMoney has such a nice interface for recurring/future payments and reports (that I can edit to suit our needs) that I'm struggling to see the point of ledger behind gui for our use case. It does look nice though.
For longer term accounts like my 401k, IRAs, and brokerage accounts, I track money going in our out but only update the gains/losses every 6 months or annually on Dec 31st.