Same experience here and with all due respect to their work. I could understand accountants using it but for the general public it forces you to use accounting concept that unnecesary (could be done internally) for managing your personal finances.
In another context this also happens with CRMs where marketing and sales people end up using spreadsheets and from time to time uploading information to the CRM with some push.
> for the general public it forces you to use accounting concept that unnecessary
Strong disagree on the unnecessary part, as far as I know there is one correct way to count money and a billion wrong ways.
Fortunately the correct way, double entry accounting, is actually fairly easy. People were already using this method 400 years ago. It also scales down very well to the level of an individual and scales up to the level of a megacorp.
It's a skill that takes 30 minutes to acquire and pays dividends your entire life.
It took me several years to learn, and I still encounter transactions from time to time that take me one hour to come up with the correct splits.
Not everyone has the same level of financial education, nor the same intuitive mental model around what's credit and what's debit, and what goes where.
This is not my experience, I know accounting but transferring that knowledge (and interest) to people that just want to simplify the registration of a basic movements in a seamless way makes them to look at other tools. It is the UX at the end beyond if you are right on the concept.
In another context this also happens with CRMs where marketing and sales people end up using spreadsheets and from time to time uploading information to the CRM with some push.