Yes, it's much easier to just have accounting data in a relational database. It's much easier to work with (edits and arbitrary analysis/reporting), rather than

Yes, it's much easier to just have accounting data in a relational database. It's much easier to work with (edits and arbitrary analysis/reporting), rather than having to use/learn some bespoke tooling and data format. It's much easier to associate entries with metadata or categories, and much simpler to add editing GUI on top if you want to, or integrate with third party data sources. (I wrote a text based ledger tool myself, and then switched to storing data in PostgreSQL)