Using Mint.com, it is a lot easier. It automatically tags info in your account based upon what it deems is the appropriate category, plus you can easily add your own categories and assign recurring items from the same 'vendor' to be assigned to a particular category. In addition, it also keeps everything online, but easily accessible for downloading too (in .CSV format, so importing into your favorite gspreadsheet is a piece of cake).
In addition, they have all sorts of planning helpers, from retirement and savings planning to budget development and even an alert system that works extremely well. This is all I have done with my account with them so far - and this is just the tip of the proverbial iceberg.
I bank with a local Credit Union and my updates on Mint are within minutes of my bank updating my account info. The info is so good that I have abandoned using my physical checks and only use my Check card now. Less of a paper trail to worry about, and more instantaneous reporting.
The *really* funny thing of the post I am quoting from over 6 months ago, though, is this:
Mint.com - parent company, Intuit.
Qucken - Parent company, Intuit.
I just found that rather ... funny.