diff --git a/hledger-lib/Hledger/Data/Account.hs b/hledger-lib/Hledger/Data/Account.hs
index 1a8f92603..b3da296cf 100644
--- a/hledger-lib/Hledger/Data/Account.hs
+++ b/hledger-lib/Hledger/Data/Account.hs
@@ -134,11 +134,13 @@ clipAccounts d a = a{asubs=subs}
 
 -- | Remove subaccounts below the specified depth, aggregating their balance at the depth limit
 -- (accounts at the depth limit will have any sub-balances merged into their exclusive balance).
-clipAccountsAndAggregate :: Int -> [Account] -> [Account]
-clipAccountsAndAggregate d as = combined
+-- If the depth is Nothing, return the original accounts
+clipAccountsAndAggregate :: Maybe Int -> [Account] -> [Account]
+clipAccountsAndAggregate Nothing  as = as
+clipAccountsAndAggregate (Just d) as = combined
     where
-      clipped  = [a{aname=clipOrEllipsifyAccountName d $ aname a} | a <- as]
-      combined = [a{aebalance=sum (map aebalance same)}
+      clipped  = [a{aname=clipOrEllipsifyAccountName (Just d) $ aname a} | a <- as]
+      combined = [a{aebalance=sum $ map aebalance same}
                  | same@(a:_) <- groupOn aname clipped]
 {-
 test cases, assuming d=1:
diff --git a/hledger-lib/Hledger/Data/AccountName.hs b/hledger-lib/Hledger/Data/AccountName.hs
index 5e1e10fc3..f1da82014 100644
--- a/hledger-lib/Hledger/Data/AccountName.hs
+++ b/hledger-lib/Hledger/Data/AccountName.hs
@@ -194,15 +194,18 @@ elideAccountName width s
           | otherwise = done++ss
 
 -- | Keep only the first n components of an account name, where n
--- is a positive integer. If n is 0, returns the empty string.
-clipAccountName :: Int -> AccountName -> AccountName
-clipAccountName n = accountNameFromComponents . take n . accountNameComponents
+-- is a positive integer. If n is Just 0, returns the empty string, if n is
+-- Nothing, return the full name.
+clipAccountName :: Maybe Int -> AccountName -> AccountName
+clipAccountName Nothing  = id
+clipAccountName (Just n) = accountNameFromComponents . take n . accountNameComponents
 
 -- | Keep only the first n components of an account name, where n
--- is a positive integer. If n is 0, returns "...".
-clipOrEllipsifyAccountName :: Int -> AccountName -> AccountName
-clipOrEllipsifyAccountName 0 = const "..."
-clipOrEllipsifyAccountName n = accountNameFromComponents . take n . accountNameComponents
+-- is a positive integer. If n is Just 0, returns "...", if n is Nothing, return
+-- the full name.
+clipOrEllipsifyAccountName :: Maybe Int -> AccountName -> AccountName
+clipOrEllipsifyAccountName (Just 0) = const "..."
+clipOrEllipsifyAccountName n        = clipAccountName n
 
 -- | Escape an AccountName for use within a regular expression.
 -- >>> putStr $ escapeName "First?!#$*?$(*) !@^#*? %)*!@#"
diff --git a/hledger-lib/Hledger/Reports/MultiBalanceReport.hs b/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
index 1f6ed9d9b..4dc82d36d 100644
--- a/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
+++ b/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
@@ -289,7 +289,7 @@ acctChangesFromPostings ropts q ps = HM.fromList [(aname a, a) | a <- as]
     as = filterAccounts . drop 1 $ accountsFromPostings ps
     filterAccounts = case accountlistmode_ ropts of
         ALTree -> filter ((depthq `matchesAccount`) . aname)      -- exclude deeper balances
-        ALFlat -> maybe id clipAccountsAndAggregate (queryDepth depthq) .  -- aggregate deeper balances at the depth limit.
+        ALFlat -> clipAccountsAndAggregate (queryDepth depthq) .  -- aggregate deeper balances at the depth limit.
                       filter ((0<) . anumpostings)
     depthq = dbg "depthq" $ filterQuery queryIsDepth q
 
diff --git a/hledger-lib/Hledger/Reports/PostingsReport.hs b/hledger-lib/Hledger/Reports/PostingsReport.hs
index 974ec3a9b..d79deddd5 100644
--- a/hledger-lib/Hledger/Reports/PostingsReport.hs
+++ b/hledger-lib/Hledger/Reports/PostingsReport.hs
@@ -72,7 +72,7 @@ postingsReport ropts@ReportOpts{..} q j =
     where
       reportspan  = adjustReportDates ropts q j
       whichdate   = whichDateFromOpts ropts
-      depth       = fromMaybe maxBound $ queryDepth q
+      mdepth      = queryDepth q
       styles      = journalCommodityStyles j
       priceoracle = journalPriceOracle infer_value_ j
       multiperiod = interval_ /= NoInterval
@@ -84,7 +84,7 @@ postingsReport ropts@ReportOpts{..} q j =
       -- Postings, or summary postings with their subperiod's end date, to be displayed.
       displayps :: [(Posting, Maybe Day)]
         | multiperiod =
-            let summaryps = summarisePostingsByInterval interval_ whichdate depth showempty reportspan reportps
+            let summaryps = summarisePostingsByInterval interval_ whichdate mdepth showempty reportspan reportps
             in [(pvalue p lastday, Just periodend) | (p, periodend) <- summaryps, let lastday = addDays (-1) periodend]
         | otherwise =
             [(pvalue p reportorjournallast, Nothing) | p <- reportps]
@@ -101,7 +101,7 @@ postingsReport ropts@ReportOpts{..} q j =
       -- Posting report items ready for display.
       items =
         dbg4 "postingsReport items" $
-        postingsReportItems displayps (nullposting,Nothing) whichdate depth startbal runningcalc startnum
+        postingsReportItems displayps (nullposting,Nothing) whichdate mdepth startbal runningcalc startnum
         where
           -- In historical mode we'll need a starting balance, which we
           -- may be converting to value per hledger_options.m4.md "Effect
@@ -189,18 +189,19 @@ matchedPostingsBeforeAndDuring opts q j (DateSpan mstart mend) =
 
 -- | Generate postings report line items from a list of postings or (with
 -- non-Nothing dates attached) summary postings.
-postingsReportItems :: [(Posting,Maybe Day)] -> (Posting,Maybe Day) -> WhichDate -> Int -> MixedAmount -> (Int -> MixedAmount -> MixedAmount -> MixedAmount) -> Int -> [PostingsReportItem]
+postingsReportItems :: [(Posting,Maybe Day)] -> (Posting,Maybe Day) -> WhichDate -> Maybe Int -> MixedAmount -> (Int -> MixedAmount -> MixedAmount -> MixedAmount) -> Int -> [PostingsReportItem]
 postingsReportItems [] _ _ _ _ _ _ = []
-postingsReportItems ((p,menddate):ps) (pprev,menddateprev) wd d b runningcalcfn itemnum = i:(postingsReportItems ps (p,menddate) wd d b' runningcalcfn (itemnum+1))
-    where
-      i = mkpostingsReportItem showdate showdesc wd menddate p' b'
-      (showdate, showdesc) | isJust menddate = (menddate /= menddateprev,        False)
-                           | otherwise       = (isfirstintxn || isdifferentdate, isfirstintxn)
-      isfirstintxn = ptransaction p /= ptransaction pprev
-      isdifferentdate = case wd of PrimaryDate   -> postingDate p  /= postingDate pprev
-                                   SecondaryDate -> postingDate2 p /= postingDate2 pprev
-      p' = p{paccount= clipOrEllipsifyAccountName d $ paccount p}
-      b' = runningcalcfn itemnum b (pamount p)
+postingsReportItems ((p,menddate):ps) (pprev,menddateprev) wd d b runningcalcfn itemnum =
+    i:(postingsReportItems ps (p,menddate) wd d b' runningcalcfn (itemnum+1))
+  where
+    i = mkpostingsReportItem showdate showdesc wd menddate p' b'
+    (showdate, showdesc) | isJust menddate = (menddate /= menddateprev,        False)
+                         | otherwise       = (isfirstintxn || isdifferentdate, isfirstintxn)
+    isfirstintxn = ptransaction p /= ptransaction pprev
+    isdifferentdate = case wd of PrimaryDate   -> postingDate p  /= postingDate pprev
+                                 SecondaryDate -> postingDate2 p /= postingDate2 pprev
+    p' = p{paccount= clipOrEllipsifyAccountName d $ paccount p}
+    b' = runningcalcfn itemnum b (pamount p)
 
 -- | Generate one postings report line item, containing the posting,
 -- the current running balance, and optionally the posting date and/or
@@ -221,11 +222,11 @@ mkpostingsReportItem showdate showdesc wd menddate p b =
 -- | Convert a list of postings into summary postings, one per interval,
 -- aggregated to the specified depth if any.
 -- Each summary posting will have a non-Nothing interval end date.
-summarisePostingsByInterval :: Interval -> WhichDate -> Int -> Bool -> DateSpan -> [Posting] -> [SummaryPosting]
-summarisePostingsByInterval interval wd depth showempty reportspan ps = concatMap summarisespan $ splitSpan interval reportspan
-    where
-      summarisespan s = summarisePostingsInDateSpan s wd depth showempty (postingsinspan s)
-      postingsinspan s = filter (isPostingInDateSpan' wd s) ps
+summarisePostingsByInterval :: Interval -> WhichDate -> Maybe Int -> Bool -> DateSpan -> [Posting] -> [SummaryPosting]
+summarisePostingsByInterval interval wd mdepth showempty reportspan ps = concatMap summarisespan $ splitSpan interval reportspan
+  where
+    summarisespan s = summarisePostingsInDateSpan s wd mdepth showempty (postingsinspan s)
+    postingsinspan s = filter (isPostingInDateSpan' wd s) ps
 
 -- | Given a date span (representing a report interval) and a list of
 -- postings within it, aggregate the postings into one summary posting per
@@ -239,28 +240,27 @@ summarisePostingsByInterval interval wd depth showempty reportspan ps = concatMa
 -- The showempty flag includes spans with no postings and also postings
 -- with 0 amount.
 --
-summarisePostingsInDateSpan :: DateSpan -> WhichDate -> Int -> Bool -> [Posting] -> [SummaryPosting]
-summarisePostingsInDateSpan (DateSpan b e) wd depth showempty ps
-    | null ps && (isNothing b || isNothing e) = []
-    | null ps && showempty = [(summaryp, e')]
-    | otherwise = summarypes
-    where
-      postingdate = if wd == PrimaryDate then postingDate else postingDate2
-      b' = fromMaybe (maybe nulldate postingdate $ headMay ps) b
-      e' = fromMaybe (maybe (addDays 1 nulldate) postingdate $ lastMay ps) e
-      summaryp = nullposting{pdate=Just b'}
-      clippedanames | depth > 0 = nub $ map (clipAccountName depth) anames
-                    | otherwise = ["..."]
-      summaryps | depth > 0 = [summaryp{paccount=a,pamount=balance a} | a <- clippedanames]
-                | otherwise = [summaryp{paccount="...",pamount=sum $ map pamount ps}]
-      summarypes = map (, e') $ (if showempty then id else filter (not . mixedAmountLooksZero . pamount)) summaryps
-      anames = nubSort $ map paccount ps
-      -- aggregate balances by account, like ledgerFromJournal, then do depth-clipping
-      accts = accountsFromPostings ps
-      balance a = maybe nullmixedamt bal $ lookupAccount a accts
-        where
-          bal = if isclipped a then aibalance else aebalance
-          isclipped a = accountNameLevel a >= depth
+summarisePostingsInDateSpan :: DateSpan -> WhichDate -> Maybe Int -> Bool -> [Posting] -> [SummaryPosting]
+summarisePostingsInDateSpan (DateSpan b e) wd mdepth showempty ps
+  | null ps && (isNothing b || isNothing e) = []
+  | null ps && showempty = [(summaryp, e')]
+  | otherwise = summarypes
+  where
+    postingdate = if wd == PrimaryDate then postingDate else postingDate2
+    b' = fromMaybe (maybe nulldate postingdate $ headMay ps) b
+    e' = fromMaybe (maybe (addDays 1 nulldate) postingdate $ lastMay ps) e
+    summaryp = nullposting{pdate=Just b'}
+    clippedanames = nub $ map (clipAccountName mdepth) anames
+    summaryps | mdepth == Just 0 = [summaryp{paccount="...",pamount=sum $ map pamount ps}]
+              | otherwise        = [summaryp{paccount=a,pamount=balance a} | a <- clippedanames]
+    summarypes = map (, e') $ (if showempty then id else filter (not . mixedAmountLooksZero . pamount)) summaryps
+    anames = nubSort $ map paccount ps
+    -- aggregate balances by account, like ledgerFromJournal, then do depth-clipping
+    accts = accountsFromPostings ps
+    balance a = maybe nullmixedamt bal $ lookupAccount a accts
+      where
+        bal = if isclipped a then aibalance else aebalance
+        isclipped a = maybe True (accountNameLevel a >=) mdepth
 
 negatePostingAmount :: Posting -> Posting
 negatePostingAmount p = p { pamount = negate $ pamount p }
@@ -432,7 +432,7 @@ tests_PostingsReport = tests "PostingsReport" [
     -}
 
   ,test "summarisePostingsByInterval" $
-    summarisePostingsByInterval (Quarters 1) PrimaryDate 99999 False (DateSpan Nothing Nothing) [] @?= []
+    summarisePostingsByInterval (Quarters 1) PrimaryDate Nothing False (DateSpan Nothing Nothing) [] @?= []
 
   -- ,tests_summarisePostingsInDateSpan = [
     --  "summarisePostingsInDateSpan" ~: do
diff --git a/hledger/Hledger/Cli/Commands/Accounts.hs b/hledger/Hledger/Cli/Commands/Accounts.hs
index b88483ae4..e4feb18e2 100644
--- a/hledger/Hledger/Cli/Commands/Accounts.hs
+++ b/hledger/Hledger/Cli/Commands/Accounts.hs
@@ -77,7 +77,7 @@ accounts CliOpts{rawopts_=rawopts, reportopts_=ropts} j = do
         filter (matchesAccount acctq) $           -- clipping can leave accounts that no longer match the query, remove such
         nub $                                     -- clipping can leave duplicates (adjacent, hopefully)
         filter (not . T.null) $                   -- depth:0 can leave nulls
-        maybe id (map . clipAccountName) depth $  -- clip at depth if specified
+        map (clipAccountName depth) $  -- clip at depth if specified
         sortedaccts
 
   -- 4. print what remains as a list or tree, maybe applying --drop in the former case