diff --git a/hledger/Hledger/Cli/Commands/Balance.md b/hledger/Hledger/Cli/Commands/Balance.md
index 606751177..08fb4b1c0 100644
--- a/hledger/Hledger/Cli/Commands/Balance.md
+++ b/hledger/Hledger/Cli/Commands/Balance.md
@@ -65,7 +65,7 @@ Many of these work with the higher-level commands as well.
 - rows and columns swapped ([`--transpose`](#multi-period-balance-report))
 - another field used as account name ([`--pivot`](#multi-period-balance-report))
 - custom-formatted line items (single-period reports only) ([`--format`](#customising-single-period-balance-reports))
-- commodities displayed on the same line or multiple lines ([`--layout`](#layout))
+- commodities displayed on the same line or multiple lines ([`--layout`](#commodity-layout))
 
 This command supports the
 [output destination](#output-destination) and