diff --git a/BalanceCommand.hs b/BalanceCommand.hs
index b27341b75..85a085839 100644
--- a/BalanceCommand.hs
+++ b/BalanceCommand.hs
@@ -129,7 +129,7 @@ showBalanceReport opts args l = acctsstr ++ totalstr
             interestingaccts = filter (isInteresting opts l) acctnames
             acctnames = sort $ tail $ flatten $ treemap aname accttree
             accttree = ledgerAccountTree (depthFromOpts opts) l
-      totalstr | isZeroMixedAmount total = ""
+      totalstr | not (Empty `elem` opts) && isZeroMixedAmount total = ""
                | otherwise = printf "--------------------\n%s\n" $ padleft 20 $ showMixedAmount total
           where
             total = sum $ map abalance $ topAccounts l