diff --git a/BalanceCommand.hs b/BalanceCommand.hs
index 2adde5206..758968ec5 100644
--- a/BalanceCommand.hs
+++ b/BalanceCommand.hs
@@ -122,16 +122,16 @@ showBalanceReport :: [Opt] -> [String] -> Ledger -> String
 showBalanceReport opts args l = acctsstr ++ totalstr
     where 
       acctsstr = concatMap (showAccountTreeWithBalances acctnamestoshow) $ subs treetoshow
-      totalstr = if isZeroAmount total 
+      totalstr = if isZeroMixedAmount total 
                  then "" 
-                 else printf "--------------------\n%20s\n" $ showAmount total
+                 else printf "--------------------\n%20s\n" $ showMixedAmount total
       showingsubs = ShowSubs `elem` opts
       pats@(apats,dpats) = parseAccountDescriptionArgs args
       maxdepth = if null args && not showingsubs then 1 else 9999
       acctstoshow = balancereportaccts showingsubs apats l
       acctnamestoshow = map aname acctstoshow
       treetoshow = pruneZeroBalanceLeaves $ pruneUnmatchedAccounts $ treeprune maxdepth $ ledgerAccountTree 9999 l
-      total = sumAmounts $ map abalance $ nonredundantaccts
+      total = sumMixedAmounts $ map abalance $ nonredundantaccts
       nonredundantaccts = filter (not . hasparentshowing) acctstoshow
       hasparentshowing a = (parentAccountName $ aname a) `elem` acctnamestoshow
 
@@ -158,7 +158,7 @@ showBalanceReport opts args l = acctsstr ++ totalstr
 
       -- remove zero-balance leaf accounts (recursively)
       pruneZeroBalanceLeaves :: Tree Account -> Tree Account
-      pruneZeroBalanceLeaves = treefilter (not . isZeroAmount . abalance)
+      pruneZeroBalanceLeaves = treefilter (not . isZeroMixedAmount . abalance)
 
 -- | Show a tree of accounts with balances, for the balance report,
 -- eliding boring parent accounts. Requires a list of the account names we
@@ -176,7 +176,7 @@ showAccountTreeWithBalances matchednames =
             subswithprefix = showsubs indent (prefix++leafname++":")
             showsubs i p = concatMap (showAccountTreeWithBalances' matchednames i p) subs
             this = showbal ++ spaces ++ prefix ++ leafname ++ "\n"
-            showbal = printf "%20s" $ show bal
+            showbal = printf "%20s" $ showMixedAmount bal
             spaces = "  " ++ replicate (indent * 2) ' '
             leafname = accountLeafName fullname
             isboringparent = numsubs >= 1 && (bal == subbal || not matched)
diff --git a/Ledger/Account.hs b/Ledger/Account.hs
index 113af60a7..3e78a49be 100644
--- a/Ledger/Account.hs
+++ b/Ledger/Account.hs
@@ -14,7 +14,7 @@ import Ledger.Amount
 
 
 instance Show Account where
-    show (Account a ts b) = printf "Account %s with %d txns and %s balance" a (length ts) (show b)
+    show (Account a ts b) = printf "Account %s with %d txns and %s balance" a (length ts) (showMixedAmount b)
 
-nullacct = Account "" [] nullamt
+nullacct = Account "" [] []
 
diff --git a/Ledger/Amount.hs b/Ledger/Amount.hs
index 8f47c4314..7997df838 100644
--- a/Ledger/Amount.hs
+++ b/Ledger/Amount.hs
@@ -38,13 +38,31 @@ examples:
 
 module Ledger.Amount
 where
+import qualified Data.Map as Map
 import Ledger.Utils
 import Ledger.Types
 import Ledger.Commodity
 
 
 instance Show Amount where show = showAmount
+-- instance Show MixedAmount where show = showMixedAmount
 
+showMixedAmount :: MixedAmount -> String
+showMixedAmount as = concat $ intersperse ", " $ map show $ normaliseMixedAmount as
+
+normaliseMixedAmount :: MixedAmount -> MixedAmount
+normaliseMixedAmount as = map sumAmounts $ groupAmountsByCommodity as
+
+groupAmountsByCommodity :: [Amount] -> [[Amount]]
+groupAmountsByCommodity as = grouped
+    where
+      grouped = [filter (hassymbol s) as | s <- symbols]
+      hassymbol s a = s == (symbol $ commodity a)
+      symbols = sort $ nub $ map (symbol . commodity) as
+
+-- samecommoditysymbol Amount{commodity=c1} Amount{commodity=c2} = samesymbol c1 c2
+-- samesymbol Commodity{symbol=s1} Commodity{symbol=s2} = s1==s2
+      
 -- | Get the string representation of an amount, based on its commodity's
 -- display settings.
 showAmount :: Amount -> String
@@ -78,6 +96,9 @@ isZeroAmount :: Amount -> Bool
 isZeroAmount a@(Amount c _ ) = nonzerodigits == ""
     where nonzerodigits = filter (`elem` "123456789") $ showAmount a
 
+isZeroMixedAmount :: MixedAmount -> Bool
+isZeroMixedAmount = all isZeroAmount . normaliseMixedAmount
+
 instance Num Amount where
     abs (Amount c q) = Amount c (abs q)
     signum (Amount c q) = Amount c (signum q)
@@ -104,6 +125,9 @@ convertAmountTo c2 (Amount c1 q) = Amount c2 (q * conversionRate c1 c2)
 sumAmounts :: [Amount] -> Amount
 sumAmounts = sum . filter (not . isZeroAmount)
 
+sumMixedAmounts :: [MixedAmount] -> MixedAmount
+sumMixedAmounts = concat
+
 nullamt = Amount (comm "") 0
 
 -- temporary value for partial entries
diff --git a/Ledger/Ledger.hs b/Ledger/Ledger.hs
index d73da71ad..2291c0b65 100644
--- a/Ledger/Ledger.hs
+++ b/Ledger/Ledger.hs
@@ -43,8 +43,8 @@ cacheLedger l =
         subacctsof a = filter (a `isAccountNamePrefixOf`) anames
         subtxnsof a = concat [txnsof a | a <- [a] ++ subacctsof a]
         balmap = Map.union 
-               (Map.fromList [(a, (sumTransactions $ subtxnsof a)) | a <- anames])
-               (Map.fromList [(a,nullamt) | a <- anames])
+               (Map.fromList [(a,(sumTransactions $ subtxnsof a)) | a <- anames])
+               (Map.fromList [(a,[]) | a <- anames])
         amap = Map.fromList [(a, Account a (txnmap ! a) (balmap ! a)) | a <- anames]
     in
       Ledger l ant amap
diff --git a/Ledger/Transaction.hs b/Ledger/Transaction.hs
index 55bee7c08..2a2effb67 100644
--- a/Ledger/Transaction.hs
+++ b/Ledger/Transaction.hs
@@ -29,7 +29,8 @@ flattenEntry (Entry d _ _ desc _ ts _, e) =
 accountNamesFromTransactions :: [Transaction] -> [AccountName]
 accountNamesFromTransactions ts = nub $ map account ts
 
-sumTransactions :: [Transaction] -> Amount
-sumTransactions = sum . map amount
+sumTransactions :: [Transaction] -> MixedAmount
+-- sumTransactions = sum . map amount
+sumTransactions = map amount
 
 nulltxn = Transaction 0 "" "" "" nullamt RegularTransaction
diff --git a/Ledger/Types.hs b/Ledger/Types.hs
index 722441236..2ab131cb8 100644
--- a/Ledger/Types.hs
+++ b/Ledger/Types.hs
@@ -97,7 +97,7 @@ data Transaction = Transaction {
 data Account = Account {
       aname :: AccountName,
       atransactions :: [Transaction],
-      abalance :: Amount
+      abalance :: MixedAmount
     }
 
 data Ledger = Ledger {