diff --git a/hledger/Hledger/Cli/Commands/Balance.md b/hledger/Hledger/Cli/Commands/Balance.md
index c6b621a4d..559e9efb9 100644
--- a/hledger/Hledger/Cli/Commands/Balance.md
+++ b/hledger/Hledger/Cli/Commands/Balance.md
@@ -308,15 +308,13 @@ Balance changes in 2008:
 (Average is rounded to the dollar here since all journal amounts are)
 ```
 
-Limitations:
-
-In multicolumn reports the [`-V/--value` flag](#market-value) uses the
-market price on the report end date, for all columns (not the price on
-each column's end date).
-
-Eliding of boring parent accounts in tree mode, as in the classic
-balance report, is not yet supported in multicolumn reports.
+A limitation of multicolumn balance reports: eliding of boring parent
+accounts in tree mode, as in the classic balance report, is not yet
+supported.
 
+The `--transpose` flag can be used to exchange the rows and columns of
+a multicolumn report.
+     
 ### Budget report
 
 With `--budget`, extra columns are displayed showing budget goals for each account and period, if any.