A balance is a calculated value, and when you check the balance of one of your accounts in the Accounts Summary report, Search Transactions report, and Search Account Balances report, the balance amounts can be different. This is because each of these reports display a different set of transactions so the calculation may produce a different result.

This report displays only the income and expenditure for the current period and the balance of those transactions. 

Transfer values can be included or excluded from this report. 

By default they are excluded. 

If you choose to Include transfers, their values will be added to the receipts and payments totals.

If you select a single account this report will display the same values and balances as the Accounts Summary report.

However in the Search Transactions report, the transfer values are included by default. 

On the Search Transactions report, the transfer values are specifically identified as transfers and are NOT added to the receipts and payments totals.

This report is the most comprehensive.

For each account it includes an Opening Balance, Transfers In, Transfers Out, Income, Expenditure, and a Balance.