diff --git a/CHANGELOG.md b/CHANGELOG.md
index 023c2ac..782dd2c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 0.1.13
+
+- Fix: Income record split value should be subtracted, not added, to the account balance
+
 ## 0.1.12
 
 - Added total amount in persons view
diff --git a/pyproject.toml b/pyproject.toml
index 53680ca..cc15867 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "Bagels"
-version = "0.1.12"
+version = "0.1.13"
 authors = [
     { name = "Jax", email = "enhancedjax@gmail.com" }
 ]
diff --git a/src/bagels/managers/accounts.py b/src/bagels/managers/accounts.py
index 797db5e..62ee6ca 100644
--- a/src/bagels/managers/accounts.py
+++ b/src/bagels/managers/accounts.py
@@ -31,7 +31,10 @@ def get_account_balance(accountId, session=None):
     try:
         # Initialize balance
         balance = (
-            session.query(Account).filter(Account.id == accountId).first().beginningBalance
+            session.query(Account)
+            .filter(Account.id == accountId)
+            .first()
+            .beginningBalance
         )
 
         # Get all records for this account
@@ -66,7 +69,10 @@ def get_account_balance(accountId, session=None):
         # Add paid splits (they represent money coming into this account)
         for split in splits:
             if split.isPaid:
-                balance += split.amount
+                if split.record.isIncome:
+                    balance -= split.amount
+                else:
+                    balance += split.amount
 
         return round(balance, 2)
     finally: