diff --git a/lib/Service/LocalProjectService.php b/lib/Service/LocalProjectService.php
index c7157fbea..31fe09361 100644
--- a/lib/Service/LocalProjectService.php
+++ b/lib/Service/LocalProjectService.php
@@ -339,7 +339,8 @@ public function getProjectInfo(string $projectId): array {
 				$activeMembers[] = $member;
 			}
 		}
-		$balance = $this->getBalance($dbProjectId);
+		// compute balances for past bills only
+		$balance = $this->getBalance($dbProjectId, time());
 		$currencies = $this->getCurrencies($dbProjectId);
 		$categories = $this->getCategoriesOrPaymentModes($dbProjectId);
 		$paymentModes = $this->getCategoriesOrPaymentModes($dbProjectId, false);
diff --git a/src/Settlement.vue b/src/Settlement.vue
index 5d252e13b..45d368b6b 100644
--- a/src/Settlement.vue
+++ b/src/Settlement.vue
@@ -149,7 +149,7 @@
 		</NcEmptyContent>
 
 		<h3>
-			{{ maxTs ? t('cospend', 'Balances on {date}', { date: formattedMaxDate }) : t('cospend', 'Balances') }}
+			{{ maxTs ? t('cospend', 'Balances on {date}', { date: formattedMaxDate }) : t('cospend', 'Global balances') }}
 		</h3>
 		<NcLoadingIcon v-if="loading" :size="24" />
 		<v-table v-else-if="balances"
diff --git a/src/components/CospendNavigation.vue b/src/components/CospendNavigation.vue
index 7a520071e..5926dab1e 100644
--- a/src/components/CospendNavigation.vue
+++ b/src/components/CospendNavigation.vue
@@ -68,7 +68,7 @@
 						:invitations="pendingInvitations"
 						@close="showPendingInvitations = false" />
 					<NcAppNavigationItem v-if="!pageIsPublic && showMyBalance && myBalance !== null"
-						:name="t('cospend', 'My balance')">
+						:name="t('cospend', 'My cumulated balance')">
 						<template #icon>
 							<ColoredAvatar :user="currentUserId" />
 						</template>
diff --git a/src/components/statistics/Statistics.vue b/src/components/statistics/Statistics.vue
index 351f37dac..96be7cb40 100644
--- a/src/components/statistics/Statistics.vue
+++ b/src/components/statistics/Statistics.vue
@@ -166,8 +166,9 @@
 					sort-key="filtered_balance">
 					{{ t('cospend', 'Filtered balance') }}
 				</v-th>
-				<v-th sort-key="balance">
-					{{ t('cospend', 'Balance') }}
+				<v-th sort-key="balance"
+					:title="t('cospend', 'This balance is computed from the complete bill list')">
+					{{ t('cospend', 'Global Balance') }}
 				</v-th>
 			</thead>
 			<tbody slot="body" slot-scope="{displayData}">
@@ -198,7 +199,8 @@
 						{{ selectedCurrencyName }}
 					</td>
 					<td :class="getBalanceClass(value.balance)"
-						:style="'border: 2px solid #' + myGetMemberColor(value.member.id) +';'">
+						:style="'border: 2px solid #' + myGetMemberColor(value.member.id) +';'"
+						:title="t('cospend', 'This balance is computed from the complete bill list')">
 						{{ value.balance.toFixed(2) }}
 						{{ selectedCurrencyName }}
 					</td>