diff --git a/conservancy_beancount/reports/accrual.py b/conservancy_beancount/reports/accrual.py
index 3bd3d8b58308f24a883259adebf694680f091e43..57a21bb74bdee76800abc4704f407a6f63c467a4 100644
--- a/conservancy_beancount/reports/accrual.py
+++ b/conservancy_beancount/reports/accrual.py
@@ -480,7 +480,11 @@ class AgingReport(BaseReport):
         self.ods = AgingODS(rt_client, date, self.logger)
 
     def run(self, groups: PostGroups) -> None:
-        rows = list(group for group in groups.values() if not group.is_zero())
+        rows = list(
+            group.since_last_nonzero()
+            for group in groups.values()
+            if not group.is_zero()
+        )
         rows.sort(key=lambda related: (
             related.account,
             related[0].meta.date,
diff --git a/setup.py b/setup.py
index eec26a084d2ca2e8edfc828bc0bfb782206bc1b5..2ce37829f20cbf39b9965d39a8ceb6ce929bb1dc 100755
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ from setuptools import setup
 setup(
     name='conservancy_beancount',
     description="Plugin, library, and reports for reading Conservancy's books",
-    version='1.1.4',
+    version='1.1.5',
     author='Software Freedom Conservancy',
     author_email='info@sfconservancy.org',
     license='GNU AGPLv3+',
diff --git a/tests/books/accruals.beancount b/tests/books/accruals.beancount
index 14ad6b46ddc45d93a5338d5d212de666559e7062..e49d0393141444dcd98626bb3991fa97082dc82c 100644
--- a/tests/books/accruals.beancount
+++ b/tests/books/accruals.beancount
@@ -24,6 +24,18 @@
   Liabilities:Payable:Accounts  125 USD
   Assets:Checking  -125 USD
 
+2010-03-15 * "GrantCo" "2010Q1 grant"
+  rt-id: "rt:470"
+  invoice: "rt:470/4700"
+  Assets:Receivable:Accounts  5000 USD
+  Income:Donations           -5000 USD
+
+2010-03-25 * "GrantCo" "2010Q1 grant ACH payment"
+  rt-id: "rt:470"
+  invoice: "rt:470/4700"
+  Assets:Receivable:Accounts  -5000 USD
+  Assets:Checking              5000 USD
+
 2010-03-30 * "EarlyBird" "Travel reimbursement"
   rt-id: "rt:490"
   invoice: "rt:490/4900"
@@ -115,3 +127,9 @@
   contract: "rt:520/5220"
   Liabilities:Payable:Accounts  -1,000 EUR {1.100 USD}
   Expenses:FilingFees  1,000 EUR {1.100 USD}
+
+2010-06-15 * "GrantCo" "2010Q2 grant"
+  rt-id: "rt:470"
+  invoice: "rt:470/4700"
+  Assets:Receivable:Accounts  5500 USD
+  Income:Donations           -5500 USD
diff --git a/tests/test_reports_accrual.py b/tests/test_reports_accrual.py
index 5ae73db255d8487f0413b72cf98ec94cb92e7275..1ab79019b83710686e906784561a87be8fc9e9f6 100644
--- a/tests/test_reports_accrual.py
+++ b/tests/test_reports_accrual.py
@@ -118,6 +118,7 @@ AGING_AR = [
     AgingRow.make_simple('2010-03-05', 'EarlyBird', -500, 'rt:40/400'),
     AgingRow.make_simple('2010-05-15', 'MatchingProgram', 1500,
                          'rt://ticket/515/attachments/5150'),
+    AgingRow.make_simple('2010-06-15', 'GrantCo', 5500, 'rt:470/4700'),
 ]
 
 class RTClient(testutil.RTClient):