diff --git a/app/Api/V2/Controllers/Model/Account/IndexController.php b/app/Api/V2/Controllers/Model/Account/IndexController.php
index 73008ebbd2..23e8c2fc0c 100644
--- a/app/Api/V2/Controllers/Model/Account/IndexController.php
+++ b/app/Api/V2/Controllers/Model/Account/IndexController.php
@@ -33,7 +33,7 @@ use Illuminate\Pagination\LengthAwarePaginator;
 
 class IndexController extends Controller
 {
-    public const string RESOURCE_KEY                  = 'accounts';
+    public const string RESOURCE_KEY = 'accounts';
 
     private AccountRepositoryInterface $repository;
     protected array                    $acceptedRoles = [UserRoleEnum::READ_ONLY, UserRoleEnum::MANAGE_TRANSACTIONS];
@@ -48,7 +48,7 @@ class IndexController extends Controller
             function ($request, $next) {
                 $this->repository = app(AccountRepositoryInterface::class);
                 // new way of user group validation
-                $userGroup        = $this->validateUserGroup($request);
+                $userGroup = $this->validateUserGroup($request);
                 $this->repository->setUserGroup($userGroup);
 
                 return $next($request);
@@ -63,23 +63,32 @@ class IndexController extends Controller
     public function index(IndexRequest $request): JsonResponse
     {
         $this->repository->resetAccountOrder();
-        $types       = $request->getAccountTypes();
-        $sorting     = $request->getSortInstructions('accounts');
-        $filters     = $request->getFilterInstructions('accounts');
-        $accounts    = $this->repository->getAccountsByType($types, $sorting, $filters);
-        $pageSize    = $this->parameters->get('limit');
-        $count       = $accounts->count();
-        $accounts    = $accounts->slice(($this->parameters->get('page') - 1) * $pageSize, $pageSize);
+        $types    = $request->getAccountTypes();
+        $sorting  = $request->getSortInstructions('accounts');
+        $filters  = $request->getFilterInstructions('accounts');
+        $accounts = $this->repository->getAccountsByType($types, $sorting, $filters);
+        $pageSize = $this->parameters->get('limit');
+        $count    = $accounts->count();
+
+        // depending on the sort parameters, this list must not be split, because the
+        // order is calculated in the account transformer and by that time it's too late.
+        $first = array_key_first($sorting);
+        $disablePagination = in_array($first, ['last_activity', 'balance_difference'], true);
+        if (!$disablePagination) {
+            $accounts = $accounts->slice(($this->parameters->get('page') - 1) * $pageSize, $pageSize);
+        }
         $paginator   = new LengthAwarePaginator($accounts, $count, $pageSize, $this->parameters->get('page'));
         $transformer = new AccountTransformer();
 
+        $this->parameters->set('disablePagination', $disablePagination);
+        $this->parameters->set('pageSize', $pageSize);
         $this->parameters->set('sort', $sorting);
+
         $this->parameters->set('filters', $filters);
         $transformer->setParameters($this->parameters); // give params to transformer
 
         return response()
             ->json($this->jsonApiList('accounts', $paginator, $transformer))
-            ->header('Content-Type', self::CONTENT_TYPE)
-        ;
+            ->header('Content-Type', self::CONTENT_TYPE);
     }
 }
diff --git a/app/Transformers/V2/AccountTransformer.php b/app/Transformers/V2/AccountTransformer.php
index d51da4da3b..db5f2065c5 100644
--- a/app/Transformers/V2/AccountTransformer.php
+++ b/app/Transformers/V2/AccountTransformer.php
@@ -63,6 +63,10 @@ class AccountTransformer extends AbstractTransformer
         $this->convertedBalances  = [];
         $this->balanceDifferences = [];
 
+        // first collect all the "heavy" stuff that relies on ALL data to be present.
+        // get last activity:
+        $this->getLastActivity($objects);
+
         // get balances of all accounts
         $this->getMetaBalances($objects);
 
@@ -75,17 +79,21 @@ class AccountTransformer extends AbstractTransformer
         // get account types:
         $this->collectAccountTypes($objects);
 
-        // get last activity:
-        $this->getLastActivity($objects);
-
         // add balance difference
         if (null !== $this->parameters->get('start') && null !== $this->parameters->get('end')) {
             $this->getBalanceDifference($objects, $this->parameters->get('start'), $this->parameters->get('end'));
         }
 
-        // get object groups"
+        // get object groups
         $this->getObjectGroups($objects);
 
+        // if pagination is disabled, do it now:
+        if(true === $this->parameters->get('disablePagination')) {
+            $page = (int) $this->parameters->get('page');
+            $size = (int) $this->parameters->get('pageSize');
+            $objects = $objects->slice(($page-1) * $size, $size);
+        }
+
         return $this->sortAccounts($objects);
     }
 
diff --git a/resources/lang/en_US/email.php b/resources/lang/en_US/email.php
index 05ee4907db..7c0ef0d32e 100644
--- a/resources/lang/en_US/email.php
+++ b/resources/lang/en_US/email.php
@@ -111,7 +111,7 @@ return [
     'error_ip'                                => 'The IP address related to this error is: :ip',
     'error_url'                               => 'URL is: :url',
     'error_user_agent'                        => 'User agent: :userAgent',
-    'error_stacktrace'                        => 'The full stacktrace is below. If you think this is a bug in Firefly III, you can forward this message to <a href="mailto:james@firefly-iii.org?subject=BUG!">james@firefly-iii.org</a>. This can help fix the bug you just encountered.',
+    'error_stacktrace'                        => 'The full stacktrace is below. If you think this is a bug in Firefly III, you can forward this message to <a href="mailto:james@firefly-iii.org?subject=I%20found%20a%20bug!">james@firefly-iii.org</a>. This can help fix the bug you just encountered.',
     'error_github_html'                       => 'If you prefer, you can also open a new issue on <a href="https://github.com/firefly-iii/firefly-iii/issues">GitHub</a>.',
     'error_github_text'                       => 'If you prefer, you can also open a new issue on https://github.com/firefly-iii/firefly-iii/issues.',
     'error_stacktrace_below'                  => 'The full stacktrace is below:',