The Atlantic meridional overturning circulation (AMOC) has a notable seasonal component. This influences the jet stream and the location, frequency, and intensity of extreme weather events. Understanding this seasonality is important for mitigating the impacts of AMOC changes on European weather and climate. Here, we place meridional overturning and fluxes in a coherent framework. This framework highlights the integral relationship between meridional overturning circulation and property transports, both being functions purely of the overturning streamfunction Ψ. Using this framework, we examine the seasonality observed in overturning and density, temperature, and freshwater fluxes at the Overturning in the Subpolar North Atlantic Program (OSNAP) line in the subpolar North Atlantic. We find the seasonal cycle of the MOC metric (the standard measure of overturning, defined as the maximum of the overturning streamfunction) to be dominated by Ekman transports and the large-scale seasonal cycle of surface density; heat flux to be dominated by barotropic velocity variability; the seasonal cycle of freshwater flux to be dominated by a combination of barotropic velocities and the salinity in the western boundary current; and density flux to reflect a broad range of characteristics and processes. We show that the MOC metric is a poor predictor, on seasonal timescales, of either density fluxes or the more societally relevant ocean heat and freshwater transports. This is due to each of these metrics responding to different physical processes. The MOC metric, on seasonal timescales at least, has very high sensitivity to near-surface physical characteristics in a limited geographical area. These characteristics are not necessarily reflective of the fundamental processes driving overturning. Therefore, we suggest caution in the use of the standard MOC metric when studying overturning and the routine use of the density flux as a valuable additional overturning metric.