diff --git a/erpnext/stock/report/stock_balance/stock_balance.js b/erpnext/stock/report/stock_balance/stock_balance.js
index 6de5f00ece..fe6e83edda 100644
--- a/erpnext/stock/report/stock_balance/stock_balance.js
+++ b/erpnext/stock/report/stock_balance/stock_balance.js
@@ -99,7 +99,7 @@ frappe.query_reports["Stock Balance"] = {
 			"fieldname": 'ignore_closing_balance',
 			"label": __('Ignore Closing Balance'),
 			"fieldtype": 'Check',
-			"default": 1
+			"default": 0
 		},
 	],