diff --git a/erpnext/stock/report/stock_balance/test_stock_balance.py b/erpnext/stock/report/stock_balance/test_stock_balance.py
new file mode 100644
index 0000000..52c48a0
--- /dev/null
+++ b/erpnext/stock/report/stock_balance/test_stock_balance.py
@@ -0,0 +1,77 @@
+from typing import Any, Dict
+
+import frappe
+from frappe import _dict
+from frappe.tests.utils import FrappeTestCase
+from frappe.utils import today
+
+from erpnext.stock.doctype.item.test_item import make_item
+from erpnext.stock.doctype.stock_entry.stock_entry_utils import make_stock_entry
+from erpnext.stock.report.stock_balance.stock_balance import execute
+
+
+def stock_balance(filters):
+	return list(map(_dict, execute(filters)[1]))
+
+
+class TestStockBalance(FrappeTestCase):
+	# ----------- utils
+
+	def setUp(self):
+		self.item = make_item()
+		self.filters = {
+			"company": "_Test Company",
+			"item_code": self.item.name,
+			"from_date": str(today()),
+			"to_date": str(today()),
+		}
+
+	def tearDown(self):
+		frappe.db.rollback()
+
+	def assertPartialDictionary(self, expected: Dict[str, Any], actual: Dict[str, Any]):
+		for k, v in expected.items():
+			self.assertEqual(v, actual[k], msg=f"{expected=}\n{actual=}")
+
+	def generate_stock_ledger(self, item_code: str, movements):
+
+		for movement in map(_dict, movements):
+			make_stock_entry(
+				item_code=item_code,
+				**movement,
+				to_warehouse=movement.to_warehouse or "_Test Warehouse - _TC",
+			)
+
+	def assertBasicInvariants(self, rows):
+		for row in rows:
+			msg = f"Invariants not met for {rows=}"
+			# qty invariant
+			self.assertAlmostEqual(row.bal_qty, row.opening_qty + row.in_qty - row.out_qty, msg)
+
+			# value invariant
+			self.assertAlmostEqual(row.bal_val, row.opening_val + row.in_val - row.out_val, msg)
+
+	# ----------- tests
+
+	def test_basic_stock_balance(self):
+		"""Check very basic functionality and item info"""
+		rows = stock_balance(self.filters)
+		self.assertEqual(rows, [])
+
+		self.generate_stock_ledger(self.item.name, [_dict(qty=5, rate=10)])
+
+		# check item info
+		rows = stock_balance(self.filters)
+		self.assertPartialDictionary(
+			{
+				"item_code": self.item.name,
+				"item_name": self.item.item_name,
+				"item_group": self.item.item_group,
+				"stock_uom": self.item.stock_uom,
+				"in_qty": 5,
+				"in_val": 50,
+				"val_rate": 10,
+			},
+			rows[0],
+		)
+		self.assertBasicInvariants(rows)