diff --git a/erpnext/stock/doctype/stock_ledger_entry/test_stock_ledger_entry.py b/erpnext/stock/doctype/stock_ledger_entry/test_stock_ledger_entry.py
index 74775b98e39..ba906261159 100644
--- a/erpnext/stock/doctype/stock_ledger_entry/test_stock_ledger_entry.py
+++ b/erpnext/stock/doctype/stock_ledger_entry/test_stock_ledger_entry.py
@@ -683,6 +683,102 @@ class TestStockLedgerEntry(FrappeTestCase):
 		# original amount
 		self.assertEqual(50, _get_stock_credit(final_consumption))
 
+<<<<<<< HEAD
+=======
+	def test_tie_breaking(self):
+		frappe.flags.dont_execute_stock_reposts = True
+		self.addCleanup(frappe.flags.pop, "dont_execute_stock_reposts")
+
+		item = make_item().name
+		warehouse = "_Test Warehouse - _TC"
+
+		posting_date = "2022-01-01"
+		posting_time = "00:00:01"
+		sle = frappe.qb.DocType("Stock Ledger Entry")
+
+		def ordered_qty_after_transaction():
+			return (
+				frappe.qb.from_(sle)
+				.select("qty_after_transaction")
+				.where((sle.item_code == item) & (sle.warehouse == warehouse) & (sle.is_cancelled == 0))
+				.orderby(CombineDatetime(sle.posting_date, sle.posting_time))
+				.orderby(sle.creation)
+			).run(pluck=True)
+
+		first = make_stock_entry(
+			item_code=item,
+			to_warehouse=warehouse,
+			qty=10,
+			posting_time=posting_time,
+			posting_date=posting_date,
+			do_not_submit=True,
+		)
+		second = make_stock_entry(
+			item_code=item,
+			to_warehouse=warehouse,
+			qty=1,
+			posting_date=posting_date,
+			posting_time=posting_time,
+			do_not_submit=True,
+		)
+
+		first.submit()
+		second.submit()
+
+		self.assertEqual([10, 11], ordered_qty_after_transaction())
+
+		first.cancel()
+		self.assertEqual([1], ordered_qty_after_transaction())
+
+		backdated = make_stock_entry(
+			item_code=item,
+			to_warehouse=warehouse,
+			qty=1,
+			posting_date="2021-01-01",
+			posting_time=posting_time,
+		)
+		self.assertEqual([1, 2], ordered_qty_after_transaction())
+
+		backdated.cancel()
+		self.assertEqual([1], ordered_qty_after_transaction())
+
+	def test_timestamp_clash(self):
+
+		item = make_item().name
+		warehouse = "_Test Warehouse - _TC"
+
+		reciept = make_stock_entry(
+			item_code=item,
+			to_warehouse=warehouse,
+			qty=100,
+			rate=10,
+			posting_date="2021-01-01",
+			posting_time="01:00:00",
+		)
+
+		consumption = make_stock_entry(
+			item_code=item,
+			from_warehouse=warehouse,
+			qty=50,
+			posting_date="2021-01-01",
+			posting_time="02:00:00.1234",  # ms are possible when submitted without editing posting time
+		)
+
+		backdated_receipt = make_stock_entry(
+			item_code=item,
+			to_warehouse=warehouse,
+			qty=100,
+			posting_date="2021-01-01",
+			rate=10,
+			posting_time="02:00:00",  # same posting time as consumption but ms part stripped
+		)
+
+		try:
+			backdated_receipt.cancel()
+		except Exception as e:
+			self.fail("Double processing of qty for clashing timestamp.")
+
+>>>>>>> 7c839c4503 (fix: double future qty updates)
 
 def create_repack_entry(**args):
 	args = frappe._dict(args)
diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index d2c10018ba5..c3f9561a1cc 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -1241,6 +1241,8 @@ def update_qty_in_future_sle(args, allow_negative_stock=False):
 	datetime_limit_condition = ""
 	qty_shift = args.actual_qty
 
+	args["time_format"] = "%H:%i:%s"
+
 	# find difference/shift in qty caused by stock reconciliation
 	if args.voucher_type == "Stock Reconciliation":
 		qty_shift = get_stock_reco_qty_shift(args)
@@ -1261,12 +1263,8 @@ def update_qty_in_future_sle(args, allow_negative_stock=False):
 			and warehouse = %(warehouse)s
 			and voucher_no != %(voucher_no)s
 			and is_cancelled = 0
-			and (timestamp(posting_date, posting_time) > timestamp(%(posting_date)s, %(posting_time)s)
-				or (
-					timestamp(posting_date, posting_time) = timestamp(%(posting_date)s, %(posting_time)s)
-					and creation > %(creation)s
-				)
-			)
+			and timestamp(posting_date, time_format(posting_time, %(time_format)s))
+				> timestamp(%(posting_date)s, time_format(%(posting_time)s, %(time_format)s))
 		{datetime_limit_condition}
 		""".format(
 			qty_shift=qty_shift, datetime_limit_condition=datetime_limit_condition