diff --git a/stock/stock_ledger.py b/stock/stock_ledger.py
index f0619c7384d..0e8a341a4cd 100644
--- a/stock/stock_ledger.py
+++ b/stock/stock_ledger.py
@@ -10,7 +10,9 @@ import json
 # future reposting
 class NegativeStockError(webnotes.ValidationError): pass
 
-_exceptions = []
+_exceptions = webnotes.local('stockledger_exceptions')
+
+# _exceptions = []
 def update_entries_after(args, verbose=1):
 	"""
 		update valution rate and qty after transaction 
@@ -23,8 +25,8 @@ def update_entries_after(args, verbose=1):
 			"posting_time": "12:00"
 		}
 	"""
-	global _exceptions
-	_exceptions = []
+	if not _exceptions:
+		webnotes.local.stockledger_exceptions = []
 	
 	previous_sle = get_sle_before_datetime(args)
 	
@@ -140,10 +142,12 @@ def validate_negative_stock(qty_after_transaction, sle):
 		will not consider cancelled entries
 	"""
 	diff = qty_after_transaction + flt(sle.actual_qty)
+
+	if not _exceptions:
+		webnotes.local.stockledger_exceptions = []
 	
 	if diff < 0 and abs(diff) > 0.0001:
 		# negative stock!
-		global _exceptions
 		exc = sle.copy().update({"diff": diff})
 		_exceptions.append(exc)
 		return False
@@ -277,4 +281,4 @@ def get_previous_sle(args, for_update=False):
 	sle = get_stock_ledger_entries(args, ["name != %(sle)s",
 		"timestamp(posting_date, posting_time) <= timestamp(%(posting_date)s, %(posting_time)s)"],
 		"desc", "limit 1", for_update=for_update)
-	return sle and sle[0] or {}
\ No newline at end of file
+	return sle and sle[0] or {}