diff --git a/erpnext/stock/report/stock_balance/stock_balance.js b/erpnext/stock/report/stock_balance/stock_balance.js
index 0d68caa7e09..a8b2bd1d782 100644
--- a/erpnext/stock/report/stock_balance/stock_balance.js
+++ b/erpnext/stock/report/stock_balance/stock_balance.js
@@ -36,38 +36,37 @@ frappe.query_reports["Stock Balance"] = {
 		},
 		{
 			fieldname: "item_code",
-			label: __("Item"),
-			fieldtype: "Link",
+			label: __("Items"),
+			fieldtype: "MultiSelectList",
 			width: "80",
 			options: "Item",
-			get_query: function () {
+			get_data: function (txt) {
 				let item_group = frappe.query_report.get_filter_value("item_group");
 
-				return {
-					query: "erpnext.controllers.queries.item_query",
-					filters: {
-						...(item_group && { item_group }),
-						is_stock_item: 1,
-					},
+				let filters = {
+					...(item_group && { item_group }),
+					is_stock_item: 1,
 				};
+
+				return frappe.db.get_link_options("Item", txt, filters);
 			},
 		},
 		{
 			fieldname: "warehouse",
-			label: __("Warehouse"),
-			fieldtype: "Link",
+			label: __("Warehouses"),
+			fieldtype: "MultiSelectList",
 			width: "80",
 			options: "Warehouse",
-			get_query: () => {
+			get_data: (txt) => {
 				let warehouse_type = frappe.query_report.get_filter_value("warehouse_type");
 				let company = frappe.query_report.get_filter_value("company");
 
-				return {
-					filters: {
-						...(warehouse_type && { warehouse_type }),
-						...(company && { company }),
-					},
+				let filters = {
+					...(warehouse_type && { warehouse_type }),
+					...(company && { company }),
 				};
+
+				return frappe.db.get_link_options("Warehouse", txt, filters);
 			},
 		},
 		{
diff --git a/erpnext/stock/report/stock_balance/stock_balance.py b/erpnext/stock/report/stock_balance/stock_balance.py
index b6587cd7b37..05a35d64520 100644
--- a/erpnext/stock/report/stock_balance/stock_balance.py
+++ b/erpnext/stock/report/stock_balance/stock_balance.py
@@ -11,6 +11,7 @@ from frappe.query_builder import Order
 from frappe.query_builder.functions import Coalesce
 from frappe.utils import add_days, cint, date_diff, flt, getdate
 from frappe.utils.nestedset import get_descendants_of
+from pypika.terms import ExistsCriterion
 
 import erpnext
 from erpnext.stock.doctype.inventory_dimension.inventory_dimension import get_inventory_dimensions
@@ -24,8 +25,8 @@ class StockBalanceFilter(TypedDict):
 	from_date: str
 	to_date: str
 	item_group: str | None
-	item: str | None
-	warehouse: str | None
+	item: list[str] | None
+	warehouse: list[str] | None
 	warehouse_type: str | None
 	include_uom: str | None  # include extra info in converted UOM
 	show_stock_ageing_data: bool
@@ -345,8 +346,29 @@ class StockBalanceReport:
 	def apply_warehouse_filters(self, query, sle) -> str:
 		warehouse_table = frappe.qb.DocType("Warehouse")
 
-		if self.filters.get("warehouse"):
-			query = apply_warehouse_filter(query, sle, self.filters)
+		if warehouses := self.filters.get("warehouse"):
+			warehouse_range = frappe.get_all(
+				"Warehouse",
+				filters={
+					"name": ("in", warehouses),
+				},
+				fields=["lft", "rgt"],
+				as_list=True,
+			)
+
+			child_query = frappe.qb.from_(warehouse_table).select(warehouse_table.name)
+
+			range_conditions = [
+				(warehouse_table.lft >= lft) & (warehouse_table.rgt <= rgt) for lft, rgt in warehouse_range
+			]
+
+			combined_condition = range_conditions[0]
+			for condition in range_conditions[1:]:
+				combined_condition = combined_condition | condition
+
+			child_query = child_query.where(combined_condition & (warehouse_table.name == sle.warehouse))
+			query = query.where(ExistsCriterion(child_query))
+
 		elif warehouse_type := self.filters.get("warehouse_type"):
 			query = (
 				query.join(warehouse_table)
@@ -361,13 +383,11 @@ class StockBalanceReport:
 			children = get_descendants_of("Item Group", item_group, ignore_permissions=True)
 			query = query.where(item_table.item_group.isin([*children, item_group]))
 
-		for field in ["item_code", "brand"]:
-			if not self.filters.get(field):
-				continue
-			elif field == "item_code":
-				query = query.where(item_table.name == self.filters.get(field))
-			else:
-				query = query.where(item_table[field] == self.filters.get(field))
+		if item_codes := self.filters.get("item_code"):
+			query = query.where(item_table.name.isin(item_codes))
+
+		if brand := self.filters.get("brand"):
+			query = query.where(item_table.brand == brand)
 
 		return query