diff --git a/erpnext/accounts/report/financial_statements.py b/erpnext/accounts/report/financial_statements.py
index db733dd1e10..09cf5b1d2fc 100644
--- a/erpnext/accounts/report/financial_statements.py
+++ b/erpnext/accounts/report/financial_statements.py
@@ -213,7 +213,7 @@ def prepare_data(accounts, balance_must_be, period_list, company_currency):
 		total = 0
 		row = frappe._dict({
 			"account": _(d.name),
-			"parent_account": _(d.parent_account),
+			"parent_account": _(d.parent_account) if d.parent_account else '',
 			"indent": flt(d.indent),
 			"year_start_date": year_start_date,
 			"year_end_date": year_end_date,