diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index 2f64eddb300..272195e2a68 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -728,6 +728,8 @@ class update_entries_after(object):
 				self.update_rate_on_purchase_receipt(sle, outgoing_rate)
 			elif flt(sle.actual_qty) < 0 and sle.voucher_type == "Subcontracting Receipt":
 				self.update_rate_on_subcontracting_receipt(sle, outgoing_rate)
+		elif sle.voucher_type == "Stock Reconciliation":
+			self.update_rate_on_stock_reconciliation(sle)
 
 	def update_rate_on_stock_entry(self, sle, outgoing_rate):
 		frappe.db.set_value("Stock Entry Detail", sle.voucher_detail_no, "basic_rate", outgoing_rate)
@@ -795,6 +797,38 @@ class update_entries_after(object):
 		for d in scr.items:
 			d.db_update()
 
+	def update_rate_on_stock_reconciliation(self, sle):
+		if not sle.serial_no and not sle.batch_no:
+			sr = frappe.get_doc("Stock Reconciliation", sle.voucher_no, for_update=True)
+
+			for item in sr.items:
+				# Skip for Serial and Batch Items
+				if item.serial_no or item.batch_no:
+					continue
+
+				previous_sle = get_previous_sle(
+					{
+						"item_code": item.item_code,
+						"warehouse": item.warehouse,
+						"posting_date": sr.posting_date,
+						"posting_time": sr.posting_time,
+						"sle": sle.name,
+					}
+				)
+
+				item.current_qty = previous_sle.get("qty_after_transaction") or 0.0
+				item.current_valuation_rate = previous_sle.get("valuation_rate") or 0.0
+				item.current_amount = flt(item.current_qty) * flt(item.current_valuation_rate)
+
+				item.amount = flt(item.qty) * flt(item.valuation_rate)
+				item.amount_difference = item.amount - item.current_amount
+			else:
+				sr.difference_amount = sum([item.amount_difference for item in sr.items])
+			sr.db_update()
+
+			for item in sr.items:
+				item.db_update()
+
 	def get_serialized_values(self, sle):
 		incoming_rate = flt(sle.incoming_rate)
 		actual_qty = flt(sle.actual_qty)