diff --git a/erpnext/accounts/doctype/account/test_account.py b/erpnext/accounts/doctype/account/test_account.py
index 79b249fd1af1a848de2fd6b007278873ac8c7da9..cd10f646d10c76203bd8abf7dc22c1861d5cd60b 100644
--- a/erpnext/accounts/doctype/account/test_account.py
+++ b/erpnext/accounts/doctype/account/test_account.py
@@ -4,6 +4,7 @@
 import frappe
 from frappe.test_runner import make_test_records
 from frappe.tests.utils import FrappeTestCase
+from frappe.utils import nowdate
 
 from erpnext.accounts.doctype.account.account import (
 	InvalidAccountMergeError,
@@ -321,6 +322,19 @@ class TestAccount(FrappeTestCase):
 		acc.account_currency = "USD"
 		self.assertRaises(frappe.ValidationError, acc.save)
 
+	def test_account_balance(self):
+		from erpnext.accounts.utils import get_balance_on
+
+		if not frappe.db.exists("Account", "Test Percent Account %5 - _TC"):
+			acc = frappe.new_doc("Account")
+			acc.account_name = "Test Percent Account %5"
+			acc.parent_account = "Tax Assets - _TC"
+			acc.company = "_Test Company"
+			acc.insert()
+
+		balance = get_balance_on(account="Test Percent Account %5 - _TC", date=nowdate())
+		self.assertEqual(balance, 0)
+
 
 def _make_test_records(verbose=None):
 	from frappe.test_runner import make_test_objects
diff --git a/erpnext/accounts/utils.py b/erpnext/accounts/utils.py
index fbb4917c4ce71e85e0c0df80938acf0a06fef604..58c2d3073b04eb05a359d58347da2787895e04bc 100644
--- a/erpnext/accounts/utils.py
+++ b/erpnext/accounts/utils.py
@@ -243,7 +243,7 @@ def get_balance_on(
 			)
 
 		else:
-			cond.append("""gle.cost_center = %s """ % (frappe.db.escape(cost_center, percent=False),))
+			cond.append("""gle.cost_center = %s """ % (frappe.db.escape(cost_center),))
 
 	if account:
 		if not (frappe.flags.ignore_account_permission or ignore_account_permission):
@@ -264,7 +264,7 @@ def get_balance_on(
 			if acc.account_currency == frappe.get_cached_value("Company", acc.company, "default_currency"):
 				in_account_currency = False
 		else:
-			cond.append("""gle.account = %s """ % (frappe.db.escape(account, percent=False),))
+			cond.append("""gle.account = %s """ % (frappe.db.escape(account),))
 
 	if account_type:
 		accounts = frappe.db.get_all(
@@ -284,11 +284,11 @@ def get_balance_on(
 	if party_type and party:
 		cond.append(
 			"""gle.party_type = %s and gle.party = %s """
-			% (frappe.db.escape(party_type), frappe.db.escape(party, percent=False))
+			% (frappe.db.escape(party_type), frappe.db.escape(party))
 		)
 
 	if company:
-		cond.append("""gle.company = %s """ % (frappe.db.escape(company, percent=False)))
+		cond.append("""gle.company = %s """ % (frappe.db.escape(company)))
 
 	if account or (party_type and party) or account_type:
 		precision = get_currency_precision()
@@ -354,7 +354,7 @@ def get_count_on(account, fieldname, date):
 				% (acc.lft, acc.rgt)
 			)
 		else:
-			cond.append("""gle.account = %s """ % (frappe.db.escape(account, percent=False),))
+			cond.append("""gle.account = %s """ % (frappe.db.escape(account),))
 
 		entries = frappe.db.sql(
 			"""