diff --git a/erpnext/accounts/report/financial_statements.py b/erpnext/accounts/report/financial_statements.py
index 5b14b4b5f86..74ca2585fe1 100644
--- a/erpnext/accounts/report/financial_statements.py
+++ b/erpnext/accounts/report/financial_statements.py
@@ -352,7 +352,8 @@ def set_gl_entries_by_account(
 			"to_date": to_date,
 			"lft": root_lft,
 			"rgt": root_rgt,
-			"cost_center": filters.cost_center
+			"cost_center": filters.cost_center,
+			"project": filters.project
 		},
 		as_dict=True)
 
@@ -379,7 +380,7 @@ def get_additional_conditions(from_date, ignore_closing_entries, filters):
 			if not isinstance(filters.get("project"), list):
 				projects = str(filters.get("project")).strip()
 				filters.project = [d.strip() for d in projects.split(',') if d]
-			additional_conditions.append("project = '%s'" % (frappe.db.escape(filters.get("project"))))
+			additional_conditions.append("project in %(project)s")
 
 		if filters.get("cost_center"):
 			filters.cost_center = get_cost_centers_with_children(filters.cost_center)