diff --git a/erpnext/setup/doctype/company/company.js b/erpnext/setup/doctype/company/company.js
index 95ca3867ee7..91f60fbd4e2 100644
--- a/erpnext/setup/doctype/company/company.js
+++ b/erpnext/setup/doctype/company/company.js
@@ -12,6 +12,10 @@ frappe.ui.form.on("Company", {
 				}
 			});
 		}
+
+		frm.call('check_if_transactions_exist').then(r => {
+			frm.toggle_enable("default_currency", (!r.message));
+		});
 	},
 	setup: function(frm) {
 		erpnext.company.setup_queries(frm);
@@ -87,9 +91,6 @@ frappe.ui.form.on("Company", {
 
 			frappe.dynamic_link = {doc: frm.doc, fieldname: 'name', doctype: 'Company'}
 
-			frm.toggle_enable("default_currency", (frm.doc.__onload &&
-				!frm.doc.__onload.transactions_exist));
-
 			if (frappe.perm.has_perm("Cost Center", 0, 'read')) {
 				frm.add_custom_button(__('Cost Centers'), function() {
 					frappe.set_route('Tree', 'Cost Center', {'company': frm.doc.name});
diff --git a/erpnext/setup/doctype/company/company.py b/erpnext/setup/doctype/company/company.py
index dedd2d3f55c..e7397394587 100644
--- a/erpnext/setup/doctype/company/company.py
+++ b/erpnext/setup/doctype/company/company.py
@@ -22,8 +22,8 @@ class Company(NestedSet):
 
 	def onload(self):
 		load_address_and_contact(self, "company")
-		self.get("__onload")["transactions_exist"] = self.check_if_transactions_exist()
 
+	@frappe.whitelist()
 	def check_if_transactions_exist(self):
 		exists = False
 		for doctype in ["Sales Invoice", "Delivery Note", "Sales Order", "Quotation",