diff --git a/erpnext/public/js/purchase_trends_filters.js b/erpnext/public/js/purchase_trends_filters.js
index c786a8674e6..77f1d2b496a 100644
--- a/erpnext/public/js/purchase_trends_filters.js
+++ b/erpnext/public/js/purchase_trends_filters.js
@@ -28,7 +28,7 @@ erpnext.get_purchase_trends_filters = function() {
 			"label": __("Fiscal Year"),
 			"fieldtype": "Link",
 			"options":'Fiscal Year',
-			"default": frappe.sys_defaults.fiscal_year
+			"default": erpnext.utils.get_fiscal_year(frappe.datetime.get_today())
 		},
 		{
 			"fieldname":"period_based_on",
diff --git a/erpnext/public/js/sales_trends_filters.js b/erpnext/public/js/sales_trends_filters.js
index b9c4dca9130..9a70a3da4c6 100644
--- a/erpnext/public/js/sales_trends_filters.js
+++ b/erpnext/public/js/sales_trends_filters.js
@@ -48,7 +48,7 @@ erpnext.get_sales_trends_filters = function() {
 			"label": __("Fiscal Year"),
 			"fieldtype": "Link",
 			"options":'Fiscal Year',
-			"default": frappe.sys_defaults.fiscal_year
+			"default": erpnext.utils.get_fiscal_year(frappe.datetime.get_today())
 		},
 		{
 			"fieldname":"company",