diff --git a/erpnext/public/js/setup_wizard.js b/erpnext/public/js/setup_wizard.js
index 30323ec..c2a1595 100644
--- a/erpnext/public/js/setup_wizard.js
+++ b/erpnext/public/js/setup_wizard.js
@@ -100,7 +100,12 @@
 						fy = ["01-01", "12-31"];
 						next_year = current_year;
 					}
-
+					
+					var year_start_date = current_year + "-" + fy[0];
+					if(year_start_date > get_today()) {
+						next_year = current_year
+						current_year -= 1;
+					}
 					slide.get_field("fy_start_date").set_input(current_year + "-" + fy[0]);
 					slide.get_field("fy_end_date").set_input(next_year + "-" + fy[1]);
 				}