diff --git a/erpnext/payroll/doctype/salary_slip/salary_slip.js b/erpnext/payroll/doctype/salary_slip/salary_slip.js
index 7460c75..d527839 100644
--- a/erpnext/payroll/doctype/salary_slip/salary_slip.js
+++ b/erpnext/payroll/doctype/salary_slip/salary_slip.js
@@ -74,43 +74,46 @@
 		if (!frm.doc.letter_head && company.default_letter_head) {
 			frm.set_value('letter_head', company.default_letter_head);
 		}
+	},
+
+	currency: function(frm) {
 		frm.trigger("set_dynamic_labels");
 	},
 
 	set_dynamic_labels: function(frm) {
 		var company_currency = frm.doc.company? erpnext.get_currency(frm.doc.company): frappe.defaults.get_default("currency");
-		frappe.run_serially([
-			() => 	frm.events.set_exchange_rate(frm, company_currency),
-			() => 	frm.events.change_form_labels(frm, company_currency),
-			() => 	frm.events.change_grid_labels(frm),
-			() => 	frm.refresh_fields()
-		]);
+		if (frm.doc.employee && frm.doc.currency) {
+			frappe.run_serially([
+				() => 	frm.events.set_exchange_rate(frm, company_currency),
+				() => 	frm.events.change_form_labels(frm, company_currency),
+				() => 	frm.events.change_grid_labels(frm),
+				() => 	frm.refresh_fields()
+			]);
+		}
 	},
 
 	set_exchange_rate: function(frm, company_currency) {
-		if (frm.doc.docstatus === 0) {
-			if (frm.doc.currency) {
-				var from_currency = frm.doc.currency;
-				if (from_currency != company_currency) {
-					frm.events.hide_loan_section(frm);
-					frappe.call({
-						method: "erpnext.setup.utils.get_exchange_rate",
-						args: {
-							from_currency: from_currency,
-							to_currency: company_currency,
-						},
-						callback: function(r) {
-							frm.set_value("exchange_rate", flt(r.message));
-							frm.set_df_property('exchange_rate', 'hidden', 0);
-							frm.set_df_property("exchange_rate", "description", "1 " + frm.doc.currency
-								+ " = [?] " + company_currency);
-						}
-					});
-				} else {
-					frm.set_value("exchange_rate", 1.0);
-					frm.set_df_property('exchange_rate', 'hidden', 1);
-					frm.set_df_property("exchange_rate", "description", "" );
-				}
+		if (frm.doc.currency) {
+			var from_currency = frm.doc.currency;
+			if (from_currency != company_currency) {
+				frm.events.hide_loan_section(frm);
+				frappe.call({
+					method: "erpnext.setup.utils.get_exchange_rate",
+					args: {
+						from_currency: from_currency,
+						to_currency: company_currency,
+					},
+					callback: function(r) {
+						frm.set_value("exchange_rate", flt(r.message));
+						frm.set_df_property("exchange_rate", "hidden", 0);
+						frm.set_df_property("exchange_rate", "description", "1 " + frm.doc.currency
+							+ " = [?] " + company_currency);
+					}
+				});
+			} else {
+				frm.set_value("exchange_rate", 1.0);
+				frm.set_df_property("exchange_rate", "hidden", 1);
+				frm.set_df_property("exchange_rate", "description", "");
 			}
 		}
 	},