diff --git a/app/Traits/DateTime.php b/app/Traits/DateTime.php
index 8efaf01fc..984f1dfa7 100644
--- a/app/Traits/DateTime.php
+++ b/app/Traits/DateTime.php
@@ -65,7 +65,9 @@ trait DateTime
 
         $financial_start = Date::create($year, $month, $day);
 
-        if ((setting('localisation.financial_denote') == 'ends') && ($financial_start->dayOfYear != 1)) {
+        if ((setting('localisation.financial_denote') == 'ends') && ($financial_start->dayOfYear != 1) || 
+            $financial_start->greaterThan(Date::now())
+        ) {
             $financial_start->subYear();
         }