diff --git a/accounts/doctype/period_closing_voucher/period_closing_voucher.py b/accounts/doctype/period_closing_voucher/period_closing_voucher.py
index 69061bf521..5d7fc1e867 100644
--- a/accounts/doctype/period_closing_voucher/period_closing_voucher.py
+++ b/accounts/doctype/period_closing_voucher/period_closing_voucher.py
@@ -34,7 +34,7 @@ class DocType(AccountsController):
 
 	def validate_posting_date(self):
 		from accounts.utils import get_fiscal_year
-		self.year_start_date = get_fiscal_year(self.doc.posting_date)[1]
+		self.year_start_date = get_fiscal_year(self.doc.posting_date, self.doc.fiscal_year)[1]
 
 		pce = webnotes.conn.sql("""select name from `tabPeriod Closing Voucher`
 			where posting_date > %s and fiscal_year = %s and docstatus = 1""", 
diff --git a/setup/doctype/currency_exchange/test_currency_exchange.py b/setup/doctype/currency_exchange/test_currency_exchange.py
index 0f8caed332..f8260be607 100644
--- a/setup/doctype/currency_exchange/test_currency_exchange.py
+++ b/setup/doctype/currency_exchange/test_currency_exchange.py
@@ -13,5 +13,11 @@ test_records = [
 		"from_currency": "USD",
 		"to_currency": "EUR",
 		"exchange_rate": 0.773
-	}]
+	}],
+	[{
+		"doctype": "Currency Exchange",
+		"from_currency": "INR",
+		"to_currency": "USD",
+		"exchange_rate": 0.0167
+	}],
 ]
\ No newline at end of file
diff --git a/stock/utils.py b/stock/utils.py
index 6d9f204726..4f5e11a657 100644
--- a/stock/utils.py
+++ b/stock/utils.py
@@ -299,6 +299,8 @@ def create_material_request(material_requests):
 	mr_list = []
 	defaults = webnotes.defaults.get_defaults()
 	exceptions_list = []
+	from accounts.utils import get_fiscal_year
+	current_fiscal_year = get_fiscal_year(nowdate())[0] or defaults.fiscal_year
 	for request_type in material_requests:
 		for company in material_requests[request_type]:
 			try:
@@ -309,7 +311,7 @@ def create_material_request(material_requests):
 				mr = [{
 					"doctype": "Material Request",
 					"company": company,
-					"fiscal_year": defaults.fiscal_year,
+					"fiscal_year": current_fiscal_year,
 					"transaction_date": nowdate(),
 					"material_request_type": request_type
 				}]