diff --git a/src/initialization.js b/src/initialization.js
index 96845fc90..c5aed050a 100644
--- a/src/initialization.js
+++ b/src/initialization.js
@@ -8,6 +8,7 @@ import regionalModelUpdates from '../models/regionalModelUpdates';
 import postStart from '../server/postStart';
 import { IPC_ACTIONS } from './messages';
 import migrate from './migrate';
+import { callInitializeMoneyMaker } from './utils';
 
 export async function createNewDatabase() {
   const options = {
@@ -66,6 +67,8 @@ export async function connectToLocalDatabase(filePath) {
     return false;
   }
 
+  await callInitializeMoneyMaker();
+
   try {
     await runRegionalModelUpdates();
   } catch (error) {
diff --git a/src/pages/SetupWizard/setupCompany.js b/src/pages/SetupWizard/setupCompany.js
index fee6deed4..1f670220d 100644
--- a/src/pages/SetupWizard/setupCompany.js
+++ b/src/pages/SetupWizard/setupCompany.js
@@ -3,6 +3,7 @@ import frappe from 'frappejs';
 import countryList from '~/fixtures/countryInfo.json';
 import generateTaxes from '../../../models/doctype/Tax/RegionalEntries';
 import regionalModelUpdates from '../../../models/regionalModelUpdates';
+import { callInitializeMoneyMaker } from '../../utils';
 
 export default async function setupCompany(setupWizardValues) {
   const {
@@ -17,6 +18,9 @@ export default async function setupCompany(setupWizardValues) {
   } = setupWizardValues;
 
   const accountingSettings = frappe.AccountingSettings;
+  const currency = countryList[country]['currency'];
+  await callInitializeMoneyMaker(currency);
+
   await accountingSettings.update({
     companyName,
     country,
@@ -25,7 +29,7 @@ export default async function setupCompany(setupWizardValues) {
     bankName,
     fiscalYearStart,
     fiscalYearEnd,
-    currency: countryList[country]['currency'],
+    currency,
   });
 
   const printSettings = await frappe.getSingle('PrintSettings');
diff --git a/src/utils.js b/src/utils.js
index 6f08f09ed..fbbdba46b 100644
--- a/src/utils.js
+++ b/src/utils.js
@@ -292,3 +292,39 @@ export function fuzzyMatch(keyword, candidate) {
 export function openSettings(tab) {
   routeTo({ path: '/settings', query: { tab } });
 }
+
+export async function getIsSetupComplete() {
+  try {
+    const { setupComplete } = await frappe.getSingle('AccountingSettings');
+    return !!setupComplete;
+  } catch {
+    return false;
+  }
+}
+
+export async function getCurrency() {
+  let currency = frappe?.AccoutingSettings?.currency ?? undefined;
+
+  if (!currency) {
+    try {
+      currency = (
+        await frappe.db.getSingleValues({
+          fieldname: 'currency',
+          parent: 'AccountingSettings',
+        })
+      )[0].value;
+    } catch (err) {
+      currency = undefined;
+    }
+  }
+
+  return currency;
+}
+
+export async function callInitializeMoneyMaker(currency) {
+  currency ??= await getCurrency();
+  if (!currency && frappe.pesa) {
+    return;
+  }
+  await frappe.initializeMoneyMaker(currency);
+}