diff --git a/app/Http/Controllers/Settings/Settings.php b/app/Http/Controllers/Settings/Settings.php
index 4556864ad..27fb9923c 100644
--- a/app/Http/Controllers/Settings/Settings.php
+++ b/app/Http/Controllers/Settings/Settings.php
@@ -35,7 +35,6 @@ class Settings extends Controller
 
         $setting->put('company_logo', Media::find($setting->pull('company_logo')));
         $setting->put('invoice_logo', Media::find($setting->pull('invoice_logo')));
-        $setting->put('financial_start', $this->getFinancialStart()->format('d F'));
 
         $timezones = $this->getTimezones();
 
@@ -161,11 +160,6 @@ class Settings extends Controller
                 $this->oneCompany($key, $value);
             }
 
-            // Format financial year
-            if ($key == 'financial_start') {
-                $value = Date::parse($value)->format('d-m');
-            }
-
             setting()->set('general.' . $key, $value);
         }
 
diff --git a/app/Http/Controllers/Wizard/Companies.php b/app/Http/Controllers/Wizard/Companies.php
index bb4b2bd2c..26061253e 100644
--- a/app/Http/Controllers/Wizard/Companies.php
+++ b/app/Http/Controllers/Wizard/Companies.php
@@ -33,7 +33,6 @@ class Companies extends Controller
     /**
      * Update the specified resource in storage.
      *
-     * @param  Company  $company
      * @param  Request  $request
      *
      * @return Response
@@ -71,11 +70,6 @@ class Companies extends Controller
                 }
             }
 
-            // Format financial year
-            if ($key == 'financial_start') {
-                $value = Date::parse($value)->format('d-m');
-            }
-
             setting()->set('general.' . $key, $value);
         }
 
diff --git a/resources/views/settings/settings/edit.blade.php b/resources/views/settings/settings/edit.blade.php
index 52383db6d..1b9757f3a 100644
--- a/resources/views/settings/settings/edit.blade.php
+++ b/resources/views/settings/settings/edit.blade.php
@@ -44,7 +44,7 @@
                     </div>
 
                     <div class="tab-pane tab-margin" id="localisation">
-                        {{ Form::textGroup('financial_start', trans('settings.localisation.financial_start'), 'calendar-check-o', ['id' => 'financial_start', 'class' => 'form-control', 'data-inputmask' => '\'alias\': \'dd MM\'', 'data-mask' => '', 'autocomplete' => 'off'], $setting['financial_start']) }}
+                        {{ Form::textGroup('financial_start', trans('settings.localisation.financial_start'), 'calendar-check-o', ['id' => 'financial_start', 'class' => 'form-control', 'data-inputmask' => '\'alias\': \'dd-mm\'', 'data-mask' => '', 'autocomplete' => 'off'], $setting['financial_start']) }}
 
                         {{ Form::selectGroup('timezone', trans('settings.localisation.timezone'), 'globe', $timezones, null, []) }}
 
@@ -228,7 +228,7 @@
             });
 
             $('#financial_start').datepicker({
-                format: 'dd MM',
+                format: 'dd-mm',
                 todayBtn: 'linked',
                 weekStart: 1,
                 autoclose: true,
diff --git a/resources/views/wizard/companies/edit.blade.php b/resources/views/wizard/companies/edit.blade.php
index e113b1ab1..c8229016e 100644
--- a/resources/views/wizard/companies/edit.blade.php
+++ b/resources/views/wizard/companies/edit.blade.php
@@ -56,7 +56,7 @@
         </div>
         {{ Form::textGroup('company_tax_number', trans('general.tax_number'), 'percent', []) }}
 
-        {{ Form::textGroup('financial_start', trans('settings.localisation.financial_start'), 'calendar-check-o', ['id' => 'financial_start', 'class' => 'form-control', 'data-inputmask' => '\'alias\': \'dd MM\'', 'data-mask' => '', 'autocomplete' => 'off'], Date::now()->startOfYear()->format('d F')) }}
+        {{ Form::textGroup('financial_start', trans('settings.localisation.financial_start'), 'calendar-check-o', ['id' => 'financial_start', 'class' => 'form-control', 'data-inputmask' => '\'alias\': \'dd-mm\'', 'data-mask' => '', 'autocomplete' => 'off'], Date::now()->startOfYear()->format('d F')) }}
 
         {{ Form::textareaGroup('company_address', trans('settings.company.address')) }}
 
@@ -98,7 +98,7 @@
 
     $(document).ready(function() {
         $('#financial_start').datepicker({
-            format: 'dd MM',
+            format: 'dd-mm',
             todayBtn: 'linked',
             weekStart: 1,
             autoclose: true,