diff --git a/erpnext/accounts/report/consolidated_financial_statement/consolidated_financial_statement.js b/erpnext/accounts/report/consolidated_financial_statement/consolidated_financial_statement.js
index d3e836afd10..a5c5a67613e 100644
--- a/erpnext/accounts/report/consolidated_financial_statement/consolidated_financial_statement.js
+++ b/erpnext/accounts/report/consolidated_financial_statement/consolidated_financial_statement.js
@@ -50,7 +50,15 @@ frappe.require("assets/erpnext/js/financial_statements.js", function() {
 				"fieldtype": "Link",
 				"options": "Fiscal Year",
 				"default": frappe.defaults.get_user_default("fiscal_year"),
-				"reqd": 1
+				"reqd": 1,
+				on_change: () => {
+					frappe.model.with_doc("Fiscal Year", frappe.query_report.get_filter_value('from_fiscal_year'), function(r) {
+						let start_fy = frappe.model.get_doc("Fiscal Year", frappe.query_report.get_filter_value('from_fiscal_year'));
+						frappe.query_report.set_filter_value({
+							period_start_date: start_fy.year_start_date
+						});
+					});
+				}
 			},
 			{
 				"fieldname":"to_fiscal_year",
@@ -58,7 +66,15 @@ frappe.require("assets/erpnext/js/financial_statements.js", function() {
 				"fieldtype": "Link",
 				"options": "Fiscal Year",
 				"default": frappe.defaults.get_user_default("fiscal_year"),
-				"reqd": 1
+				"reqd": 1,
+				on_change: () => {
+					frappe.model.with_doc("Fiscal Year", frappe.query_report.get_filter_value('to_fiscal_year'), function(r) {
+						let to_fy = frappe.model.get_doc("Fiscal Year", frappe.query_report.get_filter_value('to_fiscal_year'));
+						frappe.query_report.set_filter_value({
+							period_end_date: to_fy.year_end_date
+						});
+					});
+				}
 			},
 			{
 				"fieldname":"finance_book",