diff --git a/frappe/utils/data.py b/frappe/utils/data.py
index 825f100e0d..9588038058 100644
--- a/frappe/utils/data.py
+++ b/frappe/utils/data.py
@@ -366,13 +366,14 @@ def fmt_money(amount, precision=None, currency=None):
 	# 40,000 -> 40,000.00
 	# 40,000.00000 -> 40,000.00
 	# 40,000.23000 -> 40,000.23
-	parts = str(amount).split(decimal_str)
-	decimals = parts[1] if len(parts) > 1 else ''
-	if precision > 2:
-		if len(decimals) < 3:
-			precision = 2
-		elif len(decimals) < precision:
-			precision = len(decimals)
+	if decimal_str:
+		parts = str(amount).split(decimal_str)
+		decimals = parts[1] if len(parts) > 1 else ''
+		if precision > 2:
+			if len(decimals) < 3:
+				precision = 2
+			elif len(decimals) < precision:
+				precision = len(decimals)
 
 	amount = '%.*f' % (precision, flt(amount))
 	if amount.find('.') == -1: