diff --git a/C4/Budgets.pm b/C4/Budgets.pm
index 409548823d..aed5e82db4 100644
--- a/C4/Budgets.pm
+++ b/C4/Budgets.pm
@@ -1013,15 +1013,19 @@ sub ConvertCurrency {
 
   my $new_budget_period_id = CloneBudgetPeriod({
     budget_period_id => $budget_period_id,
-    budget_period_startdate => $budget_period_startdate;
-    budget_period_enddate   => $budget_period_enddate;
-    mark_original_budget_as_inactive => 1
+    budget_period_startdate => $budget_period_startdate,
+    budget_period_enddate   => $budget_period_enddate,
+    mark_original_budget_as_inactive => 1n
+    reset_all_budgets => 1,
   });
 
 Clone a budget period with all budgets.
 If the mark_origin_budget_as_inactive is set (0 by default),
 the original budget will be marked as inactive.
 
+If the reset_all_budgets is set (0 by default), all budget (fund)
+amounts will be reset.
+
 =cut
 
 sub CloneBudgetPeriod {
@@ -1031,6 +1035,7 @@ sub CloneBudgetPeriod {
     my $budget_period_enddate   = $params->{budget_period_enddate};
     my $mark_original_budget_as_inactive =
       $params->{mark_original_budget_as_inactive} || 0;
+    my $reset_all_budgets = $params->{reset_all_budgets} || 0;
 
     my $budget_period = GetBudgetPeriod($budget_period_id);
 
@@ -1057,6 +1062,14 @@ sub CloneBudgetPeriod {
         );
     }
 
+    if ( $reset_all_budgets ) {
+        my $budgets = GetBudgets({ budget_period_id => $new_budget_period_id });
+        for my $budget ( @$budgets ) {
+            $budget->{budget_amount} = 0;
+            ModBudget( $budget );
+        }
+    }
+
     return $new_budget_period_id;
 }
 
diff --git a/admin/aqbudgetperiods.pl b/admin/aqbudgetperiods.pl
index a256b15599..2d1376ebc9 100755
--- a/admin/aqbudgetperiods.pl
+++ b/admin/aqbudgetperiods.pl
@@ -190,6 +190,7 @@ elsif ( $op eq 'duplicate_budget' ){
     my $budget_period_startdate = dt_from_string $input->param('budget_period_startdate');
     my $budget_period_enddate   = dt_from_string $input->param('budget_period_enddate');
     my $mark_original_budget_as_inactive = $input->param('mark_original_budget_as_inactive');
+    my $reset_all_budgets = $input->param('reset_all_budgets');
 
     my $new_budget_period_id = C4::Budgets::CloneBudgetPeriod(
         {
@@ -197,6 +198,7 @@ elsif ( $op eq 'duplicate_budget' ){
             budget_period_startdate => $budget_period_startdate,
             budget_period_enddate   => $budget_period_enddate,
             mark_original_budget_as_inactive => $mark_original_budget_as_inactive,
+            reset_all_budgets => $reset_all_budgets,
         }
     );
 
diff --git a/koha-tmpl/intranet-tmpl/prog/en/modules/admin/aqbudgetperiods.tt b/koha-tmpl/intranet-tmpl/prog/en/modules/admin/aqbudgetperiods.tt
index 0f4bca67e9..6dc9a4dfdb 100644
--- a/koha-tmpl/intranet-tmpl/prog/en/modules/admin/aqbudgetperiods.tt
+++ b/koha-tmpl/intranet-tmpl/prog/en/modules/admin/aqbudgetperiods.tt
@@ -190,6 +190,11 @@
       <input type="checkbox" id="mark_as_inactive" name="mark_original_budget_as_inactive" />
     </li>
 
+    <li>
+      <label for="reset_all_budgets">Set all funds to zero</label>
+      <input type="checkbox" id="reset_all_budgets" name="reset_all_budgets" />
+    </li>
+
     </ol>
     </fieldset>
 
diff --git a/t/db_dependent/Budgets.t b/t/db_dependent/Budgets.t
index e471b7528f..bf40821f1b 100755
--- a/t/db_dependent/Budgets.t
+++ b/t/db_dependent/Budgets.t
@@ -1,5 +1,5 @@
 use Modern::Perl;
-use Test::More tests => 69;
+use Test::More tests => 71;
 
 BEGIN {
     use_ok('C4::Budgets')
@@ -382,6 +382,14 @@ is( $budget_period->{budget_period_active}, 1,
     'CloneBudgetPeriod does not mark as inactive the budgetperiod if not needed'
 );
 
+$budget_hierarchy_cloned = GetBudgetHierarchy($budget_period_id_cloned);
+my $number_of_budgets_not_reset = 0;
+for my $budget (@$budget_hierarchy_cloned) {
+    $number_of_budgets_not_reset++ if $budget->{budget_amount} > 0;
+}
+is( $number_of_budgets_not_reset, 5,
+    'CloneBudgetPeriod does not reset budgets (funds) if not needed' );
+
 $budget_period_id_cloned = C4::Budgets::CloneBudgetPeriod(
     {
         budget_period_id                 => $budget_period_id,
@@ -407,6 +415,25 @@ is( $budget_period->{budget_period_active}, 0,
     'CloneBudgetPeriod (with inactive param) marks as inactive the budgetperiod'
 );
 
+# CloneBudgetPeriod with param reset_all_budgets
+$budget_period_id_cloned = C4::Budgets::CloneBudgetPeriod(
+    {
+        budget_period_id        => $budget_period_id,
+        budget_period_startdate => '2014-01-01',
+        budget_period_enddate   => '2014-12-31',
+        reset_all_budgets         => 1,
+    }
+);
+
+$budget_hierarchy_cloned     = GetBudgetHierarchy($budget_period_id_cloned);
+$number_of_budgets_not_reset = 0;
+for my $budget (@$budget_hierarchy_cloned) {
+    $number_of_budgets_not_reset++ if $budget->{budget_amount} > 0;
+}
+is( $number_of_budgets_not_reset, 0,
+    'CloneBudgetPeriod has reset all budgets (funds)' );
+
+
 sub _get_dependencies {
     my ($budget_hierarchy) = @_;
     my $graph;