diff --git a/src/initFyo.ts b/src/initFyo.ts
index 3be82323..547307cc 100644
--- a/src/initFyo.ts
+++ b/src/initFyo.ts
@@ -1,130 +1,8 @@
 import { Fyo } from 'fyo';
-import { ConfigFile, ConfigKeys } from 'fyo/core/types';
-import { getRegionalModels, models } from 'models';
-import { ModelNameEnum } from 'models/types';
-import { getRandomString, getValueMapFromList } from 'utils';
 
-export const fyo = new Fyo({ isTest: false, isElectron: true });
+/**
+ * Global fyo: this is meant to be used only by the app. For
+ * testing purposes a separate instance of fyo should be initialized.
+ */
 
-async function closeDbIfConnected() {
-  if (!fyo.db.isConnected) {
-    return;
-  }
-
-  await fyo.db.purgeCache();
-}
-
-export async function initializeInstance(
-  dbPath: string,
-  isNew: boolean,
-  countryCode: string,
-  fyo: Fyo
-) {
-  if (isNew) {
-    await closeDbIfConnected();
-    countryCode = await fyo.db.createNewDatabase(dbPath, countryCode);
-  } else if (!fyo.db.isConnected) {
-    countryCode = await fyo.db.connectToDatabase(dbPath);
-  }
-
-  const regionalModels = await getRegionalModels(countryCode);
-  await fyo.initializeAndRegister(models, regionalModels);
-
-  await setSingles(fyo);
-  await setCreds(fyo);
-  await setVersion(fyo);
-  setDeviceId(fyo);
-  await setInstanceId(fyo);
-  await setOpenCount(fyo);
-  await setCurrencySymbols(fyo);
-}
-
-async function setSingles(fyo: Fyo) {
-  await fyo.doc.getDoc(ModelNameEnum.AccountingSettings);
-  await fyo.doc.getDoc(ModelNameEnum.GetStarted);
-  await fyo.doc.getDoc(ModelNameEnum.Defaults);
-  await fyo.doc.getDoc(ModelNameEnum.Misc);
-}
-
-async function setCreds(fyo: Fyo) {
-  const email = (await fyo.getValue(
-    ModelNameEnum.AccountingSettings,
-    'email'
-  )) as string | undefined;
-  const user = fyo.auth.user;
-  fyo.auth.user = email ?? user;
-}
-
-async function setVersion(fyo: Fyo) {
-  const version = (await fyo.getValue(
-    ModelNameEnum.SystemSettings,
-    'version'
-  )) as string | undefined;
-
-  const { appVersion } = fyo.store;
-  if (version !== appVersion) {
-    const systemSettings = await fyo.doc.getDoc(ModelNameEnum.SystemSettings);
-    await systemSettings?.setAndSync('version', appVersion);
-  }
-}
-
-function setDeviceId(fyo: Fyo) {
-  let deviceId = fyo.config.get(ConfigKeys.DeviceId) as string | undefined;
-  if (deviceId === undefined) {
-    deviceId = getRandomString();
-    fyo.config.set(ConfigKeys.DeviceId, deviceId);
-  }
-
-  fyo.store.deviceId = deviceId;
-}
-
-async function setInstanceId(fyo: Fyo) {
-  const systemSettings = await fyo.doc.getDoc(ModelNameEnum.SystemSettings);
-  if (!systemSettings.instanceId) {
-    await systemSettings.setAndSync('instanceId', getRandomString());
-  }
-
-  fyo.store.instanceId = (await fyo.getValue(
-    ModelNameEnum.SystemSettings,
-    'instanceId'
-  )) as string;
-}
-
-export async function setCurrencySymbols(fyo: Fyo) {
-  const currencies = (await fyo.db.getAll(ModelNameEnum.Currency, {
-    fields: ['name', 'symbol'],
-  })) as { name: string; symbol: string }[];
-
-  fyo.currencySymbols = getValueMapFromList(
-    currencies,
-    'name',
-    'symbol'
-  ) as Record<string, string | undefined>;
-}
-
-async function setOpenCount(fyo: Fyo) {
-  const misc = await fyo.doc.getDoc(ModelNameEnum.Misc);
-  let openCount = misc.openCount as number | null;
-
-  if (typeof openCount !== 'number') {
-    openCount = getOpenCountFromFiles(fyo);
-  }
-
-  if (typeof openCount !== 'number') {
-    openCount = 0;
-  }
-
-  openCount += 1;
-  await misc.setAndSync('openCount', openCount);
-}
-
-function getOpenCountFromFiles(fyo: Fyo) {
-  const configFile = fyo.config.get(ConfigKeys.Files, []) as ConfigFile[];
-  for (const file of configFile) {
-    if (file.id === fyo.singles.SystemSettings?.instanceId) {
-      return file.openCount ?? 0;
-    }
-  }
-
-  return null;
-}
+export const fyo = new Fyo({ isTest: false, isElectron: true });
\ No newline at end of file
diff --git a/src/setup/setupInstance.ts b/src/setup/setupInstance.ts
index 9ab34687..f94e15f4 100644
--- a/src/setup/setupInstance.ts
+++ b/src/setup/setupInstance.ts
@@ -11,8 +11,8 @@ import { AccountRootTypeEnum } from 'models/baseModels/Account/types';
 import { AccountingSettings } from 'models/baseModels/AccountingSettings/AccountingSettings';
 import { numberSeriesDefaultsMap } from 'models/baseModels/Defaults/Defaults';
 import { ModelNameEnum } from 'models/types';
-import { initializeInstance, setCurrencySymbols } from 'src/initFyo';
 import { createRegionalRecords } from 'src/regional';
+import { initializeInstance, setCurrencySymbols } from 'src/utils/initialization';
 import { getRandomString } from 'utils';
 import { defaultUOMs } from 'utils/defaults';
 import { getCountryCodeFromCountry, getCountryInfo } from 'utils/misc';
diff --git a/src/utils/initialization.ts b/src/utils/initialization.ts
new file mode 100644
index 00000000..51a9df58
--- /dev/null
+++ b/src/utils/initialization.ts
@@ -0,0 +1,128 @@
+import { Fyo } from 'fyo';
+import { ConfigFile, ConfigKeys } from 'fyo/core/types';
+import { getRegionalModels, models } from 'models/index';
+import { ModelNameEnum } from 'models/types';
+import { getRandomString, getValueMapFromList } from 'utils/index';
+
+export async function initializeInstance(
+  dbPath: string,
+  isNew: boolean,
+  countryCode: string,
+  fyo: Fyo
+) {
+  if (isNew) {
+    await closeDbIfConnected(fyo);
+    countryCode = await fyo.db.createNewDatabase(dbPath, countryCode);
+  } else if (!fyo.db.isConnected) {
+    countryCode = await fyo.db.connectToDatabase(dbPath);
+  }
+
+  const regionalModels = await getRegionalModels(countryCode);
+  await fyo.initializeAndRegister(models, regionalModels);
+
+  await setSingles(fyo);
+  await setCreds(fyo);
+  await setVersion(fyo);
+  setDeviceId(fyo);
+  await setInstanceId(fyo);
+  await setOpenCount(fyo);
+  await setCurrencySymbols(fyo);
+}
+
+async function closeDbIfConnected(fyo: Fyo) {
+  if (!fyo.db.isConnected) {
+    return;
+  }
+
+  await fyo.db.purgeCache();
+}
+
+async function setSingles(fyo: Fyo) {
+  await fyo.doc.getDoc(ModelNameEnum.AccountingSettings);
+  await fyo.doc.getDoc(ModelNameEnum.GetStarted);
+  await fyo.doc.getDoc(ModelNameEnum.Defaults);
+  await fyo.doc.getDoc(ModelNameEnum.Misc);
+}
+
+async function setCreds(fyo: Fyo) {
+  const email = (await fyo.getValue(
+    ModelNameEnum.AccountingSettings,
+    'email'
+  )) as string | undefined;
+  const user = fyo.auth.user;
+  fyo.auth.user = email ?? user;
+}
+
+async function setVersion(fyo: Fyo) {
+  const version = (await fyo.getValue(
+    ModelNameEnum.SystemSettings,
+    'version'
+  )) as string | undefined;
+
+  const { appVersion } = fyo.store;
+  if (version !== appVersion) {
+    const systemSettings = await fyo.doc.getDoc(ModelNameEnum.SystemSettings);
+    await systemSettings?.setAndSync('version', appVersion);
+  }
+}
+
+function setDeviceId(fyo: Fyo) {
+  let deviceId = fyo.config.get(ConfigKeys.DeviceId) as string | undefined;
+  if (deviceId === undefined) {
+    deviceId = getRandomString();
+    fyo.config.set(ConfigKeys.DeviceId, deviceId);
+  }
+
+  fyo.store.deviceId = deviceId;
+}
+
+async function setInstanceId(fyo: Fyo) {
+  const systemSettings = await fyo.doc.getDoc(ModelNameEnum.SystemSettings);
+  if (!systemSettings.instanceId) {
+    await systemSettings.setAndSync('instanceId', getRandomString());
+  }
+
+  fyo.store.instanceId = (await fyo.getValue(
+    ModelNameEnum.SystemSettings,
+    'instanceId'
+  )) as string;
+}
+
+export async function setCurrencySymbols(fyo: Fyo) {
+  const currencies = (await fyo.db.getAll(ModelNameEnum.Currency, {
+    fields: ['name', 'symbol'],
+  })) as { name: string; symbol: string }[];
+
+  fyo.currencySymbols = getValueMapFromList(
+    currencies,
+    'name',
+    'symbol'
+  ) as Record<string, string | undefined>;
+}
+
+async function setOpenCount(fyo: Fyo) {
+  const misc = await fyo.doc.getDoc(ModelNameEnum.Misc);
+  let openCount = misc.openCount as number | null;
+
+  if (typeof openCount !== 'number') {
+    openCount = getOpenCountFromFiles(fyo);
+  }
+
+  if (typeof openCount !== 'number') {
+    openCount = 0;
+  }
+
+  openCount += 1;
+  await misc.setAndSync('openCount', openCount);
+}
+
+function getOpenCountFromFiles(fyo: Fyo) {
+  const configFile = fyo.config.get(ConfigKeys.Files, []) as ConfigFile[];
+  for (const file of configFile) {
+    if (file.id === fyo.singles.SystemSettings?.instanceId) {
+      return file.openCount ?? 0;
+    }
+  }
+
+  return null;
+}