diff --git a/erpnext/__version__.py b/erpnext/__version__.py
index 0d53216d5b..316191657c 100644
--- a/erpnext/__version__.py
+++ b/erpnext/__version__.py
@@ -1 +1 @@
-__version__ = '4.8.0'
+__version__ = '4.9.0'
diff --git a/erpnext/hooks.py b/erpnext/hooks.py
index febf4b0a49..a1a98f6672 100644
--- a/erpnext/hooks.py
+++ b/erpnext/hooks.py
@@ -4,7 +4,7 @@ app_publisher = "Web Notes Technologies Pvt. Ltd. and Contributors"
 app_description = "Open Source Enterprise Resource Planning for Small and Midsized Organizations"
 app_icon = "icon-th"
 app_color = "#e74c3c"
-app_version = "4.8.0"
+app_version = "4.9.0"
 
 error_report_email = "support@erpnext.com"
 
diff --git a/setup.py b/setup.py
index 5c7fe9a77d..c95b14d8c0 100644
--- a/setup.py
+++ b/setup.py
@@ -1,7 +1,7 @@
 from setuptools import setup, find_packages
 import os
 
-version = "4.8.0"
+version = "4.9.0"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()