diff --git a/erpnext/__version__.py b/erpnext/__version__.py
index 2bdfe47e06..372a507972 100644
--- a/erpnext/__version__.py
+++ b/erpnext/__version__.py
@@ -1 +1 @@
-__version__ = '4.6.2'
+__version__ = '4.7.0'
diff --git a/erpnext/hooks.py b/erpnext/hooks.py
index 0f677a0e75..3fb91597ea 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 = "4.6.2"
+app_version = "4.7.0"
 
 error_report_email = "support@erpnext.com"
 
diff --git a/setup.py b/setup.py
index 34207e86f7..1d611020b7 100644
--- a/setup.py
+++ b/setup.py
@@ -1,7 +1,7 @@
 from setuptools import setup, find_packages
 import os
 
-version = "4.6.2"
+version = "4.7.0"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()