diff --git a/erpnext/__version__.py b/erpnext/__version__.py
index 51138b4f8e..a2bbbf74c4 100644
--- a/erpnext/__version__.py
+++ b/erpnext/__version__.py
@@ -1,2 +1,2 @@
 from __future__ import unicode_literals
-__version__ = '5.4.2'
+__version__ = '5.5.0'
diff --git a/erpnext/hooks.py b/erpnext/hooks.py
index ee6829d33c..e973b9f7ff 100644
--- a/erpnext/hooks.py
+++ b/erpnext/hooks.py
@@ -27,7 +27,7 @@ blogs.
 """
 app_icon = "icon-th"
 app_color = "#e74c3c"
-app_version = "5.4.2"
+app_version = "5.5.0"
 github_link = "https://github.com/frappe/erpnext"
 
 error_report_email = "support@erpnext.com"
diff --git a/setup.py b/setup.py
index 1c8f758274..96cdbc0b8a 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup, find_packages
 
-version = "5.4.2"
+version = "5.5.0"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()