diff --git a/erpnext/__version__.py b/erpnext/__version__.py
index 2bdfe47..372a507 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 0f677a0..3fb9159 100644
--- a/erpnext/hooks.py
+++ b/erpnext/hooks.py
@@ -4,7 +4,7 @@
 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"