diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index fb11f9711cf..e433176ceb2 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -3,7 +3,7 @@ import inspect
 
 import frappe
 
-__version__ = "14.31.0"
+__version__ = "14.31.1"
 
 
 def get_default_company(user=None):