diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index 37de30fa707..ad5a10e6235 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -3,7 +3,7 @@ import inspect
 
 import frappe
 
-__version__ = "14.70.0"
+__version__ = "14.70.1"
 
 
 def get_default_company(user=None):