diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index ea60039da09..4cd5982e877 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -5,7 +5,7 @@ import frappe
 from erpnext.hooks import regional_overrides
 from frappe.utils import getdate
 
-__version__ = '12.22.0'
+__version__ = '12.23.0'
 
 def get_default_company(user=None):
 	'''Get default company for user'''
diff --git a/erpnext/change_log/v12/v12_23_0.md b/erpnext/change_log/v12/v12_23_0.md
new file mode 100644
index 00000000000..3b4ca5ce568
--- /dev/null
+++ b/erpnext/change_log/v12/v12_23_0.md
@@ -0,0 +1,20 @@
+## Version 12.23.0 Release Notes
+
+### Fixes & Enhancements
+- Added Permissions for employee to book an appointment ([#26246](https://github.com/frappe/erpnext/pull/26246))
+- New check field in subscriptions for (not) submitting invoices (BP #25394) ([#25560](https://github.com/frappe/erpnext/pull/25560))
+- fix(e-invoicing): allow export invoice even if no taxes applied (#26363) ([#26406](https://github.com/frappe/erpnext/pull/26406))
+- Omit item discount amount for e-invoicing (#26353) ([#26408](https://github.com/frappe/erpnext/pull/26408))
+- fix(plaid): cannot reset plaid link for a bank account ([#26282](https://github.com/frappe/erpnext/pull/26282))
+- Job applicant link issue ([#25935](https://github.com/frappe/erpnext/pull/25935))
+- LMS progress issue ([#26254](https://github.com/frappe/erpnext/pull/26254))
+- Half day to be accounted in its leave type ([#26267](https://github.com/frappe/erpnext/pull/26267))
+- Material request status issue ([#26089](https://github.com/frappe/erpnext/pull/26089))
+- fix(e-invoicing): service item check ([#26141](https://github.com/frappe/erpnext/pull/26141))
+- Invoices can alter profit and loss of a closed year ([#26161](https://github.com/frappe/erpnext/pull/26161))
+- Material request and supplier quotation not linked if supplier quotation created from supplier portal ([#26117](https://github.com/frappe/erpnext/pull/26117))
+- Update positions in default cashflow mappers ([#26091](https://github.com/frappe/erpnext/pull/26091))
+- Staffing plan vacancies data type issue ([#25940](https://github.com/frappe/erpnext/pull/25940))
+- Added company filter while fetching loans ([#26296](https://github.com/frappe/erpnext/pull/26296))
+- Serial no issue in subcontract purchase receipt ([#26423](https://github.com/frappe/erpnext/pull/26423))
+- Fixed rounding off ordered percent to 100 in condition  ([#26153](https://github.com/frappe/erpnext/pull/26153))
\ No newline at end of file