diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index 89ea6e4289b..9db7e24dc39 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -3,7 +3,7 @@ import inspect
 
 import frappe
 
-__version__ = "14.34.0"
+__version__ = "14.34.1"
 
 
 def get_default_company(user=None):