chore(release): Bumped to Version 16.7.0

# [16.7.0](https://github.com/frappe/erpnext/compare/v16.6.1...v16.7.0) (2026-02-25)

### Bug Fixes

* **`fiscal_year_company`:** made `company` field mandatory ([54bed64](54bed64356))
* **`fiscal_year`:** `Fiscal Year` auto-generation and notification ([92c2c7b](92c2c7bf82))
* Add handling for Sales Invoice Item quantity field ([f6a1ea8](f6a1ea804a))
* add missing property_type ([dd41f2c](dd41f2ceb7))
* add purchase invoice as well ([2d864bb](2d864bb599))
* addresses portal (backport [#52712](https://github.com/frappe/erpnext/issues/52712)) ([#52786](https://github.com/frappe/erpnext/issues/52786)) ([d7b61b9](d7b61b945f))
* **asset:** handle partial asset sales by splitting remaining quantity (backport [#51363](https://github.com/frappe/erpnext/issues/51363)) ([#52394](https://github.com/frappe/erpnext/issues/52394)) ([10be8f1](10be8f19e2))
* avoid duplicate taxes and charges rows in payment entry (backport [#52178](https://github.com/frappe/erpnext/issues/52178)) ([#52319](https://github.com/frappe/erpnext/issues/52319)) ([e6f7a7e](e6f7a7e979))
* better permissions on make payment request ([a5c83dd](a5c83dd11e))
* bug with comparison regarding `None` values and empty string ([66d1b7c](66d1b7c837))
* check gl account of an associated bank account in bank transaction ([746b5d9](746b5d96de))
* enfore permission on make_payment_request ([8184599](81845992a6))
* fiscal year notification subject ([e8c5d57](e8c5d5710d))
* get employee email with priority if preferred is not set ([116361c](116361c1dc))
* ignore permissions instead of saving parent ([715dbc0](715dbc0093))
* inconsistent label name between parent and child ([b56c444](b56c444f18))
* item code shows undefined ([0fd9fc4](0fd9fc48f3))
* link field displays incorrect value when empty ([b67d42e](b67d42ee58))
* **manufacturing:** remove delete query of job card & batch and serial no  ([#52840](https://github.com/frappe/erpnext/issues/52840)) ([9ff924e](9ff924e831))
* **manufacturing:** set pick list purpose while creating it from work order ([131e279](131e279a0c))
* **manufacturing:** update status for work order before calculating planned qty ([61d339c](61d339cfa7))
* material request on receive notification condition ([785773b](785773b0ac))
* permission issue for quotation item during update item ([bccca6f](bccca6f58e))
* populate doctypes to be ignored table in validate ([237e458](237e4583e2))
* prevent precision errors in  discount distribution with inclusive tax ([0e2e89c](0e2e89c355))
* **Purchase Receipt:** copy project from first row when adding items ([77da330](77da3306b5))
* remove form tour for sales and purchase order ([aac7fc3](aac7fc30d5))
* remove supplier invoice date/posting date validation ([cfad7e1](cfad7e17f1))
* reservation based on field should be read only in SRE ([a499b7e](a499b7e046))
* sales and purchase modules forms clean-up (backport [#52875](https://github.com/frappe/erpnext/issues/52875)) ([#52911](https://github.com/frappe/erpnext/issues/52911)) ([2177098](217709836b))
* **sales-order:** update quotation status while cancelling sales order ([#52822](https://github.com/frappe/erpnext/issues/52822)) ([3a0f90c](3a0f90c433))
* sensible insufficient stock message in pick list ([dbe2a87](dbe2a87a84))
* setup fails to set abbr to departments ([b15db05](b15db05ef8))
* skip empty dimension values in exchange gain loss ([780b626](780b626ae5))
* standalone sales invoice return should not fallback to item master for valuation rate ([6e1a808](6e1a8083a5))
* supplier_type appears multiple times ([9a2eb91](9a2eb91eec))
* test cases related to default letterhead change ([1e64dea](1e64dea6a0))
* typo ([d0c2cc8](d0c2cc848c))
* typo ([0c4b9ea](0c4b9ea9ca))
* unable to submit subcontracting order if created from material request ([c5bc92d](c5bc92d50e))
* unhide book_advance_payments_in_separate_party_account check field in Payment Entry doctype ([13d153c](13d153c196))
* update items fetches wrong item code ([3355c60](3355c60c79))
* update modified timestamp in json ([74a3965](74a3965a12))
* use stock qty instead of qty when updating transferred qty in WO ([90e61ab](90e61abff4))
* user permission on reports (backport [#52709](https://github.com/frappe/erpnext/issues/52709)) ([#52757](https://github.com/frappe/erpnext/issues/52757)) ([893683a](893683a512))
* **work_order:** update returned qty ([c4ba3c9](c4ba3c9c4b))

### Features

* default letterhead and print format ([4adcc1c](4adcc1c521))
* **Journal Entry Account:** add Bank Transaction as Reference Type (backport [#52760](https://github.com/frappe/erpnext/issues/52760)) ([#52816](https://github.com/frappe/erpnext/issues/52816)) ([2c5bdef](2c5bdefd13))
* module onboarding ([858119f](858119f907))
* **payment request:** create payment request as per payment schedules ([751a081](751a081253))
* **payment_request:** add option to calculate request amount using payment schedule ([298ea33](298ea33922))
* retrieve employee basic contact information ([f701407](f701407e23))
* retrieve employee contact details ([94f9f8b](94f9f8b30a))
* standard print format for Sales Order and Purchase Invoice ([222f51b](222f51b4d0))

erpnext/__init__.py

@@ -6,7 +6,7 @@ import frappe
 from frappe.model.document import Document
 from frappe.utils.user import is_website_user
 
-__version__ = "16.6.1"
+__version__ = "16.7.0"
 
 
 def get_default_company(user=None):