diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index 0cdb9d54802b..380cd4477b06 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -3,7 +3,7 @@
 
 import frappe
 
-__version__ = "14.54.0"
+__version__ = "14.54.1"
 
 
 def get_default_company(user=None):