diff --git a/InvenTree/InvenTree/api_version.py b/InvenTree/InvenTree/api_version.py
index 86f41816b2..674cf7d78b 100644
--- a/InvenTree/InvenTree/api_version.py
+++ b/InvenTree/InvenTree/api_version.py
@@ -4,11 +4,14 @@ InvenTree API version information
 
 
 # InvenTree API version
-INVENTREE_API_VERSION = 46
+INVENTREE_API_VERSION = 47
 
 """
 Increment this API version number whenever there is a significant change to the API that any clients need to know about
 
+v47 -> 2022-05-10 : https://github.com/inventree/InvenTree/pull/2964
+    - Fixes barcode API error response when scanning a StockItem which does not exist
+
 v46 -> 2022-05-09
     - Fixes read permissions on settings API
     - Allows non-staff users to read global settings via the API