diff --git a/src/backend/InvenTree/InvenTree/version.py b/src/backend/InvenTree/InvenTree/version.py
index bdf268249f..eda979eef9 100644
--- a/src/backend/InvenTree/InvenTree/version.py
+++ b/src/backend/InvenTree/InvenTree/version.py
@@ -17,7 +17,7 @@ from django.conf import settings
 from .api_version import INVENTREE_API_TEXT, INVENTREE_API_VERSION
 
 # InvenTree software version
-INVENTREE_SW_VERSION = '1.2.2'
+INVENTREE_SW_VERSION = '1.2.3'
 
 # Minimum supported Python version
 MIN_PYTHON_VERSION = (3, 11)