diff --git a/frappe/__version__.py b/frappe/__version__.py
index 1d60dc216f..cfe0163b1f 100644
--- a/frappe/__version__.py
+++ b/frappe/__version__.py
@@ -1,2 +1,2 @@
 from __future__ import unicode_literals
-__version__ = "5.0.0-alpha"
+__version__ = "5.0.0-beta"
diff --git a/frappe/hooks.py b/frappe/hooks.py
index 1e5b58ffaa..4310631d69 100644
--- a/frappe/hooks.py
+++ b/frappe/hooks.py
@@ -4,7 +4,7 @@ app_title = "Frappe Framework"
 app_publisher = "Frappe Technologies Pvt. Ltd."
 app_description = "Full Stack Web Application Framework in Python"
 app_icon = "octicon octicon-circuit-board"
-app_version = "5.0.0-alpha"
+app_version = "5.0.0-beta"
 app_color = "orange"
 app_email = "support@frappe.io"
 
diff --git a/setup.py b/setup.py
index fddc49ef89..c80e8f16ba 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup, find_packages
 
-version = "5.0.0-alpha"
+version = "5.0.0-beta"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()