diff --git a/example.env b/example.env
index ba4d57db..38fc15ae 100644
--- a/example.env
+++ b/example.env
@@ -1,6 +1,6 @@
 # Reference: https://github.com/frappe/frappe_docker/blob/main/docs/environment-variables.md
 
-ERPNEXT_VERSION=v16.11.0
+ERPNEXT_VERSION=v16.12.0
 
 DB_PASSWORD=123
 
diff --git a/pwd.yml b/pwd.yml
index 05edef79..103d3969 100644
--- a/pwd.yml
+++ b/pwd.yml
@@ -1,6 +1,6 @@
 services:
   backend:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -16,7 +16,7 @@ services:
       MARIADB_ROOT_PASSWORD: admin
 
   configurator:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -45,7 +45,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   create-site:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -100,7 +100,7 @@ services:
       - db-data:/var/lib/mysql
 
   frontend:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     depends_on:
@@ -126,7 +126,7 @@ services:
       - "8080:8080"
 
   queue-long:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -145,7 +145,7 @@ services:
       FRAPPE_REDIS_QUEUE: redis://redis-queue:6379
 
   queue-short:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -182,7 +182,7 @@ services:
         condition: on-failure
 
   scheduler:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy:
@@ -196,7 +196,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   websocket:
-    image: frappe/erpnext:v16.11.0
+    image: frappe/erpnext:v16.12.0
     networks:
       - frappe_network
     deploy: