diff --git a/example.env b/example.env
index ed2db4ef..6224949c 100644
--- a/example.env
+++ b/example.env
@@ -1,6 +1,6 @@
 # Reference: https://github.com/frappe/frappe_docker/blob/main/docs/images-and-compose-files.md
 
-ERPNEXT_VERSION=v14.20.0
+ERPNEXT_VERSION=v14.20.1
 
 DB_PASSWORD=123
 
diff --git a/pwd.yml b/pwd.yml
index 8811db01..453e22f5 100644
--- a/pwd.yml
+++ b/pwd.yml
@@ -2,7 +2,7 @@ version: "3"
 
 services:
   backend:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -11,7 +11,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   configurator:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: none
@@ -39,7 +39,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   create-site:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: none
@@ -90,7 +90,7 @@ services:
       - db-data:/var/lib/mysql
 
   frontend:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -112,7 +112,7 @@ services:
       - "8080:8080"
 
   queue-default:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -126,7 +126,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   queue-long:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -140,7 +140,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   queue-short:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -178,7 +178,7 @@ services:
       - redis-socketio-data:/data
 
   scheduler:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure
@@ -190,7 +190,7 @@ services:
       - logs:/home/frappe/frappe-bench/logs
 
   websocket:
-    image: frappe/erpnext:v14.20.0
+    image: frappe/erpnext:v14.20.1
     deploy:
       restart_policy:
         condition: on-failure