diff --git a/VERSION b/VERSION
index 0e2c93950..ce609caf8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.7
\ No newline at end of file
+0.8
\ No newline at end of file
diff --git a/Version.hs b/Version.hs
index 0f21ec247..a7bc95393 100644
--- a/Version.hs
+++ b/Version.hs
@@ -11,7 +11,7 @@ import Ledger.Utils
 import Options (progname)
 
 -- version and PATCHLEVEL are set by the makefile
-version       = "0.7.0"
+version       = "0.8.0"
 
 #ifdef PATCHLEVEL
 patchlevel = "." ++ show PATCHLEVEL -- must be numeric !
diff --git a/hledger.cabal b/hledger.cabal
index 32b79251e..dea80c2c7 100644
--- a/hledger.cabal
+++ b/hledger.cabal
@@ -1,6 +1,6 @@
 name:           hledger
 -- Version is set by the makefile
-version:        0.7.0
+version:        0.8
 category:       Finance
 synopsis:       A command-line (or curses or web-based) double-entry accounting tool.
 description: