diff --git a/.circleci/config.yml b/.circleci/config.yml
index 50c58aec1b..04f18f1dcd 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -73,7 +73,7 @@ jobs:
       - run: |
           mkdir -p build
           export ENV=ci
-          export QUALITY_TIME_VERSION=v5.3.1
+          export QUALITY_TIME_VERSION=v5.4.0
           export COMPOSE_PATH_SEPARATOR=':'
           export COMPOSE_FILE=docker/docker-compose.yml:docker/docker-compose.ci.yml
           docker compose build && docker compose up -d
diff --git a/.env b/.env
index a850189e45..773b5ba12b 100644
--- a/.env
+++ b/.env
@@ -1,4 +1,4 @@
 COMPOSE_PATH_SEPARATOR=:
 COMPOSE_FILE=docker/docker-compose.yml:docker/docker-compose.override.yml
 COMPOSE_PROJECT_NAME=quality-time
-QUALITY_TIME_VERSION=v5.3.1
+QUALITY_TIME_VERSION=v5.4.0
diff --git a/.github/workflows/application-tests.yml b/.github/workflows/application-tests.yml
index 1d090d50a8..54bb0b47e9 100644
--- a/.github/workflows/application-tests.yml
+++ b/.github/workflows/application-tests.yml
@@ -11,7 +11,7 @@ jobs:
       - uses: actions/checkout@v4.1.1
       - name: Run application tests
         env:
-          QUALITY_TIME_VERSION: v5.3.1
+          QUALITY_TIME_VERSION: v5.4.0
           ENV: ci
         run: |
           mkdir -p build
diff --git a/components/api_server/pyproject.toml b/components/api_server/pyproject.toml
index 5e34c5ce9a..e80402a746 100644
--- a/components/api_server/pyproject.toml
+++ b/components/api_server/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "api_server"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "bottle==0.12.25",
     "cryptography==41.0.7",
diff --git a/components/api_server/src/routes/server.py b/components/api_server/src/routes/server.py
index 8bffbc215a..7900ac6db3 100644
--- a/components/api_server/src/routes/server.py
+++ b/components/api_server/src/routes/server.py
@@ -3,7 +3,7 @@
 import bottle
 
 
-QUALITY_TIME_VERSION = "5.3.1"
+QUALITY_TIME_VERSION = "5.4.0"
 
 
 @bottle.get("/api/v3/server", authentication_required=False)
diff --git a/components/collector/pyproject.toml b/components/collector/pyproject.toml
index 332d7ffc28..16980f4b4b 100644
--- a/components/collector/pyproject.toml
+++ b/components/collector/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "collector"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "aiogqlc==4.1.0",
     "aiohttp==3.9.1",
diff --git a/components/frontend/package.json b/components/frontend/package.json
index 3a618aa367..9bdc1af567 100644
--- a/components/frontend/package.json
+++ b/components/frontend/package.json
@@ -1,6 +1,6 @@
 {
   "name": "quality-time-app",
-  "version": "5.3.1",
+  "version": "5.4.0",
   "private": true,
   "proxy": "http://127.0.0.1:5001",
   "dependencies": {
diff --git a/components/notifier/pyproject.toml b/components/notifier/pyproject.toml
index e409221e70..e51f49db08 100644
--- a/components/notifier/pyproject.toml
+++ b/components/notifier/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "notifier"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "aiohttp==3.9.1",
     "pymsteams==0.2.2"
diff --git a/components/renderer/package.json b/components/renderer/package.json
index d7508f7cfe..a2a0a86ce6 100644
--- a/components/renderer/package.json
+++ b/components/renderer/package.json
@@ -1,6 +1,6 @@
 {
     "name": "quality-time-renderer",
-    "version": "5.3.1",
+    "version": "5.4.0",
     "private": true,
     "type": "module",
     "proxy": "http://localhost:9000",
diff --git a/components/shared_code/pyproject.toml b/components/shared_code/pyproject.toml
index 708a766f3a..00152d6080 100644
--- a/components/shared_code/pyproject.toml
+++ b/components/shared_code/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "shared_code"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "bottle==0.12.25",
     "cryptography==41.0.7",
diff --git a/docs/pyproject.toml b/docs/pyproject.toml
index 06c88d75a9..4343e560ba 100644
--- a/docs/pyproject.toml
+++ b/docs/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "docs"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "furo==2023.9.10",
     "gitpython==3.1.38",
diff --git a/docs/src/changelog.md b/docs/src/changelog.md
index 4809b66d4f..4d69f1128c 100644
--- a/docs/src/changelog.md
+++ b/docs/src/changelog.md
@@ -8,7 +8,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 
 <!-- The line "## <square-bracket>Unreleased</square-bracket>" is replaced by the release/release.py script with the new release version and release date. -->
 
-## [Unreleased]
+## v5.4.0 - 2023-12-11
 
 ### Deployment notes
 
diff --git a/release/.bumpversion-rc.cfg b/release/.bumpversion-rc.cfg
index def4278024..1e5a29be91 100644
--- a/release/.bumpversion-rc.cfg
+++ b/release/.bumpversion-rc.cfg
@@ -3,7 +3,7 @@ parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-rc\.(?P<rc>\d+))?
 serialize = 
 	{major}.{minor}.{patch}-rc.{rc}
 	{major}.{minor}.{patch}
-current_version = 5.3.1
+current_version = 5.4.0
 commit = true
 tag = true
 
diff --git a/release/.bumpversion.cfg b/release/.bumpversion.cfg
index 4273602f5d..cc71562d37 100644
--- a/release/.bumpversion.cfg
+++ b/release/.bumpversion.cfg
@@ -3,7 +3,7 @@ parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-rc\.(?P<rc>\d+))?
 serialize = 
 	{major}.{minor}.{patch}-rc.{rc}
 	{major}.{minor}.{patch}
-current_version = 5.3.1
+current_version = 5.4.0
 commit = true
 tag = true
 
diff --git a/release/pyproject.toml b/release/pyproject.toml
index 699d26830d..533438c130 100644
--- a/release/pyproject.toml
+++ b/release/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "release"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "bump2version==1.0.1",
     "gitpython==3.1.40",
diff --git a/sonar-project.properties b/sonar-project.properties
index e4c8b58558..ce6b43206c 100644
--- a/sonar-project.properties
+++ b/sonar-project.properties
@@ -2,7 +2,7 @@
 sonar.organization=ictu
 sonar.projectKey=nl.ictu:quality-time
 sonar.projectName=Quality-time
-sonar.projectVersion=5.3.1
+sonar.projectVersion=5.4.0
 
 # Path is relative to the sonar-project.properties file. Replace "\" by "/" on Windows.
 # This property is optional if sonar.modules is set.
diff --git a/tests/application_tests/pyproject.toml b/tests/application_tests/pyproject.toml
index b82830773b..cb427b2e22 100644
--- a/tests/application_tests/pyproject.toml
+++ b/tests/application_tests/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "application_tests"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "axe-selenium-python==2.1.6",
     "requests==2.31.0",
diff --git a/tests/feature_tests/pyproject.toml b/tests/feature_tests/pyproject.toml
index b7d504d6aa..3032afc5fb 100644
--- a/tests/feature_tests/pyproject.toml
+++ b/tests/feature_tests/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "feature_tests"
-version = "5.3.1"
+version = "5.4.0"
 dependencies = [
     "asserts==0.12.0",
     "behave==1.2.6",