diff --git a/pyproject.toml b/pyproject.toml
index 3882413e..b4877fb8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -16,7 +16,7 @@
 
 [tool.poetry]
 name = "solnlib"
-version = "5.3.0"
+version = "5.4.0-beta.1"
 description = "The Splunk Software Development Kit for Splunk Solutions"
 authors = ["Splunk <addonfactory@splunk.com>"]
 license = "Apache-2.0"
diff --git a/solnlib/__init__.py b/solnlib/__init__.py
index e9ff9cc4..85940fe5 100644
--- a/solnlib/__init__.py
+++ b/solnlib/__init__.py
@@ -56,4 +56,4 @@
     "utils",
 ]
 
-__version__ = "5.3.0"
+__version__ = "5.4.0-beta.1"