diff --git a/VERSION b/VERSION
index 15a2799..1809198 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.3.0
+3.4.0
diff --git a/acts_as_account.gemspec b/acts_as_account.gemspec
index be15d69..be6f3d8 100644
--- a/acts_as_account.gemspec
+++ b/acts_as_account.gemspec
@@ -1,14 +1,14 @@
 # -*- encoding: utf-8 -*-
-# stub: acts_as_account 3.3.0 ruby lib
+# stub: acts_as_account 3.4.0 ruby lib
 
 Gem::Specification.new do |s|
   s.name = "acts_as_account".freeze
-  s.version = "3.3.0".freeze
+  s.version = "3.4.0".freeze
 
   s.required_rubygems_version = Gem::Requirement.new(">= 0".freeze) if s.respond_to? :required_rubygems_version=
   s.require_paths = ["lib".freeze]
   s.authors = ["Thies C. Arntzen, Norman Timmler, Matthias Frick, Phillip Oertel".freeze]
-  s.date = "2024-10-23"
+  s.date = "2024-10-28"
   s.description = "acts_as_account implements double entry accounting for Rails models. Your models get accounts and you can do consistent transactions between them. Since the documentation is sparse, see the transfer.feature for usage examples.".freeze
   s.email = "developers@betterplace.org".freeze
   s.extra_rdoc_files = ["README.md".freeze, "lib/acts_as_account.rb".freeze, "lib/acts_as_account/account.rb".freeze, "lib/acts_as_account/active_record_extensions.rb".freeze, "lib/acts_as_account/configuration.rb".freeze, "lib/acts_as_account/global_account.rb".freeze, "lib/acts_as_account/journal.rb".freeze, "lib/acts_as_account/manually_created_account.rb".freeze, "lib/acts_as_account/posting.rb".freeze, "lib/acts_as_account/rails.rb".freeze, "lib/acts_as_account/transfer.rb".freeze, "lib/acts_as_account/version.rb".freeze]
diff --git a/lib/acts_as_account/version.rb b/lib/acts_as_account/version.rb
index b585b63..43c7933 100644
--- a/lib/acts_as_account/version.rb
+++ b/lib/acts_as_account/version.rb
@@ -1,6 +1,6 @@
 module ActsAsAccount
   # ActsAsAccount version
-  VERSION         = '3.3.0'
+  VERSION         = '3.4.0'
   VERSION_ARRAY   = VERSION.split('.').map(&:to_i) # :nodoc:
   VERSION_MAJOR   = VERSION_ARRAY[0] # :nodoc:
   VERSION_MINOR   = VERSION_ARRAY[1] # :nodoc: