diff --git a/CHANGELOG.md b/CHANGELOG.md
index 739b188d5a..1a0e66de08 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,17 @@
+Changes in 7.4.0:
+- Added Undo/Redo (from the right-click menu or Ctrl+Z)
+  - Deletions can't be undone 
+- Added Split/Combine (under the Image menu)
+  - Split can be used for book scanning to separate pages
+  - Combine can be used to include front/back sides of an ID card in one image
+- Added "Multiple Languages" as an option for OCR (in the OCR language dropdown)
+- Added a "Fix white balance and remove noise" OCR option
+  - This can improve OCR with low-quality scans, but will make OCR slower
+  - This is equivalent to using "Document Correction" before OCR
+- Upgraded Tesseract from 5.2.0 to 5.3.4 for OCR
+- Added a "Show native TWAIN progress" profile option (under Advanced) 
+- Bug fixes
+
 Changes in 7.3.1:
 - Improved loading time for "Keep images across sessions"
 - PDF encryption settings are now hidden until enabled
diff --git a/NAPS2.App.Mac/Info.plist b/NAPS2.App.Mac/Info.plist
index 3a76896a87..4feecdee24 100644
--- a/NAPS2.App.Mac/Info.plist
+++ b/NAPS2.App.Mac/Info.plist
@@ -7,7 +7,7 @@
     <key>CFBundleIdentifier</key>
     <string>com.naps2.desktop</string>
     <key>CFBundleShortVersionString</key>
-    <string>7.3.1</string>
+    <string>7.4.0</string>
     <key>LSMinimumSystemVersion</key>
     <string>10.15</string>
     <key>CFBundleDevelopmentRegion</key>
diff --git a/NAPS2.Setup/targets/VersionTargets.targets b/NAPS2.Setup/targets/VersionTargets.targets
index 34dfbb5b0a..985c02fabb 100644
--- a/NAPS2.Setup/targets/VersionTargets.targets
+++ b/NAPS2.Setup/targets/VersionTargets.targets
@@ -1,6 +1,6 @@
 <Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
     <PropertyGroup>
-        <Version>7.3.1</Version>
-        <VersionName>7.3.1</VersionName>
+        <Version>7.4.0</Version>
+        <VersionName>7.4.0</VersionName>
     </PropertyGroup>
 </Project>