diff --git a/.travis.yml b/.travis.yml
index e376e688..fac3a17f 100644
--- a/.travis.yml
+++ b/.travis.yml
@@ -17,7 +17,7 @@ env:
       # Environment variables for packaging
       - PRODUCT=flameshot
       #TODO: we should take version from the last tag in git history + build number
-      - VERSION=0.7.4
+      - VERSION=0.7.3-74e563e
       - RELEASE=1
       - ARCH=x86_64
       # Dockerfile from https://github.com/flameshotapp/flameshot-docker-images
diff --git a/appveyor.yml b/appveyor.yml
index 0a863225..a6f10b89 100644
--- a/appveyor.yml
+++ b/appveyor.yml
@@ -1,7 +1,7 @@
 image: Visual Studio 2015
 
 #TODO: we should take version from the last tag in git history + build number
-version: 0.7.4.{build}
+version: 0.7.3-74e563e.{build}
 # Major_Version_Number.Minor_Version_Number.Patch_Number.Build_Number
 
 skip_branch_with_pr: true
diff --git a/flameshot.pro b/flameshot.pro
index 94a731e8..9b7393ef 100644
--- a/flameshot.pro
+++ b/flameshot.pro
@@ -6,15 +6,17 @@
 
 win32:LIBS += -luser32 -lshell32
 
-BASE_VERSION = 0.7.4
-TAG_VERSION = "$$system(git --git-dir $$PWD/.git --work-tree $$PWD describe --always --tags)"
-isEmpty(TAG_VERSION){
-    TAG_VERSION = $$BASE_VERSION
-    DEFINES += APP_VERSION=\\\"$$BASE_VERSION\\\"
-}
-else {
-    DEFINES += APP_VERSION=\\\"$$BASE_VERSION-$$TAG_VERSION\\\"
-}
+BASE_VERSION = 0.7.3-74e563e
+#TAG_VERSION = "$$system(git --git-dir $$PWD/.git --work-tree $$PWD describe --always --tags)"
+#isEmpty(TAG_VERSION){
+#    TAG_VERSION = $$BASE_VERSION
+#    DEFINES += APP_VERSION=\\\"$$BASE_VERSION\\\"
+#}
+#else {
+#    DEFINES += APP_VERSION=\\\"$$BASE_VERSION-$$TAG_VERSION\\\"
+#}
+
+DEFINES += APP_VERSION=\\\"$$BASE_VERSION\\\"
 
 QT  += core gui widgets network svg
 
diff --git a/update_release_version.sh b/update_release_version.sh
new file mode 100755
index 00000000..439d1d00
--- /dev/null
+++ b/update_release_version.sh
@@ -0,0 +1,42 @@
+#!/bin/bash
+
+BASE_VERSION_NEW="0.7.3"
+
+BASE_VERSION_CUR=$(cat flameshot.pro |grep "[0-9]\+\.[0-9]\+\.[0-9]\+-[0-9a-e]*" |awk "{print \$3}")
+GIT_SHORT_HASH=$(git rev-parse --short HEAD)
+BASE_VERSION_NEW="${BASE_VERSION_NEW}-${GIT_SHORT_HASH}"
+
+
+
+if [ "${BASE_VERSION_CUR}" == "${BASE_VERSION_NEW}" ]; then
+  echo "Current and new versions are the same, no action required"
+  exit 1
+fi
+
+
+TAG_EXISTS=$(git ls-remote --tags origin |grep "refs/tags/v${BASE_VERSION_NEW}")
+if [ "" != "${TAG_EXISTS}" ]; then
+  echo "Tag already exists: ${TAG_EXISTS}"
+  echo "Please update to another version or remove git tag"
+  exit 1
+fi
+
+# update version to a new one
+sed -i "s/BASE_VERSION = ${BASE_VERSION_CUR}/BASE_VERSION = ${BASE_VERSION_NEW}/g" flameshot.pro
+sed -i "s/AppVersion=${BASE_VERSION_CUR}/AppVersion=${BASE_VERSION_NEW}/g" ./win_setup/flameshot.iss
+sed -i "s/VersionInfoVersion=${BASE_VERSION_CUR}/VersionInfoVersion=${BASE_VERSION_NEW}/g" ./win_setup/flameshot.iss
+sed -i "s/version: ${BASE_VERSION_CUR}/version: ${BASE_VERSION_NEW}/g" appveyor.yml
+sed -i "s/VERSION=${BASE_VERSION_CUR}/VERSION=${BASE_VERSION_NEW}/g" .travis.yml
+
+qmake
+
+# push current release
+git add flameshot.pro ./win_setup/flameshot.iss appveyor.yml .travis.yml
+git commit -m "Update version to ${BASE_VERSION_NEW}"
+git push
+
+# add new release tag
+git tag "v${BASE_VERSION_NEW}"
+git push origin --tags
+
+echo "New Flameshot version is: ${BASE_VERSION_NEW}"
diff --git a/update_version_everywhere.sh b/update_version_everywhere.sh
deleted file mode 100755
index cfc4745e..00000000
--- a/update_version_everywhere.sh
+++ /dev/null
@@ -1,15 +0,0 @@
-#!/bin/bash
-
-BASE_VERSION_OLD=0.7.3
-BASE_VERSION_NEW=0.7.4
-
-sed -i "s/BASE_VERSION = ${BASE_VERSION_OLD}/BASE_VERSION = ${BASE_VERSION_NEW}/g" flameshot.pro
-
-sed -i "s/AppVersion=${BASE_VERSION_OLD}/AppVersion=${BASE_VERSION_NEW}/g" ./win_setup/flameshot.iss
-sed -i "s/VersionInfoVersion=${BASE_VERSION_OLD}/VersionInfoVersion=${BASE_VERSION_NEW}/g" ./win_setup/flameshot.iss
-
-sed -i "s/version: ${BASE_VERSION_OLD}/version: ${BASE_VERSION_NEW}/g" appveyor.yml
-
-sed -i "s/VERSION=${BASE_VERSION_OLD}/VERSION=${BASE_VERSION_NEW}/g" .travis.yml
-
-qmake
diff --git a/win_setup/flameshot.iss b/win_setup/flameshot.iss
index 560aeb24..9f531939 100644
--- a/win_setup/flameshot.iss
+++ b/win_setup/flameshot.iss
@@ -6,9 +6,9 @@
 
 [Setup]
 AppName=Flameshot
-AppVersion=0.7.4
+AppVersion=0.7.3-74e563e
 AppCopyright=NameCheap inc.
-VersionInfoVersion=0.7.4
+VersionInfoVersion=0.7.3-74e563e
 WizardStyle=modern
 DefaultDirName={autopf}\Flameshot
 DefaultGroupName=Flameshot