diff --git a/docs/changelog.rst b/docs/changelog.rst
index 5d6ce7158..fe5d5c314 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -1,6 +1,9 @@
 Changelog
 #########
 
+* 0.3.1
+  * Added a default value for ``CONVERT_BINARY``
+
 * 0.3.0
   * Updated to using django-filter 1.x
   * Added some system checks so new users aren't confused by misconfigurations.
diff --git a/src/paperless/version.py b/src/paperless/version.py
index 286c2e5a8..e28fcec5c 100644
--- a/src/paperless/version.py
+++ b/src/paperless/version.py
@@ -1 +1 @@
-__version__ = (0, 3, 0)
+__version__ = (0, 3, 1)