diff --git a/CMakeLists.txt b/CMakeLists.txt
index b8e0adf4613..50b298ce20f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -12,15 +12,13 @@ ENABLE_TESTING()
 
 # Version number of gnucash
 SET (GNUCASH_MAJOR_VERSION 2)
-SET (GNUCASH_MINOR_VERSION 7)
-SET (GNUCASH_MICRO_VERSION 8)
-SET (GNUCASH_NANO_VERSION 0)
+SET (GNUCASH_MINOR_VERSION 99)
 SET (VERSION "${GNUCASH_MAJOR_VERSION}.${GNUCASH_MINOR_VERSION}.${GNUCASH_MICRO_VERSION}")
 SET (GNUCASH_LATEST_STABLE_SERIES 2.6)
 
 SET (PACKAGE gnucash)
 SET (PACKAGE_NAME GnuCash)
-SET (PACKAGE_VERSION 2.7.8)
+SET (PACKAGE_VERSION 2.99)
 SET (PACKAGE_BUGREPORT gnucash-devel@gnucash.org)
 SET (PACKAGE_TARNAME ${PACKAGE})
 SET (PACKAGE_STRING "${PACKAGE_NAME} ${PACKAGE_VERSION}")
diff --git a/libgnucash/core-utils/gnc-prefs.c b/libgnucash/core-utils/gnc-prefs.c
index ff965dd2c16..73eec923d33 100644
--- a/libgnucash/core-utils/gnc-prefs.c
+++ b/libgnucash/core-utils/gnc-prefs.c
@@ -116,10 +116,7 @@ gnc_prefs_set_file_retention_days(gint days)
 guint
 gnc_prefs_get_long_version()
 {
-    return GNUCASH_MAJOR_VERSION * 1000000 +
-           GNUCASH_MINOR_VERSION * 10000 +
-           GNUCASH_MICRO_VERSION * 100 +
-           GNUCASH_NANO_VERSION;
+     return GNUCASH_MAJOR_VERSION * 1000000 + GNUCASH_MINOR_VERSION;
 }
 
 gulong gnc_prefs_register_cb (const char *group,