diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8403fe588..aff38361f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## 10.6.0b1 - 2024-07-25
+* [#1361](https://github.com/stripe/stripe-python/pull/1361) Update generated code for beta
+  * Add support for `capital` on parameter class `stripe.Account.CreateParamsSettings` and resource class `stripe.Account.Settings`
+  * Add support for `payment` on resource `stripe.InvoicePayment`
+  * Add support for `async_workflows` on parameter classes `stripe.PaymentIntent.CaptureParams`, `stripe.PaymentIntent.ConfirmParams`, `stripe.PaymentIntent.CreateParams`, `stripe.PaymentIntent.DecrementAuthorizationParams`, `stripe.PaymentIntent.IncrementAuthorizationParams`, and `stripe.PaymentIntent.ModifyParams` and resource `stripe.PaymentIntent`
+  * Add support for `payto` on parameter classes `stripe.PaymentMethodConfiguration.CreateParams` and `stripe.PaymentMethodConfiguration.ModifyParams` and resource `stripe.PaymentMethodConfiguration`
+  * Add support for resource `stripe.billing.Alert`
+  * Add support for resource `stripe.tax.Association`
+  * Add support for `display_name` on parameter classes `stripe.treasury.FinancialAccount.CreateParams` and `stripe.treasury.FinancialAccount.ModifyParams` and resource `stripe.treasury.FinancialAccount`
+  * Remove support for `charge` on resource `stripe.InvoicePayment`
+  * Remove support for `payment_intent` on resource `stripe.InvoicePayment`
+  * Add support for `issuing.account_closed_for_not_providing_business_model_clarification` on enum `stripe.AccountNotice.reason`
+  * Add support for `issuing.account_closed_for_not_providing_url_clarification` on enum `stripe.AccountNotice.reason`
+  * Add support for `issuing.account_closed_for_not_providing_use_case_clarification` on enum `stripe.AccountNotice.reason`
+  * Add support for `billing.alert.triggered` on enums `stripe.Event.type`, `stripe.WebhookEndpoint.CreateParams.enabled_events`, and `stripe.WebhookEndpoint.ModifyParams.enabled_events`
+  * Add support for `multibanco` on enum `stripe.QuotePreviewInvoice.PaymentSettings.payment_method_types`
+
 ## 10.5.0 - 2024-07-25
 * [#1368](https://github.com/stripe/stripe-python/pull/1368) Update generated code
   * Add support for `tax_registrations` on resource class `stripe.AccountSession.Components` and parameter class `stripe.AccountSession.CreateParamsComponents`
diff --git a/VERSION b/VERSION
index a487ba39a..74755c9d4 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-10.4.0b1
+10.6.0b1
diff --git a/stripe/_version.py b/stripe/_version.py
index 22c47cced..c7dd5a4cf 100644
--- a/stripe/_version.py
+++ b/stripe/_version.py
@@ -1 +1 @@
-VERSION = "10.4.0b1"
+VERSION = "10.6.0b1"