diff --git a/Dockerfile b/Dockerfile
index 7d8dd3c..4aaa372 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -1,5 +1,5 @@
 ARG BEANCOUNT_VERSION=2.3.6
-ARG FAVA_VERSION=v1.27.1
+ARG FAVA_VERSION=v1.27.2
 
 ARG NODE_BUILD_IMAGE=16-bullseye
 FROM node:${NODE_BUILD_IMAGE} as node_build_env
diff --git a/update.sh b/update.sh
new file mode 100755
index 0000000..7516fbf
--- /dev/null
+++ b/update.sh
@@ -0,0 +1,28 @@
+#!/usr/bin/env bash
+
+err() { echo $1; exit 1; }
+
+if [[ $# -ne 0 ]]
+then
+    BEANCOUNT_VERSION=$1
+else
+    BEANCOUNT_VERSION=$(git branch --show-current)
+fi
+
+if [[ ${BEANCOUNT_VERSION} == "master" ]]
+then
+    err "Please run update in a non-master branch"
+elif ! [[ ${BEANCOUNT_VERSION} =~ v.* ]]
+then
+    err "Beancount version should be a string matching /v.*/, got '${BEANCOUNT_VERSION}'"
+fi
+
+BEANCOUNT_VERSION=${BEANCOUNT_VERSION#v}
+
+REQUIREMENTS_TXT="https://raw.githubusercontent.com/beancount/beancount/${BEANCOUNT_VERSION}/requirements.txt"
+
+TMPFILE=$(mktemp)
+
+curl -o ${TMPFILE} ${REQUIREMENTS_TXT}
+
+pip-compile ${TMPFILE}