diff --git a/Cargo.lock b/Cargo.lock
index b9f383413..1a7816b21 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -363,7 +363,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-api-api"
-version = "0.2.3"
+version = "0.4.0"
 dependencies = [
  "reqwest",
  "serde",
@@ -376,7 +376,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-api-identity"
-version = "0.2.3"
+version = "0.4.0"
 dependencies = [
  "reqwest",
  "serde",
@@ -398,7 +398,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-cli"
-version = "0.1.0"
+version = "0.4.0"
 dependencies = [
  "clap",
  "color-eyre",
@@ -408,7 +408,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-crypto"
-version = "0.1.0"
+version = "0.4.0"
 dependencies = [
  "aes",
  "argon2",
@@ -438,7 +438,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-exporters"
-version = "0.1.0"
+version = "0.4.0"
 dependencies = [
  "base64",
  "bitwarden-crypto",
@@ -452,7 +452,7 @@ dependencies = [
 
 [[package]]
 name = "bitwarden-generators"
-version = "0.1.0"
+version = "0.4.0"
 dependencies = [
  "bitwarden-crypto",
  "rand",
diff --git a/Cargo.toml b/Cargo.toml
index 64920d58c..ca8d49461 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -4,6 +4,8 @@ members = ["crates/*"]
 
 # Global settings for all crates should be defined here
 [workspace.package]
+# Update using `cargo set-version -p bitwarden <new-version>`
+version = "0.4.0"
 authors = ["Bitwarden Inc"]
 edition = "2021"
 # Note: Changing rust-version should be considered a breaking change
@@ -15,12 +17,12 @@ keywords = ["bitwarden"]
 
 # Define dependencies that are expected to be consistent across all crates
 [workspace.dependencies]
-bitwarden = { path = "crates/bitwarden", version = "0.4.0" }
-bitwarden-api-api = { path = "crates/bitwarden-api-api", version = "0.2.3" }
-bitwarden-api-identity = { path = "crates/bitwarden-api-identity", version = "=0.2.3" }
-bitwarden-crypto = { path = "crates/bitwarden-crypto", version = "=0.1.0" }
-bitwarden-exporters = { path = "crates/bitwarden-exporters", version = "=0.1.0" }
-bitwarden-generators = { path = "crates/bitwarden-generators", version = "=0.1.0" }
+bitwarden = { path = "crates/bitwarden", version = "=0.4.0" }
+bitwarden-api-api = { path = "crates/bitwarden-api-api", version = "=0.4.0" }
+bitwarden-api-identity = { path = "crates/bitwarden-api-identity", version = "=0.4.0" }
+bitwarden-crypto = { path = "crates/bitwarden-crypto", version = "=0.4.0" }
+bitwarden-exporters = { path = "crates/bitwarden-exporters", version = "=0.4.0" }
+bitwarden-generators = { path = "crates/bitwarden-generators", version = "=0.4.0" }
 
 # Compile all dependencies with some optimizations when building this crate on debug
 # This slows down clean builds by about 50%, but the resulting binaries can be orders of magnitude faster
diff --git a/crates/bitwarden-api-api/Cargo.toml b/crates/bitwarden-api-api/Cargo.toml
index 427b4bd97..c0eb0c3c5 100644
--- a/crates/bitwarden-api-api/Cargo.toml
+++ b/crates/bitwarden-api-api/Cargo.toml
@@ -1,11 +1,11 @@
 [package]
 name = "bitwarden-api-api"
-version = "0.2.3"
 description = """
 Api bindings for the Bitwarden API.
 """
 categories = ["api-bindings"]
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden-api-identity/Cargo.toml b/crates/bitwarden-api-identity/Cargo.toml
index 7f09cfdb8..c3b345300 100644
--- a/crates/bitwarden-api-identity/Cargo.toml
+++ b/crates/bitwarden-api-identity/Cargo.toml
@@ -1,11 +1,11 @@
 [package]
 name = "bitwarden-api-identity"
-version = "0.2.3"
 description = """
 Api bindings for the Bitwarden Identity API.
 """
 categories = ["api-bindings"]
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden-cli/Cargo.toml b/crates/bitwarden-cli/Cargo.toml
index de5a4f9fc..2a2cb3a98 100644
--- a/crates/bitwarden-cli/Cargo.toml
+++ b/crates/bitwarden-cli/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "bitwarden-cli"
-version = "0.1.0"
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden-crypto/Cargo.toml b/crates/bitwarden-crypto/Cargo.toml
index ce0424c63..124725340 100644
--- a/crates/bitwarden-crypto/Cargo.toml
+++ b/crates/bitwarden-crypto/Cargo.toml
@@ -1,10 +1,10 @@
 [package]
 name = "bitwarden-crypto"
-version = "0.1.0"
 description = """
 Internal crate for the bitwarden crate. Do not use.
 """
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden-exporters/Cargo.toml b/crates/bitwarden-exporters/Cargo.toml
index 0607369d0..4ef8018b4 100644
--- a/crates/bitwarden-exporters/Cargo.toml
+++ b/crates/bitwarden-exporters/Cargo.toml
@@ -1,11 +1,11 @@
 [package]
 name = "bitwarden-exporters"
-version = "0.1.0"
 description = """
 Internal crate for the bitwarden crate. Do not use.
 """
 exclude = ["/resources"]
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden-generators/Cargo.toml b/crates/bitwarden-generators/Cargo.toml
index e43d4530f..b807191c4 100644
--- a/crates/bitwarden-generators/Cargo.toml
+++ b/crates/bitwarden-generators/Cargo.toml
@@ -1,10 +1,10 @@
 [package]
 name = "bitwarden-generators"
-version = "0.1.0"
 description = """
 Internal crate for the bitwarden crate. Do not use.
 """
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bitwarden/Cargo.toml b/crates/bitwarden/Cargo.toml
index 59e7dd8e5..5846d28ae 100644
--- a/crates/bitwarden/Cargo.toml
+++ b/crates/bitwarden/Cargo.toml
@@ -1,11 +1,11 @@
 [package]
 name = "bitwarden"
-version = "0.4.0"
 description = """
 Bitwarden Secrets Manager SDK
 """
 keywords = ["bitwarden", "secrets-manager"]
 
+version.workspace = true
 authors.workspace = true
 edition.workspace = true
 rust-version.workspace = true
diff --git a/crates/bw/Cargo.toml b/crates/bw/Cargo.toml
index c54c35e28..86e47c9b1 100644
--- a/crates/bw/Cargo.toml
+++ b/crates/bw/Cargo.toml
@@ -22,7 +22,7 @@ log = "0.4.20"
 tokio = { version = "1.36.0", features = ["rt-multi-thread", "macros"] }
 
 bitwarden = { workspace = true, features = ["internal", "mobile"] }
-bitwarden-cli = { path = "../bitwarden-cli", version = "0.1.0" }
+bitwarden-cli = { path = "../bitwarden-cli", version = "0.4.0" }
 
 [dev-dependencies]
 tempfile = "3.10.0"