diff --git a/sdk/postgresql/Azure.ResourceManager.PostgreSql/CHANGELOG.md b/sdk/postgresql/Azure.ResourceManager.PostgreSql/CHANGELOG.md
index 9ad04e7ebdc2..c9f80cd9ba71 100644
--- a/sdk/postgresql/Azure.ResourceManager.PostgreSql/CHANGELOG.md
+++ b/sdk/postgresql/Azure.ResourceManager.PostgreSql/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Release History
 
+## 1.3.0-beta.1 (Unreleased)
+
+### Features Added
+
+### Breaking Changes
+
+### Bugs Fixed
+
+### Other Changes
+
 ## 1.2.0 (2024-11-05)
 
 This release uses GA api version 2024-08-01 for PostgreSQL flexible server.
diff --git a/sdk/postgresql/Azure.ResourceManager.PostgreSql/src/Azure.ResourceManager.PostgreSql.csproj b/sdk/postgresql/Azure.ResourceManager.PostgreSql/src/Azure.ResourceManager.PostgreSql.csproj
index 6189a431f0a1..ef5479d008c5 100644
--- a/sdk/postgresql/Azure.ResourceManager.PostgreSql/src/Azure.ResourceManager.PostgreSql.csproj
+++ b/sdk/postgresql/Azure.ResourceManager.PostgreSql/src/Azure.ResourceManager.PostgreSql.csproj
@@ -1,8 +1,8 @@
 <Project Sdk="Microsoft.NET.Sdk">
   <PropertyGroup>
-    <Version>1.2.0</Version>
+    <Version>1.3.0-beta.1</Version>
     <!--The ApiCompatVersion is managed automatically and should not generally be modified manually.-->
-    <ApiCompatVersion>1.1.3</ApiCompatVersion>
+    <ApiCompatVersion>1.2.0</ApiCompatVersion>
     <PackageId>Azure.ResourceManager.PostgreSql</PackageId>
     <Description>Microsoft Azure Resource Manager client SDK for Azure resource provider Microsoft.DBforPostgreSQL.</Description>
     <PackageTags>azure;management;arm;resource manager;postgresql</PackageTags>