diff --git a/hledger-1.20.3.tar.gz b/hledger-1.20.3.tar.gz
deleted file mode 100644
index 28680ab..0000000
--- a/hledger-1.20.3.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:a9638c12d1eb7325af057d225d77411d60b0f144d907012617b44ec5ee2dc4f3
-size 695709
diff --git a/hledger-1.20.4.tar.gz b/hledger-1.20.4.tar.gz
new file mode 100644
index 0000000..7886428
--- /dev/null
+++ b/hledger-1.20.4.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:25e155fcee541e9c5a295dc5002b03f184049b80485b18901d9d660a26814dbb
+size 698277
diff --git a/hledger.changes b/hledger.changes
index 133e88a..b44bf9c 100644
--- a/hledger.changes
+++ b/hledger.changes
@@ -1,3 +1,15 @@
+-------------------------------------------------------------------
+Sun Jan 31 13:49:09 UTC 2021 - psimons@suse.com
+
+- Update hledger to version 1.20.4.
+  # 1.20.4 2021-01-29
+
+  - aregister: ignore a depth limit, as in 1.19 (#1468).
+    In 1.20-1.20.3, aregister had stopped showing transactions in subaccounts
+    below a depth limit. Now it properly shows all subaccount transactions,
+    ensuring that the register's final total matches a balance report with
+    similar arguments.
+
 -------------------------------------------------------------------
 Fri Jan 15 08:54:56 UTC 2021 - psimons@suse.com
 
diff --git a/hledger.spec b/hledger.spec
index 8249cbe..c9c8c47 100644
--- a/hledger.spec
+++ b/hledger.spec
@@ -19,7 +19,7 @@
 %global pkg_name hledger
 %bcond_with tests
 Name:           %{pkg_name}
-Version:        1.20.3
+Version:        1.20.4
 Release:        0
 Summary:        Command-line interface for the hledger accounting system
 License:        GPL-3.0-or-later