diff --git a/Makefile b/Makefile
index d6b3fe265..1949fe1ae 100644
--- a/Makefile
+++ b/Makefile
@@ -515,7 +515,7 @@ setandrecordversion: setversion
 # update the version string in local files. Triggered by "make".
 setversion: $(VERSIONSENSITIVEFILES)
 
-Version.hs: $(VERSIONFILE)
+Hledger/Cli/Version.hs: $(VERSIONFILE)
 	perl -p -e "s/(^version *= *)\".*?\"/\1\"$(VERSION3)\"/" -i $@
 
 hledger.cabal: $(VERSIONFILE)