diff --git a/finance/fava/Makefile b/finance/fava/Makefile
index b7b66d4b54a7..009bdc9824d4 100644
--- a/finance/fava/Makefile
+++ b/finance/fava/Makefile
@@ -1,38 +1,38 @@
 PORTNAME=	fava
-PORTVERSION=	1.22.3
+PORTVERSION=	1.23.1
 CATEGORIES=	finance
 MASTER_SITES=	CHEESESHOP
 
 MAINTAINER=	nivit@FreeBSD.org
 COMMENT=	Web interface for Beancount
 WWW=		https://beancount.github.io/fava/
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools_scm>0:devel/py-setuptools_scm@${PY_FLAVOR}
-RUN_DEPENDS=	beancount>=2.1.3:finance/beancount \
-		${PYTHON_PKGNAMEPREFIX}Babel>=2.6.0:devel/py-babel@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}cheroot>0:www/py-cheroot@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}flask-babel>=0.10.1:devel/py-flask-babel@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}Flask>=0.10.1:www/py-flask@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}Jinja2>=2.10:devel/py-Jinja2@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}click>0:devel/py-click@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}markdown2>2.3.0:textproc/py-markdown2@${PY_FLAVOR} \
+RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}Babel>=2.7:devel/py-babel@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}cheroot>=8:www/py-cheroot@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}click>=7:devel/py-click@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}flask-babel>1:devel/py-flask-babel@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}Flask>=2:www/py-flask@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}Jinja2>=3:devel/py-Jinja2@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}markdown2>=2.3.0:textproc/py-markdown2@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}ply>0:devel/py-ply@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}pytest>0:devel/py-pytest@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}requests>=0:www/py-requests@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}simplejson>=2.3.0:devel/py-simplejson@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}werkzeug>=0.15.0:www/py-werkzeug@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}pytest>0:devel/py-pytest@${PY_FLAVOR}
+		${PYTHON_PKGNAMEPREFIX}simplejson>=3.16.0:devel/py-simplejson@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}werkzeug>2:www/py-werkzeug@${PY_FLAVOR} \
+		beancount>=2.1.3:finance/beancount
 
-USES=		python:3.5+  # same as finance/beancount
+USES=		python:3.5+ # same as finance/beancount
 USE_PYTHON=	autoplist distutils noflavors
 
 # Upstream archive contains files with UTF-8 names
 EXTRACT_CMD=	${SETENV} LC_ALL=en_US.UTF-8 /usr/bin/bsdtar
 
 post-patch:
 	@${ECHO_CMD} "from setuptools import setup" > ${WRKSRC}/setup.py
 	@${ECHO_CMD} "setup()" >> ${WRKSRC}/setup.py
 
 .include <bsd.port.mk>
diff --git a/finance/fava/distinfo b/finance/fava/distinfo
index 90e1d434d641..c7a3e4f36524 100644
--- a/finance/fava/distinfo
+++ b/finance/fava/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1663077058
-SHA256 (fava-1.22.3.tar.gz) = 7bcfd53a7d169ab50eebdc7fe21286b602ae8f5d54d50bfb39485f38bfe9e43b
-SIZE (fava-1.22.3.tar.gz) = 2061252
+TIMESTAMP = 1668867380
+SHA256 (fava-1.23.1.tar.gz) = 530f142096be0edb32fa8df5235ca72f2859ac5357e36345457bb53b62126f35
+SIZE (fava-1.23.1.tar.gz) = 2069701