diff --git a/stable/odoo/Chart.yaml b/stable/odoo/Chart.yaml
index 56be3cd836c5..ec1774c91705 100644
--- a/stable/odoo/Chart.yaml
+++ b/stable/odoo/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v1
 name: odoo
-version: 11.1.11
+version: 12.0.0
 appVersion: 12.0.20191015
 description: A suite of web based open source business apps.
 home: https://www.odoo.com/
diff --git a/stable/odoo/README.md b/stable/odoo/README.md
index b4129ca9e212..ad18f1d02407 100644
--- a/stable/odoo/README.md
+++ b/stable/odoo/README.md
@@ -166,6 +166,14 @@ See the [Parameters](#parameters) section to configure the PVC or to disable per
 
 ## Upgrading
 
+### To 12.0.0
+
+Helm performs a lookup for the object based on its group (apps), version (v1), and kind (Deployment). Also known as its GroupVersionKind, or GVK. Changing the GVK is considered a compatibility breaker from Kubernetes' point of view, so you cannot "upgrade" those objects to the new GVK in-place. Earlier versions of Helm 3 did not perform the lookup correctly which has since been fixed to match the spec.
+
+In https://github.com/helm/charts/pull/17352 the `apiVersion` of the deployment resources was updated to `apps/v1` in tune with the api's deprecated, resulting in compatibility breakage.
+
+This major version signifies this change.
+
 ### To 3.0.0
 
 Backwards compatibility is not guaranteed unless you modify the labels used on the chart's deployments.
diff --git a/stable/odoo/requirements.lock b/stable/odoo/requirements.lock
index 7e22c4647a6d..da2f67e9c1e8 100644
--- a/stable/odoo/requirements.lock
+++ b/stable/odoo/requirements.lock
@@ -1,6 +1,6 @@
 dependencies:
 - name: postgresql
   repository: https://kubernetes-charts.storage.googleapis.com/
-  version: 6.5.4
-digest: sha256:3fb60c16194499f6ebb30080e98e402f6c6d0fcf1133b8b03c2a90224b3fc291
-generated: 2019-10-29T18:16:22.284254529Z
+  version: 7.0.0
+digest: sha256:e7c3fc1c0606c69cfd4240a86f1ada88086f7b37b51d16a4ce56cf48314065e3
+generated: "2019-11-09T11:07:10.545595711+05:30"
diff --git a/stable/odoo/requirements.yaml b/stable/odoo/requirements.yaml
index c47db878c781..4ead27b1473b 100644
--- a/stable/odoo/requirements.yaml
+++ b/stable/odoo/requirements.yaml
@@ -1,5 +1,5 @@
 dependencies:
 - name: postgresql
   condition: postgresql.enabled
-  version: 6.x.x
+  version: 7.x.x
   repository: https://kubernetes-charts.storage.googleapis.com/
diff --git a/stable/odoo/templates/_helpers.tpl b/stable/odoo/templates/_helpers.tpl
index e35719a320be..8e65eafc6680 100644
--- a/stable/odoo/templates/_helpers.tpl
+++ b/stable/odoo/templates/_helpers.tpl
@@ -124,3 +124,14 @@ but Helm 2.9 and 2.10 does not support it, so we need to implement this if-else
     {{- end -}}
 {{- end -}}
 {{- end -}}
+
+{{/*
+Return the appropriate apiVersion for deployment.
+*/}}
+{{- define "odoo.deployment.apiVersion" -}}
+{{- if semverCompare "<1.14-0" .Capabilities.KubeVersion.GitVersion -}}
+{{- print "extensions/v1beta1" -}}
+{{- else -}}
+{{- print "apps/v1" -}}
+{{- end -}}
+{{- end -}}
diff --git a/stable/odoo/templates/deployment.yaml b/stable/odoo/templates/deployment.yaml
index cd2f63036c5f..ab1346c8ae09 100644
--- a/stable/odoo/templates/deployment.yaml
+++ b/stable/odoo/templates/deployment.yaml
@@ -1,4 +1,4 @@
-apiVersion: apps/v1
+apiVersion: {{ template "odoo.deployment.apiVersion" . }}
 kind: Deployment
 metadata:
   name: {{ template "odoo.fullname" . }}