diff --git a/packages/desktop-client/src/components/Settings.js b/packages/desktop-client/src/components/Settings.js
index 0f5053bc92899b4b5d1a553a4c567b97b44f20a8..29ad3974eb8860f7c21d98afbd0485f1d3ee48d6 100644
--- a/packages/desktop-client/src/components/Settings.js
+++ b/packages/desktop-client/src/components/Settings.js
@@ -24,6 +24,8 @@ import ExpandArrow from 'loot-design/src/svg/ExpandArrow';
 import ExclamationSolid from 'loot-design/src/svg/v1/ExclamationSolid';
 import Platform from 'loot-core/src/client/platform';
 
+import useServerVersion from '../hooks/useServerVersion';
+
 let dateFormats = [
   { value: 'MM/dd/yyyy', label: 'MM/DD/YYYY' },
   { value: 'dd/MM/yyyy', label: 'DD/MM/YYYY' },
@@ -474,19 +476,7 @@ function SettingsLink({ to, name, style, first, last }) {
 }
 
 function Version() {
-  let [version, setVersion] = useState('');
-
-  useEffect(() => {
-    (async () => {
-      const { error, version } = await send('get-server-version');
-
-      if (error) {
-        setVersion('');
-      } else {
-        setVersion(version);
-      }
-    })();
-  }, []);
+  const version = useServerVersion();
 
   return (
     <Text
@@ -501,8 +491,7 @@ function Version() {
         styles.smallText
       ]}
     >
-      {`App: v${window.Actual.ACTUAL_VERSION}` +
-        ` | Server: ${version ? `v${version}` : 'N/A'}`}
+      {`App: v${window.Actual.ACTUAL_VERSION} | Server: ${version}`}
     </Text>
   );
 }
diff --git a/packages/desktop-client/src/hooks/useServerVersion.js b/packages/desktop-client/src/hooks/useServerVersion.js
new file mode 100644
index 0000000000000000000000000000000000000000..96f93d1864ec543b180bbf7ae9678eab5b8267b5
--- /dev/null
+++ b/packages/desktop-client/src/hooks/useServerVersion.js
@@ -0,0 +1,22 @@
+import React, { useState, useEffect } from 'react';
+import { send } from 'loot-core/src/platform/client/fetch';
+
+function useServerVersion() {
+  let [version, setVersion] = useState('');
+
+  useEffect(() => {
+    (async () => {
+      const { error, version } = await send('get-server-version');
+
+      if (error) {
+        setVersion('');
+      } else {
+        setVersion(version);
+      }
+    })();
+  }, []);
+
+  return version ? `v${version}` : 'N/A';
+}
+
+export default useServerVersion;