diff --git a/openpype/settings/defaults/project_settings/photoshop.json b/openpype/settings/defaults/project_settings/photoshop.json
index 552c2c9cad..8ea36a3000 100644
--- a/openpype/settings/defaults/project_settings/photoshop.json
+++ b/openpype/settings/defaults/project_settings/photoshop.json
@@ -15,6 +15,9 @@
         "CollectInstances": {
             "flatten_subset_template": ""
         },
+        "CollectVersion": {
+            "sync_workfile_version": true
+        },
         "ValidateContainers": {
             "enabled": true,
             "optional": true,
diff --git a/openpype/settings/entities/schemas/projects_schema/schema_project_photoshop.json b/openpype/settings/entities/schemas/projects_schema/schema_project_photoshop.json
index 7aa49c99a4..500c5d027b 100644
--- a/openpype/settings/entities/schemas/projects_schema/schema_project_photoshop.json
+++ b/openpype/settings/entities/schemas/projects_schema/schema_project_photoshop.json
@@ -131,6 +131,23 @@
                         }
                     ]
                 },
+                {
+                    "type": "dict",
+                    "collapsible": true,
+                    "key": "CollectVersion",
+                    "label": "Collect Version",
+                    "children": [
+                        {
+                            "type": "label",
+                            "label": "Synchronize version for image and review instances by workfile version."
+                        },
+                        {
+                            "type": "boolean",
+                            "key": "sync_workfile_version",
+                            "label": "Synchronize version with workfile"
+                        }
+                    ]
+                },
                 {
                     "type": "schema_template",
                     "name": "template_publish_plugin",