Updating Frappe and ERPNext

Good day all
I have recently completed my first ERPNext install on a Digital Ocean droplet.
When I log in now, it indicates there are new versions for Frappe and ERPNext.
( I did not make a note of the new version )
But my version info is:
ERPNext 12.10.1
Frappe 12.8.4

I had a look at a few threads on this forum, and it seems all I have to do is run
bench update
Will this be run in the “bench” folder?
Will this update Frappe as well as ERPNext ??

That is ofcourse after making a snapshot of the current system !!!




thank you Joseph_Marie_Alba1 !!!