diff --git a/postgres/models.go b/postgres/models.go
index 182c982..4cf15ba 100644
--- a/postgres/models.go
+++ b/postgres/models.go
@@ -9,18 +9,32 @@ import (
 	"github.com/google/uuid"
 )
 
+type Account struct {
+	ID       uuid.UUID
+	BudgetID uuid.UUID
+	Name     string
+}
+
 type Budget struct {
 	Name             string
 	LastModification sql.NullTime
 	ID               uuid.UUID
 }
 
-type Transaction struct {
+type Payee struct {
 	ID       uuid.UUID
 	BudgetID uuid.UUID
-	Date     time.Time
-	Memo     sql.NullString
-	Amount   string
+	Name     string
+}
+
+type Transaction struct {
+	ID        uuid.UUID
+	BudgetID  uuid.UUID
+	Date      time.Time
+	Memo      sql.NullString
+	Amount    string
+	AccountID uuid.UUID
+	PayeeID   uuid.NullUUID
 }
 
 type User struct {
diff --git a/postgres/schema/0003_users.sql b/postgres/schema/0002_users.sql
similarity index 100%
rename from postgres/schema/0003_users.sql
rename to postgres/schema/0002_users.sql
diff --git a/postgres/schema/0002_user_budgets.sql b/postgres/schema/0003_user_budgets.sql
similarity index 100%
rename from postgres/schema/0002_user_budgets.sql
rename to postgres/schema/0003_user_budgets.sql
diff --git a/postgres/schema/0006_accounts.sql b/postgres/schema/0006_accounts.sql
new file mode 100644
index 0000000..af97d51
--- /dev/null
+++ b/postgres/schema/0006_accounts.sql
@@ -0,0 +1,37 @@
+-- +goose Up
+CREATE TABLE accounts (
+        id uuid DEFAULT uuid_generate_v4() NOT NULL,
+        budget_id uuid NOT NULL,
+        name varchar(50) NOT NULL
+);
+
+CREATE TABLE payees (
+        id uuid DEFAULT uuid_generate_v4() NOT NULL,
+        budget_id uuid NOT NULL,
+        name varchar(50) NOT NULL
+);
+
+TRUNCATE TABLE transactions;
+ALTER TABLE transactions ADD COLUMN account_id uuid NOT NULL;
+ALTER TABLE transactions ADD COLUMN payee_id uuid;
+
+
+
+ALTER TABLE "user_budgets" ADD FOREIGN KEY ("user_id") REFERENCES "users" ("id");
+
+ALTER TABLE "user_budgets" ADD FOREIGN KEY ("budget_id") REFERENCES "budgets" ("id");
+
+ALTER TABLE "transactions" ADD FOREIGN KEY ("account_id") REFERENCES "accounts" ("id");
+
+ALTER TABLE "accounts" ADD FOREIGN KEY ("budget_id") REFERENCES "budgets" ("id");
+
+ALTER TABLE "categories" ADD FOREIGN KEY ("budget_id") REFERENCES "budgets" ("id");
+
+ALTER TABLE "assignments" ADD FOREIGN KEY ("category_id") REFERENCES "categories" ("id");
+
+-- +goose Down
+ALTER TABLE transactions DROP COLUMN account_id;
+ALTER TABLE transactions DROP COLUMN payee_id;
+
+DROP TABLE accounts;
+DROP TABLE payees;
\ No newline at end of file
diff --git a/postgres/transactions.sql.go b/postgres/transactions.sql.go
index 6c27502..cd27f07 100644
--- a/postgres/transactions.sql.go
+++ b/postgres/transactions.sql.go
@@ -15,7 +15,7 @@ const createTransaction = `-- name: CreateTransaction :one
 INSERT INTO transactions
 (budget_id, date, memo, amount)
 VALUES ($1, $2, $3, $4)
-RETURNING id, budget_id, date, memo, amount
+RETURNING id, budget_id, date, memo, amount, account_id, payee_id
 `
 
 type CreateTransactionParams struct {
@@ -39,12 +39,14 @@ func (q *Queries) CreateTransaction(ctx context.Context, arg CreateTransactionPa
 		&i.Date,
 		&i.Memo,
 		&i.Amount,
+		&i.AccountID,
+		&i.PayeeID,
 	)
 	return i, err
 }
 
 const getTransactionsForBudget = `-- name: GetTransactionsForBudget :many
-SELECT transactions.id, transactions.budget_id, transactions.date, transactions.memo, transactions.amount FROM transactions 
+SELECT transactions.id, transactions.budget_id, transactions.date, transactions.memo, transactions.amount, transactions.account_id, transactions.payee_id FROM transactions 
 WHERE transactions.budget_id = $1
 `
 
@@ -63,6 +65,8 @@ func (q *Queries) GetTransactionsForBudget(ctx context.Context, budgetID uuid.UU
 			&i.Date,
 			&i.Memo,
 			&i.Amount,
+			&i.AccountID,
+			&i.PayeeID,
 		); err != nil {
 			return nil, err
 		}