diff --git a/core/api/org.go b/core/api/org.go
index bea5a4b..74c3c08 100644
--- a/core/api/org.go
+++ b/core/api/org.go
@@ -22,6 +22,7 @@ import (
  * @apiSuccess {String} name Name of the Org.
  * @apiSuccess {String} currency Three letter currency code.
  * @apiSuccess {Number} precision How many digits the currency goes out to.
+ * @apiSuccess {String} timezone Timezone to use for accounting.
  *
  * @apiSuccessExample Success-Response:
  *     HTTP/1.1 200 OK
@@ -32,6 +33,7 @@ import (
  *       "name": "MyOrg",
  *       "currency": "USD",
  *       "precision": 2,
+ *       "timezone": "America/New_York"
  *     }
  *
  * @apiUse NotAuthorizedError
@@ -66,6 +68,7 @@ func GetOrg(w rest.ResponseWriter, r *rest.Request) {
  * @apiSuccess {String} name Name of the Org.
  * @apiSuccess {String} currency Three letter currency code.
  * @apiSuccess {Number} precision How many digits the currency goes out to.
+ @apiSuccess {String} timezone Timezone to use for accounting.
  *
  * @apiSuccessExample Success-Response:
  *     HTTP/1.1 200 OK
@@ -77,6 +80,7 @@ func GetOrg(w rest.ResponseWriter, r *rest.Request) {
  *         "name": "MyOrg",
  *         "currency": "USD",
  *         "precision": 2,
+ *         "timezone": "America/New_York"
  *       }
  *     ]
  *
@@ -109,6 +113,7 @@ func GetOrgs(w rest.ResponseWriter, r *rest.Request) {
  * @apiParam {String} name Name of the Org.
  * @apiParam {String} currency Three letter currency code.
  * @apiParam {Number} precision How many digits the currency goes out to.
+ * @apiParam {String} timezone Timezone to use for accounting.
  *
  * @apiSuccess {String} id Id of the Org.
  * @apiSuccess {Date} inserted Date Org was created
@@ -116,6 +121,7 @@ func GetOrgs(w rest.ResponseWriter, r *rest.Request) {
  * @apiSuccess {String} name Name of the Org.
  * @apiSuccess {String} currency Three letter currency code.
  * @apiSuccess {Number} precision How many digits the currency goes out to.
+ * @apiSuccess {String} timezone Timezone to use for accounting.
  *
  * @apiSuccessExample Success-Response:
  *     HTTP/1.1 200 OK
@@ -126,6 +132,7 @@ func GetOrgs(w rest.ResponseWriter, r *rest.Request) {
  *       "name": "MyOrg",
  *       "currency": "USD",
  *       "precision": 2,
+ *       "timezone": "America/New_York"
  *     }
  *
  * @apiUse NotAuthorizedError
@@ -167,6 +174,7 @@ func PostOrg(w rest.ResponseWriter, r *rest.Request) {
  * @apiSuccess {String} name Name of the Org.
  * @apiSuccess {String} currency Three letter currency code.
  * @apiSuccess {Number} precision How many digits the currency goes out to.
+ * @apiSuccess {String} timezone Timezone to use for accounting.
  *
  * @apiSuccessExample Success-Response:
  *     HTTP/1.1 200 OK
@@ -177,6 +185,7 @@ func PostOrg(w rest.ResponseWriter, r *rest.Request) {
  *       "name": "MyOrg",
  *       "currency": "USD",
  *       "precision": 2,
+ *       "timezone": "America/New_York"
  *     }
  *
  * @apiUse NotAuthorizedError
diff --git a/core/model/db/org.go b/core/model/db/org.go
index 1706007..ae439f7 100644
--- a/core/model/db/org.go
+++ b/core/model/db/org.go
@@ -21,7 +21,7 @@ type OrgInterface interface {
 	DeleteInvite(string) error
 }
 
-const orgFields = "LOWER(HEX(o.id)),o.inserted,o.updated,o.name,o.currency,o.`precision`"
+const orgFields = "LOWER(HEX(o.id)),o.inserted,o.updated,o.name,o.currency,o.`precision`,o.timezone"
 const inviteFields = "i.id,LOWER(HEX(i.orgId)),i.inserted,i.updated,i.email,i.accepted"
 
 func (db *DB) CreateOrg(org *types.Org, userId string, accounts []*types.Account) (err error) {
@@ -46,7 +46,7 @@ func (db *DB) CreateOrg(org *types.Org, userId string, accounts []*types.Account
 	org.Updated = org.Inserted
 
 	// create org
-	query1 := "INSERT INTO org(id,inserted,updated,name,currency,`precision`) VALUES(UNHEX(?),?,?,?,?,?)"
+	query1 := "INSERT INTO org(id,inserted,updated,name,currency,`precision`,timezone) VALUES(UNHEX(?),?,?,?,?,?,?)"
 
 	res, err := tx.Exec(
 		query1,
@@ -56,6 +56,7 @@ func (db *DB) CreateOrg(org *types.Org, userId string, accounts []*types.Account
 		org.Name,
 		org.Currency,
 		org.Precision,
+		org.Timezone,
 	)
 
 	if err != nil {
@@ -126,11 +127,12 @@ func (db *DB) CreateOrg(org *types.Org, userId string, accounts []*types.Account
 func (db *DB) UpdateOrg(org *types.Org) error {
 	org.Updated = time.Now()
 
-	query := "UPDATE org SET updated = ?, name = ? WHERE id = UNHEX(?)"
+	query := "UPDATE org SET updated = ?, name = ?, timezone = ? WHERE id = UNHEX(?)"
 	_, err := db.Exec(
 		query,
 		util.TimeToMs(org.Updated),
 		org.Name,
+		org.Timezone,
 		org.Id,
 	)
 
@@ -143,7 +145,7 @@ func (db *DB) GetOrg(orgId string, userId string) (*types.Org, error) {
 	var updated int64
 
 	err := db.QueryRow("SELECT "+orgFields+" FROM org o JOIN userorg ON userorg.orgId = o.id WHERE o.id = UNHEX(?) AND userorg.userId = UNHEX(?)", orgId, userId).
-		Scan(&o.Id, &inserted, &updated, &o.Name, &o.Currency, &o.Precision)
+		Scan(&o.Id, &inserted, &updated, &o.Name, &o.Currency, &o.Precision, &o.Timezone)
 
 	switch {
 	case err == sql.ErrNoRows:
@@ -173,7 +175,7 @@ func (db *DB) GetOrgs(userId string) ([]*types.Org, error) {
 		var inserted int64
 		var updated int64
 
-		err = rows.Scan(&o.Id, &inserted, &updated, &o.Name, &o.Currency, &o.Precision)
+		err = rows.Scan(&o.Id, &inserted, &updated, &o.Name, &o.Currency, &o.Precision, &o.Timezone)
 		if err != nil {
 			return nil, err
 		}
diff --git a/core/model/types/org.go b/core/model/types/org.go
index 124bab5..34452cb 100644
--- a/core/model/types/org.go
+++ b/core/model/types/org.go
@@ -11,4 +11,5 @@ type Org struct {
 	Name      string    `json:"name"`
 	Currency  string    `json:"currency"`
 	Precision int       `json:"precision"`
+	Timezone  string    `json:"timezone"`
 }
diff --git a/migrations/migrate2.go b/migrations/migrate2.go
new file mode 100644
index 0000000..87f28d9
--- /dev/null
+++ b/migrations/migrate2.go
@@ -0,0 +1,105 @@
+package main
+
+import (
+  "encoding/json"
+  "github.com/openaccounting/oa-server/core/model/db"
+  "github.com/openaccounting/oa-server/core/model/types"
+  "log"
+  "os"
+)
+
+func main() {
+  if len(os.Args) != 2 {
+    log.Fatal("Usage: migrate2.go <upgrade/downgrade>")
+  }
+
+  command := os.Args[1]
+
+  if command != "upgrade" && command != "downgrade" {
+    log.Fatal("Usage: migrate2.go <upgrade/downgrade>")
+  }
+
+  //filename is the path to the json config file
+  var config types.Config
+  file, err := os.Open("./config.json")
+
+  if err != nil {
+    log.Fatal(err)
+  }
+
+  decoder := json.NewDecoder(file)
+  err = decoder.Decode(&config)
+
+  if err != nil {
+    log.Fatal(err)
+  }
+
+  connectionString := config.User + ":" + config.Password + "@/" + config.Database
+  db, err := db.NewDB(connectionString)
+
+  if command == "upgrade" {
+    err = upgrade(db)
+  } else {
+    err = downgrade(db)
+  }
+
+  if err != nil {
+    log.Fatal(err)
+  }
+
+  log.Println("done")
+}
+
+func upgrade(db *db.DB) (err error) {
+  tx, err := db.Begin()
+
+  if err != nil {
+    return
+  }
+
+  defer func() {
+    if p := recover(); p != nil {
+      tx.Rollback()
+      panic(p) // re-throw panic after Rollback
+    } else if err != nil {
+      tx.Rollback()
+    } else {
+      err = tx.Commit()
+    }
+  }()
+
+  query1 := "ALTER TABLE org ADD COLUMN timezone VARCHAR(100) NOT NULL AFTER `precision`"
+
+  if _, err = tx.Exec(query1); err != nil {
+    return
+  }
+
+  return
+}
+
+func downgrade(db *db.DB) (err error) {
+  tx, err := db.Begin()
+
+  if err != nil {
+    return
+  }
+
+  defer func() {
+    if p := recover(); p != nil {
+      tx.Rollback()
+      panic(p) // re-throw panic after Rollback
+    } else if err != nil {
+      tx.Rollback()
+    } else {
+      err = tx.Commit()
+    }
+  }()
+
+  query1 := "ALTER TABLE org DROP COLUMN timezone"
+
+  if _, err = tx.Exec(query1); err != nil {
+    return
+  }
+
+  return
+}
diff --git a/schema.sql b/schema.sql
index 998beea..36aa3a4 100644
--- a/schema.sql
+++ b/schema.sql
@@ -4,7 +4,7 @@ CREATE DATABASE openaccounting CHARACTER SET utf8mb4 COLLATE utf8mb4_unicode_ci;
 
 use openaccounting;
 
-CREATE TABLE org (id BINARY(16) NOT NULL, inserted BIGINT UNSIGNED NOT NULL, updated BIGINT UNSIGNED NOT NULL, name VARCHAR(100) NOT NULL, currency VARCHAR(10) NOT NULL, `precision` INT NOT NULL, PRIMARY KEY(id)) ENGINE=InnoDB;
+CREATE TABLE org (id BINARY(16) NOT NULL, inserted BIGINT UNSIGNED NOT NULL, updated BIGINT UNSIGNED NOT NULL, name VARCHAR(100) NOT NULL, currency VARCHAR(10) NOT NULL, `precision` INT NOT NULL, timezone VARCHAR(100) NOT NULL, PRIMARY KEY(id)) ENGINE=InnoDB;
 
 CREATE TABLE user (id BINARY(16) NOT NULL, inserted BIGINT UNSIGNED NOT NULL, updated BIGINT UNSIGNED NOT NULL, firstName VARCHAR(50) NOT NULL, lastName VARCHAR(50) NOT NULL, email VARCHAR(100) NOT NULL, passwordHash VARCHAR(100) NOT NULL, agreeToTerms BOOLEAN NOT NULL, passwordReset VARCHAR(32) NOT NULL, emailVerified BOOLEAN NOT NULL, emailVerifyCode VARCHAR(32) NOT NULL, signupSource VARCHAR(100) NOT NULL, UNIQUE(email), PRIMARY KEY(id)) ENGINE=InnoDB;