diff --git a/doc/README b/doc/README
index c04e884..83330b0 100644
--- a/doc/README
+++ b/doc/README
@@ -10,4 +10,21 @@
     3. Overview
     4. Architectural overview
     5. Account types
-    6. Booking rules
\ No newline at end of file
+    6. Booking rules
+    7. Setup
+
+
+    7. Setup
+    ========
+    This chapter explains how to setup a financer instance. It requires PostgreSQL as a database backend and a Java
+    Servlet Container (e.g. Apache Tomcat) as a runtime environment.
+
+    7.1 Database setup
+    ------------------
+    First install PostgreSQL. Then create a user for financer:
+        sudo -iu postgres
+        createuser --interactive
+    Enter 'financer' as role name and make it superuser. Then create the actual database:
+        createdb financer
+    Naming both, the user and the database, 'financer' is the expected default. If you want any other names you need
+    to adjust the database connection settings of the financer application.
\ No newline at end of file
diff --git a/src/main/resources/config/application-hsqldb.properties b/src/main/resources/config/application-hsqldb.properties
index e2f0f22..3976d92 100644
--- a/src/main/resources/config/application-hsqldb.properties
+++ b/src/main/resources/config/application-hsqldb.properties
@@ -1,4 +1,4 @@
-spring.flyway.locations=classpath:/database/hsqldb
+spring.flyway.locations=classpath:/database/hsqldb,classpath:/database/common
 
 # DataSource
 #spring.datasource.url=jdbc:hsqldb:file:/tmp/financer
diff --git a/src/main/resources/config/application-postgres.properties b/src/main/resources/config/application-postgres.properties
index 944068b..7082fd1 100644
--- a/src/main/resources/config/application-postgres.properties
+++ b/src/main/resources/config/application-postgres.properties
@@ -1 +1,7 @@
-spring.flyway.locations=classpath:/database/postgres
\ No newline at end of file
+spring.flyway.locations=classpath:/database/postgres,classpath:/database/common
+
+spring.datasource.url=jdbc:postgresql://localhost/financer
+spring.datasource.username=financer
+
+# See https://github.com/spring-projects/spring-boot/issues/12007
+spring.jpa.properties.hibernate.jdbc.lob.non_contextual_creation=true
\ No newline at end of file
diff --git a/src/main/resources/database/common/V1_0_1__initData.sql b/src/main/resources/database/common/V1_0_1__initData.sql
new file mode 100644
index 0000000..084e8fc
--- /dev/null
+++ b/src/main/resources/database/common/V1_0_1__initData.sql
@@ -0,0 +1,15 @@
+-- Accounts
+INSERT INTO account ("key", type, status, current_balance)
+VALUES ('accounts.checkaccount', 'BANK', 'OPEN', 0);
+
+INSERT INTO account ("key", type, status, current_balance)
+VALUES ('accounts.income', 'INCOME', 'OPEN', 0);
+
+INSERT INTO account ("key", type, status, current_balance)
+VALUES ('accounts.cash', 'CASH', 'OPEN', 0);
+
+INSERT INTO account ("key", type, status, current_balance)
+VALUES ('accounts.start', 'START', 'OPEN', 0);
+
+INSERT INTO account ("key", type, status, current_balance)
+VALUES ('accounts.rent', 'EXPENSE', 'OPEN', 0);
\ No newline at end of file
diff --git a/src/main/resources/database/hsqldb/V1_0_0__init.sql b/src/main/resources/database/hsqldb/V1_0_0__init.sql
index a8cca05..0737352 100644
--- a/src/main/resources/database/hsqldb/V1_0_0__init.sql
+++ b/src/main/resources/database/hsqldb/V1_0_0__init.sql
@@ -42,20 +42,4 @@ CREATE TABLE "transaction" ( --escape keyword "transaction"
     CONSTRAINT fk_transaction_from_account FOREIGN KEY (from_account_id) REFERENCES account (id),
     CONSTRAINT fk_transaction_to_account FOREIGN KEY (to_account_id) REFERENCES account (id),
     CONSTRAINT fk_transaction_recurring_transaction FOREIGN KEY (recurring_transaction_id) REFERENCES recurring_transaction (id)
-);
-
--- Accounts
-INSERT INTO account (id, "key", type, status, current_balance)
-VALUES (1, 'accounts.checkaccount', 'BANK', 'OPEN', 0); -- insert first with ID 1 so we get predictable numbering
-
-INSERT INTO account ("key", type, status, current_balance)
-VALUES ('accounts.income', 'INCOME', 'OPEN', 0);
-
-INSERT INTO account ("key", type, status, current_balance)
-VALUES ('accounts.cash', 'CASH', 'OPEN', 0);
-
-INSERT INTO account ("key", type, status, current_balance)
-VALUES ('accounts.start', 'START', 'OPEN', 0);
-
-INSERT INTO account ("key", type, status, current_balance)
-VALUES ('accounts.rent', 'EXPENSE', 'OPEN', 0);
\ No newline at end of file
+);
\ No newline at end of file
diff --git a/src/main/resources/database/postgres/V1_0_0__init.sql b/src/main/resources/database/postgres/V1_0_0__init.sql
new file mode 100644
index 0000000..52158af
--- /dev/null
+++ b/src/main/resources/database/postgres/V1_0_0__init.sql
@@ -0,0 +1,45 @@
+--
+-- This file contains the basic initialization of the financer schema and basic init data
+--
+
+-- Account table
+CREATE TABLE account (
+    id BIGINT NOT NULL PRIMARY KEY GENERATED ALWAYS AS IDENTITY,
+    "key" VARCHAR(1000) NOT NULL, --escape keyword "key"
+    type VARCHAR(255) NOT NULL,
+    status VARCHAR(255) NOT NULL,
+    current_balance BIGINT NOT NULL,
+
+    CONSTRAINT un_account_name_key UNIQUE ("key")
+);
+
+-- Recurring transaction table
+CREATE TABLE recurring_transaction (
+    id BIGINT NOT NULL PRIMARY KEY GENERATED ALWAYS AS IDENTITY,
+    from_account_id BIGINT NOT NULL,
+    to_account_id BIGINT NOT NULL,
+    description VARCHAR(1000),
+    amount BIGINT NOT NULL,
+    interval_type VARCHAR(255) NOT NULL,
+    first_occurrence DATE NOT NULL,
+    last_occurrence DATE,
+    holiday_weekend_type VARCHAR(255) NOT NULL,
+
+    CONSTRAINT fk_recurring_transaction_from_account FOREIGN KEY (from_account_id) REFERENCES account (id),
+    CONSTRAINT fk_recurring_transaction_to_account FOREIGN KEY (to_account_id) REFERENCES account (id)
+);
+
+-- Transaction table
+CREATE TABLE "transaction" ( --escape keyword "transaction"
+    id BIGINT NOT NULL PRIMARY KEY GENERATED ALWAYS AS IDENTITY,
+    from_account_id BIGINT NOT NULL,
+    to_account_id BIGINT NOT NULL,
+    "date" DATE NOT NULL, --escape keyword "date"
+    description VARCHAR(1000),
+    amount BIGINT NOT NULL,
+    recurring_transaction_id BIGINT,
+
+    CONSTRAINT fk_transaction_from_account FOREIGN KEY (from_account_id) REFERENCES account (id),
+    CONSTRAINT fk_transaction_to_account FOREIGN KEY (to_account_id) REFERENCES account (id),
+    CONSTRAINT fk_transaction_recurring_transaction FOREIGN KEY (recurring_transaction_id) REFERENCES recurring_transaction (id)
+);
\ No newline at end of file
diff --git a/src/test/resources/application-integrationtest.properties b/src/test/resources/application-integrationtest.properties
index b75a1d2..d6974b3 100644
--- a/src/test/resources/application-integrationtest.properties
+++ b/src/test/resources/application-integrationtest.properties
@@ -1,3 +1,5 @@
+spring.profiles.active=hsqldb,dev
+
 spring.datasource.url=jdbc:hsqldb:mem:.
 spring.datasource.username=sa
-spring.flyway.locations=classpath:/database/hsqldb,classpath:/database/hsqldb/integration
+spring.flyway.locations=classpath:/database/hsqldb,classpath:/database/hsqldb/integration,classpath:/database/common