We present the spectra of accretion discs around white dwarfs calculated with an improved and updated version of Shaviv and Wehrse [Shaviv, G., Wehrse, R., 1991. A&A 251, 117] model. The new version includes line opacities and convective energy transport and can be used to calculate the spectra of hot discs in bright systems (nova-like variables or dwarf novae in outburst) as well as the spectra of cold accretion discs in quiescent dwarf novae.