IMHO Luc Maurer suggested to use journals for opening, closing and adjusting 
when we discussed this issue.

and I tend to agree 
* OpenERP periods have start end end dates and are only suitable to represent 
month or quarters, but not "content"

* Journals represent content
** Opening 
** Closing
** Adjusting
*** years end - (I have seen more than ONE period of adjusting)
*** Mergers & splits - journals seem to be an ideal tool to integrate financial 
data mergers and to isolate postings for splitting - here in Austria it is 
common and legal to merge and split companies up to 9 month backwards - and for 
comparison it is wise to adjust data on a period level. 

it's just a matter of selecting all or only selected journal (types ?) for 
reporting purpose.




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http://www.openerp.com/forum/viewtopic.php?p=28560#28560

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