diff --git a/addons/account/account.py b/addons/account/account.py
index 3abbe4cef2e..ada9a12cb4a 100644
--- a/addons/account/account.py
+++ b/addons/account/account.py
@@ -805,19 +805,28 @@ class account_fiscalyear(osv.osv):
         (_check_fiscal_year, 'Error! You cannot define overlapping fiscal years',['date_start', 'date_stop'])
     ]
 
-    def create_period3(self,cr, uid, ids, context=None):
+    def create_period3(self, cr, uid, ids, context=None):
         return self.create_period(cr, uid, ids, context, 3)
 
-    def create_period(self,cr, uid, ids, context=None, interval=1):
+    def create_period(self, cr, uid, ids, context=None, interval=1):
+        period_obj = self.pool.get('account.period')
         for fy in self.browse(cr, uid, ids, context=context):
             ds = datetime.strptime(fy.date_start, '%Y-%m-%d')
-            while ds.strftime('%Y-%m-%d')<fy.date_stop:
+            period_obj.create(cr, uid, {
+                    'name': 'Opening Period',
+                    'code': ds.strftime('00/%Y'),
+                    'date_start': ds + relativedelta(years=-1, days=-1),
+                    'date_stop': ds + relativedelta(years=-1),
+                    'special': True,
+                    'fiscalyear_id': fy.id,
+                })
+            while ds.strftime('%Y-%m-%d') < fy.date_stop:
                 de = ds + relativedelta(months=interval, days=-1)
 
-                if de.strftime('%Y-%m-%d')>fy.date_stop:
+                if de.strftime('%Y-%m-%d') > fy.date_stop:
                     de = datetime.strptime(fy.date_stop, '%Y-%m-%d')
 
-                self.pool.get('account.period').create(cr, uid, {
+                period_obj.create(cr, uid, {
                     'name': ds.strftime('%m/%Y'),
                     'code': ds.strftime('%m/%Y'),
                     'date_start': ds.strftime('%Y-%m-%d'),
@@ -2449,6 +2458,8 @@ class account_chart_template(osv.osv):
         'property_account_expense': fields.many2one('account.account.template','Expense Account on Product Template'),
         'property_account_income': fields.many2one('account.account.template','Income Account on Product Template'),
         'property_reserve_and_surplus_account': fields.many2one('account.account.template', 'Reserve and Profit/Loss Account', domain=[('type', '=', 'payable')], help='This Account is used for transferring Profit/Loss(If It is Profit: Amount will be added, Loss: Amount will be deducted.), Which is calculated from Profilt & Loss Report'),
+        'property_account_income_opening': fields.many2one('account.account.template','Opening Entries Income Account'),
+        'property_account_expense_opening': fields.many2one('account.account.template','Opening Entries Expense Account'),
     }
 
 account_chart_template()
@@ -2681,6 +2692,7 @@ class wizard_multi_charts_accounts(osv.osv_memory):
         obj_data = self.pool.get('ir.model.data')
         analytic_journal_obj = self.pool.get('account.analytic.journal')
         obj_tax_code = self.pool.get('account.tax.code')
+        obj_tax_code_template = self.pool.get('account.tax.code.template')
         # Creating Account
         obj_acc_root = obj_multi.chart_template_id.account_root_id
         tax_code_root_id = obj_multi.chart_template_id.tax_code_root_id.id
@@ -2693,9 +2705,9 @@ class wizard_multi_charts_accounts(osv.osv_memory):
         todo_dict = {}
 
         #create all the tax code
-        children_tax_code_template = self.pool.get('account.tax.code.template').search(cr, uid, [('parent_id','child_of',[tax_code_root_id])], order='id')
+        children_tax_code_template = obj_tax_code_template.search(cr, uid, [('parent_id','child_of',[tax_code_root_id])], order='id')
         children_tax_code_template.sort()
-        for tax_code_template in self.pool.get('account.tax.code.template').browse(cr, uid, children_tax_code_template, context=context):
+        for tax_code_template in obj_tax_code_template.browse(cr, uid, children_tax_code_template, context=context):
             vals={
                 'name': (tax_code_root_id == tax_code_template.id) and obj_multi.company_id.name or tax_code_template.name,
                 'code': tax_code_template.code,
@@ -2806,11 +2818,15 @@ class wizard_multi_charts_accounts(osv.osv_memory):
             seq_id_purchase_refund = obj_sequence.search(cr, uid, [('name','=','Purchase Refund Journal')])
             if seq_id_purchase_refund:
                 seq_id_purchase_refund = seq_id_purchase_refund[0]
+            seq_id_opening = obj_sequence.search(cr, uid, [('name','=','Opening Entries Journal')])
+            if seq_id_opening:
+                seq_id_opening = seq_id_opening[0]
         else:
             seq_id_sale = seq_id
             seq_id_purchase = seq_id
             seq_id_sale_refund = seq_id
             seq_id_purchase_refund = seq_id
+            seq_id_opening = seq_id
 
         vals_journal['view_id'] = view_id
 
@@ -2903,6 +2919,21 @@ class wizard_multi_charts_accounts(osv.osv_memory):
 #            })
         obj_journal.create(cr, uid, vals_journal, context=context)
 
+        # Opening Entries Journal
+        if obj_multi.chart_template_id.property_account_income_opening and obj_multi.chart_template_id.property_account_expense_opening:
+            vals_journal = {
+                'view_id': view_id,
+                'name': _('Opening Entries Journal'),
+                'type': 'situation',
+                'code': _('TOEJ'),
+                'sequence_id': seq_id_opening,
+                'analytic_journal_id': analitical_journal_purchase,
+                'company_id': company_id,
+                'default_credit_account_id': acc_template_ref[obj_multi.chart_template_id.property_account_income_opening.id],
+                'default_debit_account_id': acc_template_ref[obj_multi.chart_template_id.property_account_expense_opening.id]
+                }
+            obj_journal.create(cr, uid, vals_journal, context=context)
+
         # Bank Journals
         data_id = obj_data.search(cr, uid, [('model','=','account.journal.view'), ('name','=','account_journal_bank_view')])
         data = obj_data.browse(cr, uid, data_id[0], context=context)
diff --git a/addons/account/account_view.xml b/addons/account/account_view.xml
index 1812e800880..cafc99b51de 100644
--- a/addons/account/account_view.xml
+++ b/addons/account/account_view.xml
@@ -2150,6 +2150,8 @@
                     <field name="property_account_income_categ" domain="[('id', 'child_of', [account_root_id])]" />
                     <field name="property_account_expense" domain="[('id', 'child_of', [account_root_id])]"/>
                     <field name="property_account_income" domain="[('id', 'child_of', [account_root_id])]"/>
+                    <field name="property_account_income_opening" domain="[('id', 'child_of', [account_root_id])]"/>
+                    <field name="property_account_expense_opening" domain="[('id', 'child_of', [account_root_id])]"/>
                     <field name="property_reserve_and_surplus_account" />
                     </group>
                 </form>
diff --git a/addons/account/configurable_account_chart.xml b/addons/account/configurable_account_chart.xml
index dd9c01142c3..4734e030113 100644
--- a/addons/account/configurable_account_chart.xml
+++ b/addons/account/configurable_account_chart.xml
@@ -191,6 +191,14 @@
 			            <field name="user_type" ref="conf_account_type_asset"/>
 			        </record>
 
+			        <record id="conf_o_income" model="account.account.template">
+			            <field name="code">1106</field>
+			            <field name="name">Opening Income Account</field>
+			            <field ref="conf_cas" name="parent_id"/>
+			            <field name="type">closed</field>
+			            <field name="user_type" ref="conf_account_type_income"/>
+			        </record>
+
 		        <record id="conf_cli" model="account.account.template">
 		            <field name="code">111</field>
 		            <field name="name">Current Liabilities</field>
@@ -225,6 +233,13 @@
 			            <field name="user_type" ref="conf_account_type_liability"/>
 			        </record>
 
+			        <record id="conf_o_expense" model="account.account.template">
+			            <field name="code">1114</field>
+			            <field name="name">Opening Expense Account</field>
+			            <field ref="conf_cli" name="parent_id"/>
+			            <field name="type">closed</field>
+			            <field name="user_type" ref="conf_account_type_expense"/>
+			        </record>
 
         <!-- Profit and Loss -->
 
@@ -431,6 +446,8 @@
             <field name="property_account_payable" ref="conf_a_pay"/>
             <field name="property_account_expense_categ" ref="conf_a_expense"/>
             <field name="property_account_income_categ" ref="conf_a_sale"/>
+            <field name="property_account_income_opening" ref="conf_o_income"/>
+            <field name="property_account_expense_opening" ref="conf_o_expense"/>            
             <field name="property_reserve_and_surplus_account" ref="conf_a_reserve_and_surplus"/>
         </record>
 
diff --git a/addons/account/demo/account_minimal.xml b/addons/account/demo/account_minimal.xml
index 65184b3d130..6ae6188ec62 100644
--- a/addons/account/demo/account_minimal.xml
+++ b/addons/account/demo/account_minimal.xml
@@ -421,6 +421,15 @@
             <field name="analytic_journal_id" ref="sit"/>
             <field name="user_id" ref="base.user_root"/>
         </record>
+        <record id="miscellaneous_journal" model="account.journal">
+            <field name="name">Miscellaneous Journal - (test)</field>
+            <field name="code">TMIS</field>
+            <field name="type">general</field>
+            <field name="view_id" ref="account_journal_bank_view"/>
+            <field name="sequence_id" ref="sequence_journal"/>
+            <field name="analytic_journal_id" ref="sit"/>
+            <field name="user_id" ref="base.user_root"/>
+        </record>
 
         <!--
         Product income and expense accounts, default parameters
diff --git a/addons/account/installer.py b/addons/account/installer.py
index 78eb8cf16e0..4a4d945f72b 100644
--- a/addons/account/installer.py
+++ b/addons/account/installer.py
@@ -416,11 +416,20 @@ class account_installer(osv.osv_memory):
                 'company_id': company_id.id
             }
             seq_id_purchase_refund = obj_sequence.create(cr, uid, seq_refund_purchase, context=context)
+            seq_opening_journal = {
+                'name': 'Opening Entries Journal',
+                'code': 'account.journal',
+                'prefix': 'TOEJ/%(year)s/',
+                'padding': 3,
+                'company_id': company_id.id
+            }
+            seq_id_opening = obj_sequence.create(cr, uid, seq_opening_journal, context=context)
         else:
             seq_id_sale = seq_id
             seq_id_purchase = seq_id
             seq_id_sale_refund = seq_id
             seq_id_purchase_refund = seq_id
+            seq_id_opening = seq_id
 
         vals_journal['view_id'] = view_id
 
@@ -508,6 +517,21 @@ class account_installer(osv.osv_memory):
             })
         obj_journal.create(cr, uid, vals_journal, context=context)
 
+        # Opening Entries Journal
+        if obj_multi.property_account_income_opening and obj_multi.property_account_expense_opening:
+            vals_journal = {
+                'view_id': view_id,
+                'name': _('Opening Entries Journal'),
+                'type': 'situation',
+                'code': _('TOEJ'),
+                'sequence_id': seq_id_opening,
+                'analytic_journal_id': analitical_journal_purchase,
+                'company_id': company_id.id,
+                'default_credit_account_id': acc_template_ref[obj_multi.property_account_income_opening.id],
+                'default_debit_account_id': acc_template_ref[obj_multi.property_account_expense_opening.id]
+                }
+            obj_journal.create(cr, uid, vals_journal, context=context)
+
         # Bank Journals
         view_id_cash = obj_acc_journal_view.search(cr, uid, [('name', '=', 'Bank/Cash Journal View')], context=context)[0] #TOFIX: Why put fixed name ?
         view_id_cur = obj_acc_journal_view.search(cr, uid, [('name', '=', 'Bank/Cash Journal (Multi-Currency) View')], context=context)[0] #TOFIX: why put fixed name?