diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index e2a77df8ce0..12836c95804 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -265,6 +265,7 @@ erpnext.patches.v16_0.create_company_custom_fields
 
 [post_model_sync]
 erpnext.patches.v15_0.rename_gross_purchase_amount_to_net_purchase_amount
+erpnext.patches.v15_0.migrate_account_freezing_settings_to_company
 erpnext.patches.v15_0.create_asset_depreciation_schedules_from_assets
 execute:frappe.delete_doc_if_exists('Workspace', 'ERPNext Integrations Settings')
 erpnext.patches.v14_0.update_posting_datetime_and_dropped_indexes #22-02-2024
diff --git a/erpnext/patches/v15_0/migrate_account_freezing_settings_to_company.py b/erpnext/patches/v15_0/migrate_account_freezing_settings_to_company.py
new file mode 100644
index 00000000000..0ae7764f07c
--- /dev/null
+++ b/erpnext/patches/v15_0/migrate_account_freezing_settings_to_company.py
@@ -0,0 +1,18 @@
+import frappe
+
+
+def execute():
+	accounts_settings = frappe.get_doc("Accounts Settings", "Accounts Settings")
+
+	accounts_frozen_till_date = accounts_settings.acc_frozen_upto
+	frozen_accounts_modifier = accounts_settings.frozen_accounts_modifier
+
+	for company in frappe.get_all("Company", pluck="name"):
+		frappe.db.set_value(
+			"Company",
+			company,
+			{
+				"accounts_frozen_till_date": accounts_frozen_till_date,
+				"role_allowed_for_frozen_entries": frozen_accounts_modifier,
+			},
+		)