Freezing Companies

Users with the Master role can freeze and reactivate company codes, either individually or in bulk. To assess the impact of freezing a particular company, users can also generate a report with preselected filters to show the associated liability and asset closing balances.

Company codes cannot be frozen in certain scenarios:

  • There is an open draft under the company code.
  • If there is an active activation group that has been transferred from one company to another, neither company can be frozen until the activation group is closed.

Note: For systems operating in hybrid mode, after the company is frozen the SAP Posting Bot continues to pick up and post any previously posted internal documents.

To freeze a company code:

  1. The Company List page can be accessed from the main menu or from the Action Center.
    • Click Main Menu > Administrator Menu > Freeze Company.
    • Alternatively, navigate to the Action Center and click on the status in the Frozen Company tile.
  2. The Company List page opens. Click on the row with the required company code to open the company details page.
  3. In order to assess the impact of freezing the selected company, users can generate two different types of Disclosure Reports with preset filters applied to show the associated liability and asset closing balances as of the Proposed Freeze Date.
    • Click Liability Report to open the Lease Liability Disclosure Report page with preset filters applied for the selected company code.
    • Click Asset Report to open the Asset Roll Forward Disclosure Report page with preset filters applied for the selected company code.

    Note: The report filters are automatically set to the leading accounting standard of the selected company code. If there are multiple accounting standards associated to the company, modify the Accounting Standard filter to generate the report in different standards.

  4. Click Freeze to freeze the company. The status of the company changes to "Frozen", and the Freeze Date is set to the current date.

To re-activate a company code:

  1. The company list page can be accessed from the main menu or from the Action Center.
    • Click Main Menu > Administrator Menu > Freeze Company.
    • Alternatively, navigate to the Action Center and click on the status in the Frozen Company tile.
  2. The Company List page opens. Click on the row with the required company code to open the company details page.
  3. Click Re-Activate. The company code status changes to "Active" and the Freeze Date is cleared.

To freeze or re-activate multiple company codes:

  1. The company list page can be accessed from the main menu or from the Action Center.
    • Click Main Menu > Administrator Menu > Freeze Company.
    • Alternatively, navigate to the Action Center and click on the status in the Frozen Company tile.
  2. On the Company List page, select the checkboxes of the required company codes in either Frozen or Active statuses.
  3. Click the Mass Actions drop-down and select either Freeze or Re-Activate.

  4. Submit the action in the confirmation pop-up. The Status and Freeze Date of the selected companies are updated.

See also:  

Nakisa Lease Administration 2022.R2-SP1 © 2023

 

 

Nakisa Inc. All rights reserved worldwide.