Changing the Apply Order for Auto-Apply Transactions

If the only Fiscal Year option you have in Payment Application Posting is the current fiscal year, you have set the system to disallow creation of GL transactions to the previous year.  To remedy this, close the Payment Application Posting Program and choose TOOLS, System Settings.  When the System Settings window appears, place a check mark next to the "Allow GL Transactions to be created for the Previous Year?" option.

Click OK to save your changes, go back into Payment Application Posting and post your payments. Select the correct Fiscal Year.

To prevent mistakes from happening further down the line, you may want to go back into System Settings and remove the check mark from the option once you are done.