Hi, John,
Yes, the 'to Prior Year' option on the Post menu is greyed out because you have (correctly) already created your Next Year.
However, that's not the function you want. You want to select Post | Print Posting Journals | Print Posting Journal. That will bring up the Print Posting Journal window whereon you will click to place the radio dot beside the prior fiscal year.
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Regards,
Softrak Tech Support