Add the new fiscal year in General Ledger Configuration.
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The error, Error: General ODBC Error: [Microsoft][ODBC SQL Server Driver][SQL Server]Cannot insert the value NULL into column 'GLFISCALPERIODSID',table 'FE_Auxiliary.dbo.GL7TRANSACTIONS'; column does not allow nulls. INSERT fails. Native error: 515 [Microsoft][ODBC SQL Server Driver][SQL Server] The statement has been terminated. Native error: 3621, occurs when validating or posting transactions or entering and saving purchase order. The fiscal year has not been configured in the General Ledger for the periods entered on the transactions.