For example, let's say we have a pledge of $500 with a balance of $100. If we enter the Payment Amount and the Amount Applied to be $150 (which overpays the pledge balance), we receive the message, error: The specific amount is greater than the pledge balance. However, if we enter the Payment Amount to be the total gift amount of $150 and the Amount Applied to be $100 (which is the total amount applied to the pledge), we will receive the following prompt:

Increase the amount of the original pledge to ($XXX.XX) - This option increases the amount of the original pledge gift to be equal to the value entered in the Payment amount field
Change the gift amount to be equal to the applied amount ($XXX.XX) - This option increases the gift amount of the payment to be equal to the amount entered in the Applied Amount field
Create a Cash gift for the remainder - This option creates a separate Cash gift for the amount not being applied to the pledge