Familiarize yourself with the transaction rules by completing these 3 steps in your FastFund environment:
- Locate the Transactions Menu: Look at the Main Menu and click on Transactions. Observe the “CASH” section, which lists Donations/Receipts, Pledges, and In-Kind Contributions.
- Review the Undeposited Funds Account: Navigate to Lists > Chart of Accounts (under Miscellaneous). Locate your Undeposited Funds account (usually object code 1000) to see where your daily entries will temporarily sit.
- Check Your Posting Range: Click the Gear Icon to access Company Administration, then select Company Setup and navigate to the Preferences tab. Review your “Posting Range” drop-down to see the current internal control limits set for backdating or future-dating transactions.