Part 3: Entity & Item Management (Modules 4 & 5)

1. Database Setup:

• Create a Classification Code named “Government Grant.”
• Add a new Vendor named City Real Estate (assign a net 30 payment term and link to your AP account).
• Add a new Client named Department of Youth (assign the “Government Grant” code and link to the Grants AR account).
• Create a Project code named Summer Camp.

2. Billing and Budgets:

• Create a Billing Item named “Counseling Session” with a default price of $100, linked to your Youth Services program revenue account.
• Manually enter an annual budget of $120,000 for the Youth Services revenue account, allowing FastFund to automatically distribute it evenly across the 12 months.