New to FA. I installed new instance on PHP8.1 FA version: 2.4.18
MySQL: 5.7.44-cll-lve - MySQL Community Server - (GPL)

After creating the company I wanted to add Items under the Items and Inventory tab -> Maintenance - > Items
The page takes long to load. When it does load changing the Category on the drop down list to services
At the top of the page a progress wheel runs and then gives a warning.
This is the same when trying to insert new item button is pressed and I can't create an item.

I enabled the Debugging information setting the debug level to 2 in config.php
    $go_debug         = 2;
The error at the bottom of the page

Fatal error: Maximum execution time of 30 seconds exceeded in /home/xhowdooe/public_html/frontaccounting/includes/errors.inc on line 60

Please can someone help