Choose the Payment Terms tab on the Setup page to edit the
standard payment terms offered for selection on invoices.
The following picture shows the Payment Terms tab.
Up to 10 payment terms can be entered. All changes will be saved
By clicking the EOM? checkbox on the left of a payment term, the
term can be switched to the number of days following the end of the
month containing the invoice date.
To set the default payment term to be applied for new customers,
check the box to the right of the appropriate term.
changes to the payment terms will affect the length of any existing
terms used on invoices.