Click System Configuration

Click Manage Payment Term

By default, there will be a list of system-generated common Payment Terms.

If you have an additional Payment Term that is not inside the list, click Create New

Name: Enter a name for this payment term

Pay In: number of days this payment term is

Remarks: (optional)

Once done, click Create

The payment term created will appear here in the List Of Payment Terms.

Manually created payment terms will indicate it is updated by which user, and the time of update.