In Welcome Screen, Select setups and then select Pay terms.

Pay Term Listing:

The list view screen of Pay term listing screen include id, payment term title, due date, paid in days, applied discount and action on above screen, Edit pay term,  Export in Excel, Print, PDF and Delete options are available for users.

Creating Pay Term:

Field definition of above form are as under:

Field Name Condition Field Definition
Pay Term ID A unique ID generated by the system.
Title * Input field to enter pay term title.
Description Input field to Write short description regarding payment term.
Net Due in (Days) Input field to Enter total number of  days for due payment.
Discount if paid within (Days) * Input field to Enter days limit.
Discount (%) * Input field to Enter discount rate.
Account Receivable GL * Input search field to type and search GL’s from list.
Description Input field to Enter short description related to AR GL.
Accounts Payable GL * Input search field to Type and choose GL from COA list.
Description Input field to Enter short details about AR GL.
Save Button for save information.