Credit Terms are the terms, if any, that you extend to your customers. A set of credit terms was automatically created when you set up your new company. These can be changed to match your company's needs.
To view Credit Terms/Types, select Credit Terms from the Setup-Maintenance menu. The Credit Terms Selection Table is displayed.
Credit Terms can be added by pressing the Insert button or existing entries can be modified by pointing to a payment method and then pressing the Change button to view or modify the selected entry. In both cases the Credit Terms Maintenance Form is displayed.
The form displays a field for credit term entry.