The Terms grid contains the following fields described below:
Term Name:
Specifies the name of the payment term to be created. Enter a word or phrase that will help you recognize the terms when you use the Terms list. The types of terms created here are available in the Project and Client screens. The standard terms that BillQuick Online supports are Net 30, Net 45, Net 60, Net 90 and Due on Receipt. These imply that the net payment is due in either 30, 45, 60, 90 days or due immediately after the invoice date.
Grace Days:
Enter the number of days after which interest is charged to client for the delinquent payments. This value determines the grace period after which the interest or late fee will be charged to client on unpaid invoices. The field size is up to three digits.
Edit:
Click to update a listed term. You will be given the option to click Update to save the changes made or click Cancel to undo the changes made to a record.
Delete 
:
Click to delete a record. BillQuick Online will
ask you before deleting a record. Click OK
to delete or click Cancel to cancel
the deletion.
Save :
Click the save icon to save a new payment term.
Help:
Opens the BillQuick Online Help in the BillQuick Online Terms section.
Print:
Opens the Select Report screen to enable you to select the desired in-context accounting terms report. From this screen, you can print, preview or cancel the report.