In Terms you are able to manage the expected payment terms for those who you will be billing. 

The grid view will display each terms name, and if they are active.

You can print or download a list of terms using the printer or excel icons on the right above the grid view.

You can search for terms using their name and can filter on whether they are active or not.

There are action buttons on the right for each terms to edit or delete the terms.

The terms can be setup to be due by a certain number of days, by a specific day of the month, or due in the following month with a certain number of days. The terms can also have a discount applied as a percentage if the bill is paid within a defined number of days. There is a terms setup initially for each organization for Due by 10th of the month and this can be configured as needed.