Log in to Pencil → Go to Settings -> Credit Forms → Payment Term Settings
To check your active Payment Terms in Pencil, you can use this link:
https://app.pencilpay.com/admin/trading_terms_settings
In Pencil, go to Settings -> Credit Forms -> Payment Terms Settings -> Set "Active" filter to "Yes. (Note: To view your Active payment terms)
Under Actions, You can click on the black "More..." button to view relevant Credit Form Settings for each Active payment term.
You can also select the Default payment term under Default then tick the radio button of your preferred default payment term.
To create a new payment term in Pencil, you can click on the New + Button on the upper-right hand corner of the page.
Type the name of the new payment term you would like to create and hit "Save".
The new payment term can be found if you change the Active Filter to "All".
You will need to check the box under "Active" of your newly added payment term and then under "Actions". Under "Active" you can click on the payment term you created to set it to "Active". You can also select this as a Default payment term by ticking on the radio-button under "Default" to set it as your Default payment term.
You can set the Payment Method of the payment term you created by clicking on the box under Payment methods and selecting the payment method(s) you prefer.
Next, you can now select the Default Payment Method by selecting your preferred method from the drop down under "Default Payment Method".
Next, you can configure the "Display Payment Term" setting and configure the required information for this new payment term (Credit Form, Email, Admin Approval).
click the "More..." and configure the required information for this new payment term.
Here, you will find multiple settings to configure for your new payment term.
Once you are finished, click the Save button to save the new payment term settings.
Once you are finished, click the Save button at the bottom of the payment terms page to save the new payment term.
Lastly, change the "Active" filter to equal "Yes" so you only see your active payment terms.