The Purchases Payment Types Terms setting is used to identify the terms of a payment type. For example, an On Account payment's Terms field may contain "Net 10 Days" indicating that payment is due within 10 days of the sale date. The Terms field is printed on most standard Form Files (Invoices, Receipts, etc.).
The Terms field may include Payment Reference information. Enter the ampersand(&) character where the Reference data should be placed. For example, if the Terms field contains Check# &, and the Clerk enters check number 714 in the Payment Reference field, the Terms field on the receipt or invoice prints: Check# 714.
See:
Purchases Payment Types - Settings
Configuration Manager Contents