You can set default credit terms for all vendors (To set default credit terms for all new vendors) or for each vendor individually (To set or change credit terms for a single vendor), or set default terms for all and change them for selected vendors.
After you've set up credit terms, discounts based on the terms will be calculated automatically when you enter purchases. (You can change the terms and discount amounts for individual purchases, if you need to.)
Idea: You can set up credit terms for all new customers and vendors
Step by step