I feel the wording in MYOB is too confusing and the payment terms need to be simplified like:
COD
7 Days
14 Days
30 Days Net
30 Days EOM
Recurring Monthly on day
I have to actually think about the standard ones on MYOB. I feel my above suggestions are more simple and easy to understand. After all MYOB is meant to be easy to use, which it is and I love it, but these payment terms really need to change and be updated to keep the processes simple.
"Payment Terms"