How to Assign a Payment Term in Shopify Plus

Here are the steps to assign payment term for each company.\
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Step 1: Select company to assign a new payment term.\

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Step 2: Choose payment terms.\

There could be a work around though, to be able to apply Net 20.\
Initially we can assign Net 15, and when the order is received in Drafts order, we can change the payment date to a specific date and will override the initial payment term.