Setting Due on recipet as default term in the transcations

We have one option to set the terms as preferred from the terms setup. So we may not need to set the terms in the customer record using script and we have not created the scripts as well. It’s functionality is as follows.

1. We can Check this “Preferred” box to make this term or message show by default on sales transactions you create.
2. Terms set on customer records override terms marked as preferred.
   As of now the terms are empty in HL account for existing customers. Since it is empty, the default Term is set to “Due on Receipt” on the transactions. So we don’t need a mass update to set the terms on the exiting customer records.
3. When we are creating a New Customer by default Term is set to “ Due on Receipt” . And we can also manually edit this field too.