You only have two options on how to set up payment terms in QuickBooks, DM
Also, you can only set up terms to invoices, not on statements. If you want to have a payment due within a specific number of days, you can use the Standard term. On the other hand, choose DateDriven if you want to use the day of the month.
Here's how you can add a new payment term:
From the Lists menu, choose Customer & Vendor Profile Lists.
In the TermsList window click the Terms drop down-arrow and then click New.
From there you can choose between Standard and DateDriven terms.
Then, click OK.
You also check this article for more details about payment terms.
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