I'm glad to see you here, @TriciaGr.

You can assign one type of payment term when creating a vendor bill in QBO. Here's how:

1. Go to the +New button.
2. Select Bill. 
3. In the bill window, tick the Terms dropdown.
4. From there, choose the terms you'll need.
5. Hit Save and close when done adding details. 

For reference, please visit this article: How to Adjust Invoice Payment Terms in QuickBooks Online.

Also, in QuickBooks, accessing a vendor report to view all money you paid is a breeze. For the detailed guide, visit this page: Run a report with vendor totals. 

Let me know how this goes and leave a reply below if you need further assistance in setting up payment terms in QBO. I'm always here to help. Take care always.