diff --git a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveFormFootetLeft.js b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveFormFootetLeft.js
index 486883543..752ce4079 100644
--- a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveFormFootetLeft.js
+++ b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveFormFootetLeft.js
@@ -20,7 +20,7 @@ export function PaymentReceiveFormFootetLeft() {
       {/* --------- Internal Note--------- */}
       <TermsConditsFormGroup
         name={'internal_note'}
-        label={<T id={'payment_receive_form.label.internal_note'} />}
+        label={<T id={'payment_receive_form.label.note'} />}
       >
         <FEditableText
           name={'internal_note'}
diff --git a/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormFooterLeft.js b/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormFooterLeft.js
index 4429726d0..1e9b7e8f6 100644
--- a/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormFooterLeft.js
+++ b/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormFooterLeft.js
@@ -18,16 +18,18 @@ export function ReceiptFormFooterLeft() {
         />
       </ReceiptMsgFormGroup>
 
-      {/* --------- Statement--------- */}
-      <StatementFormGroup
-        label={<T id={'receipt_form.label.statement'} />}
-        name={'statement'}
+      {/* --------- Terms and conditions --------- */}
+      <TermsConditsFormGroup
+        label={<T id={'receipt_form.label.terms_conditions'} />}
+        name={'terms_conditions'}
       >
         <FEditableText
-          name={'statement'}
-          placeholder={intl.get('receipt_form.statement.placeholder')}
+          name={'terms_conditions'}
+          placeholder={intl.get(
+            'receipt_form.terms_and_conditions.placeholder',
+          )}
         />
-      </StatementFormGroup>
+      </TermsConditsFormGroup>
     </React.Fragment>
   );
 }
@@ -46,7 +48,7 @@ const ReceiptMsgFormGroup = styled(FFormGroup)`
   }
 `;
 
-const StatementFormGroup = styled(FFormGroup)`
+const TermsConditsFormGroup = styled(FFormGroup)`
   &.bp3-form-group {
     .bp3-label {
       font-size: 12px;
diff --git a/src/lang/en/index.json b/src/lang/en/index.json
index 43e936ab8..a14106e11 100644
--- a/src/lang/en/index.json
+++ b/src/lang/en/index.json
@@ -1164,7 +1164,7 @@
   "sorry_about_that_something_went_wrong": "Sorry about that! Something went wrong",
   "if_the_problem_stuck_please_contact_us_as_soon_as_possible": "If the problem stuck, please contact us as soon as possible.",
   "non-inventory": "Non-Inventory",
-  "terms_conditions": "Terms conditions",
+  "terms_conditions": "Terms & Conditions",
   "inventory_adjustment.publish.success_message": "The inventory adjustment has been published successfully.",
   "inventory_adjustment.publish.alert_message": "Are you sure you want to publish this inventory adjustment?",
   "the_contact_has_been_activated_successfully": "The contact has been inactivated successfully.",
@@ -1527,8 +1527,8 @@
   "credit_note.label_credit_note_details": "Credit Note details",
   "credit_note.label_customer_note": "Customer Note",
   "credit_note.label_terms_conditions": "Terms & Conditions",
-  "credit_note.label_customer_note.placeholder": "The customer note will be displayed on the credit note.",
-  "credit_note.label_terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed in your transaction",
+  "credit_note.label_customer_note.placeholder": "This message will be displayed on the credit note.",
+  "credit_note.label_terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed on the credit note.",
   "credit_note.label_total": "TOTAL",
   "credit_note.label_subtotal": "Subtotal",
   "credit_note.once_delete_this_credit_note": "Once you delete this credit note, you won't be able to restore it later. Are you sure you want to delete this credit note?",
@@ -1950,7 +1950,7 @@
   "estimate_form.label.customer_note": "Customer Note",
   "estimate_form.label.terms_conditions": "Terms & Conditions",
   "estimate_form.customer_note.placeholder": "This message will be displayed on the estimate.",
-  "estimate_form.terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed in your transaction",
+  "estimate_form.terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed on the estimate.",
   "invoice_form.label.total": "TOTAL",
   "invoice_form.label.subtotal": "Subtotal",
   "invoice_form.label.due_amount": "Due amount",
@@ -1958,18 +1958,19 @@
   "invoice_form.label.invoice_message": "Invoice Message",
   "invoice_form.label.terms_conditions": "Terms & Conditions",
   "invoice_form.invoice_message.placeholder": "This message will be displayed on the invoice.",
-  "invoice_form.terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed in your transaction.",
+  "invoice_form.terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed on the invoice.",
   "receipt_form.label.total": "TOTAL",
   "receipt_form.label.subtotal": "Subtotal",
   "receipt_form.label.due_amount": "Due amount",
   "receipt_form.label.payment_amount": "Payment amount",
   "receipt_form.label.receipt_message": "Receipt Message",
   "receipt_form.receipt_message.placeholder": "This message will be displayed on the receipt.",
-  "receipt_form.label.statement": "Statement",
-  "receipt_form.statement.placeholder": "Thanks for your business and have a great day!",
 
-  "payment_receive_form.label.internal_note": "Internal Note",
-  "payment_receive_form.internal_note.placeholder": "Internal notes, Not visible to the customer.",
+  "receipt_form.label.terms_conditions": "Terms & Conditions",
+  "receipt_form.terms_and_conditions.placeholder": "Enter the terms and conditions of your business to be displayed on the receipt.",
+
+  "payment_receive_form.label.note": "Note",
+  "payment_receive_form.internal_note.placeholder": "Internal notes (Not visible to the customer).",
 
   "payment_receive_form.message.label": "Payment Message",
   "payment_receive_form.message.placeholder": "This message will be displayed on the payment receipt.",
@@ -1978,13 +1979,13 @@
   "payment_receive_form.label.total": "TOTAL",
 
   "bill_form.label.note": "Note",
-  "bill_form.label.note.placeholder": "Internal note. Not visible to the vendor.",
+  "bill_form.label.note.placeholder": "Internal note (Not visible to the vendor).",
   "bill_form.label.subtotal": "Subtotal",
   "bill_form.label.total": "TOTAL",
   "bill_form.label.due_amount": "Due amount",
   "bill_form.label.payment_amount": "Payment amount",
   "vendor_credit_form.label.note": "Note",
-  "vendor_credit_form.note.placeholder": "Internal note. Not visible to the vendor.",
+  "vendor_credit_form.note.placeholder": "Internal note (Not visible to the vendor).",
   "vendor_credit_form.label.subtotal": "Subtotal",
   "vendor_credit_form.label.total": "TOTAL",
   "payment_made_form.label.statement": "Statement",
@@ -1992,7 +1993,7 @@
   "payment_made_form.label.subtotal": "Subtotal",
   "payment_made_form.label.total": "TOTAL",
   "payment_made.form.internal_note.label": "Note",
-  "payment_made.form.internal_note.placeholder": "Internal note. Not visible to the vendor.",
+  "payment_made.form.internal_note.placeholder": "Internal note (Not visible to the vendor).",
   "make_journal.label.subtotal": "Subtotal",
   "make_journal.label.total": "TOTAL",
   "expense.label.subtotal": "Subtotal",