diff --git a/app/Listeners/Update/V20/Version203.php b/app/Listeners/Update/V20/Version203.php
new file mode 100644
index 000000000..8897234a3
--- /dev/null
+++ b/app/Listeners/Update/V20/Version203.php
@@ -0,0 +1,67 @@
+<?php
+
+namespace App\Listeners\Update\V20;
+
+use App\Abstracts\Listeners\Update as Listener;
+use App\Events\Install\UpdateFinished as Event;
+use Illuminate\Support\Facades\DB;
+use App\Utilities\Overrider;
+
+class Version203 extends Listener
+{
+    const ALIAS = 'core';
+
+    const VERSION = '2.0.3';
+
+    /**
+     * Handle the event.
+     *
+     * @param  $event
+     * @return void
+     */
+    public function handle(Event $event)
+    {
+        if ($this->skipThisUpdate($event)) {
+            return;
+        }
+
+        $this->updateCompanies();
+    }
+
+    protected function updateCompanies()
+    {
+        $company_id = session('company_id');
+
+        $companies = DB::table('companies')
+            ->whereNotExists(function ($query) {
+                $query->select('id')
+                    ->from('settings')
+                    ->where('key', 'invoice.payment_terms');
+            })
+            ->cursor();
+
+        foreach ($companies as $company) {
+            session(['company_id' => $company->id]);
+
+            $this->updateSettings($company);
+        }
+
+        setting()->forgetAll();
+
+        session(['company_id' => $company_id]);
+
+        Overrider::load('settings');
+    }
+
+    public function updateSettings($company)
+    {
+        // Set the active company settings
+        setting()->setExtraColumns(['company_id' => $company->id]);
+        setting()->forgetAll();
+        setting()->load(true);
+
+        setting()->set(['invoice.payment_terms' => setting('invoice.payment_terms', 0)]);
+
+        setting()->save();
+    }
+}
diff --git a/app/Providers/Event.php b/app/Providers/Event.php
index fe073130b..c8f04a232 100644
--- a/app/Providers/Event.php
+++ b/app/Providers/Event.php
@@ -15,6 +15,7 @@ class Event extends Provider
         'App\Events\Install\UpdateFinished' => [
             'App\Listeners\Update\CreateModuleUpdatedHistory',
             'App\Listeners\Update\V20\Version200',
+            'App\Listeners\Update\V20\Version203',
         ],
         'Illuminate\Auth\Events\Login' => [
             'App\Listeners\Auth\Login',