diff --git a/erpnext/public/js/controllers/transaction.js b/erpnext/public/js/controllers/transaction.js
index 047d23ad6732a170f7ff90aaf90a96b310473c44..97e0532edf2bc7d9cb7ec9ce0338f7c2ac8783a3 100644
--- a/erpnext/public/js/controllers/transaction.js
+++ b/erpnext/public/js/controllers/transaction.js
@@ -1007,6 +1007,18 @@ erpnext.TransactionController = class TransactionController extends erpnext.taxe
 				}
 				frappe.msgprint(final_message);
 			}
+
+			frappe.confirm(
+				__(
+					"Do you want to clear the selected {0}?",
+					[frappe.utils.comma_and(to_clear.map(dt => __(dt)))]
+				),
+				() => {
+					this.frm.set_value("payment_terms_template", "");
+					this.frm.clear_table("payment_schedule");
+					this.frm.refresh_field("payment_schedule");
+				}
+			);
 		}
 	}