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Change the date payment collections will occur on an Account.

This will change the current and any future Payment Schedules that have been defined for the Account.

This function has slightly different effects depending on what Payment Frequency the Payment Schedules have set:

  • If the Payment Frequency is in {Weekly, Fortnightly, Four Weekly}, the New Payment Date will define the day of the week the payment will be collected.

  • If the Payment Frequency is in {Monthly, Bi Monthly, Quarterly}, the New Payment Date will define the day of the month the payment will be collected.

The date specified as the New Payment Date must be within the next payment cycle for the Account

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