Why Are Calculated Amounts NOT Stored in a Database

question 68

Essay

Why are calculated amounts NOT stored in a database?

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Definitions:

Explanation of Payment

A detailed description or clarification of why a payment was made and what it covers.

Remittance Advice

A document sent by a payer to a payee, providing details on the payment of an invoice, including information on any adjustments or deductions taken.

Indemnity Plans

Health insurance plans that reimburse the insured for medical expenses regardless of the healthcare provider used.

Electronic Data Interchange

Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.