What is AWS Billing and Cost Management?
Welcome to the AWS Billing User Guide.
AWS Billing and Cost Management provides a suite of features to help you set up your billing, retrieve and pay invoices, and analyze, organize, plan, and optimize your costs.
To get started, set up your billing to match your requirements. For individuals or small organizations, AWS will automatically charge the credit card provided.
For larger organizations, you can use AWS Organizations to consolidate your charges across multiple AWS accounts. You can then configure invoicing, tax, purchase order, and payment methods to match your organization’s procurement processes.
You can allocate your costs to teams, applications, or environments by using cost categories or cost allocation tags, or using AWS Cost Explorer. You can also export data to your preferred data warehouse or business intelligence tool.
See the following overview of features to help you manage your cloud finances.
Features of AWS Billing and Cost Management
Topics
Billing and payments
Understand your monthly charges, view and pay invoices, and manage preferences for billing, invoices, tax, and payments.
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Bills page – Download invoices and view detailed monthly billing data to understand how your charges were calculated.
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Purchase orders – Create and manage your purchase orders to comply with your organization’s unique procurement processes.
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Payments – Understand your outstanding or past-due payment balance and payment history.
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Payment profiles – Set up multiple payment methods for different AWS service providers or parts of your organization.
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Credits – Review credit balances and choose where credits should be applied.
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Billing preferences – Enable invoice delivery by email and your preferences for credit sharing, alerts, and discount sharing.
Cost analysis
Analyze your costs, export detailed cost and usage data, and forecast your spending.
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AWS Cost Explorer – Analyze your cost and usage data with visuals, filtering, and grouping. You can forecast your costs and create custom reports.
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Data exports – Create custom data exports from Billing and Cost Management datasets.
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Cost Anomaly Detection – Set up automated alerts when AWS detects a cost anomaly to reduce unexpected costs.
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AWS Free Tier – Monitor current and forecasted usage of free tier services to avoid unexpected costs.
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Split cost allocation data – Enable detailed cost and usage data for shared Amazon Elastic Container Service (Amazon ECS) resources.
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Cost Management preferences – Manage what data that member accounts can view, change account data granularity, and configure cost optimization preferences.
Cost organization
Organize your costs across teams, applications, or end customers.
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Cost categories – Map costs to teams, applications, or environments, and then view costs along these dimensions in Cost Explorer and data exports. Define split charge rules to allocate shared costs.
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Cost allocation tags – Use resource tags to organize, and then view costs by cost allocation tag in Cost Explorer and data exports.
Budgeting and planning
Estimate the cost of a planned workload, and create budgets to track and control costs.
Budgets – Set custom budgets for cost and usage to govern costs across your organization and receive alerts when costs exceed your defined thresholds.
Savings and commitments
Optimize resource usage and use flexible pricing models to lower your bill.
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AWS Cost Optimization Hub – Identify savings opportunities with tailored recommendations including deleting unused resources, rightsizing, Savings Plans, and reservations.
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Savings Plans – Reduce your bill compared to on-demand prices with flexible pricing models. Manage your Savings Plans inventory, review purchase recommendations, and analyze Savings Plan utilization and coverage.
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Reservations – Reserve capacity at discounted rates for Amazon Elastic Compute Cloud (Amazon EC2), Amazon Relational Database Service (Amazon RDS), Amazon Redshift, Amazon DynamoDB, and more.
Related services
AWS Billing Conductor
Billing Conductor is a custom billing service that supports the showback and chargeback workflows of AWS Solution Providers and AWS Enterprise customers. You can customize a second, alternative version of your monthly billing data. The service models the billing relationship between you and your customers or business units.
Billing Conductor doesn't change the way that you're billed by AWS each month. Instead, you can use the service to configure, generate, and display rates to specific customers over a given billing period. You can also use it to analyze the difference between the rates that you apply to your groupings relative to the actual rates for those same accounts from AWS.
As a result of your Billing Conductor configuration, the payer account (management account) can
also see the custom rate that's applied on the billing details page of the AWS Billing and Cost Management console
For more information about Billing Conductor, see the AWS Billing Conductor User Guide.
IAM
You can use AWS Identity and Access Management (IAM) to control who in your account or organization has access to specific pages on the Billing and Cost Management console. For example, you can control access to invoices and detailed information about charges and account activity, budgets, payment methods, and credits. IAM is a feature of your AWS account. You don't need to do anything else to sign up for IAM and there's no charge to use it.
When you create an account, you begin with one sign-in identity that has complete access to all AWS services and resources in the account. This identity is called the AWS account root user and is accessed by signing in with the email address and password that you used to create the account. We strongly recommend that you don't use the root user for your everyday tasks. Safeguard your root user credentials and use them to perform the tasks that only the root user can perform.
For the complete list of tasks that require you to sign in as the root user, see Tasks that require root user credentials in the IAM User Guide.
By default, IAM users and roles in your account can't access the Billing and Cost Management console. To grant access, enable the Activate IAM Access setting. For more information, see About IAM Access.
If you have multiple AWS accounts in your organization, you can manage linked account access to Cost Explorer data by using the Cost Management preferences page. For more information, see Controlling access to Cost Explorer.
For more information about IAM, see the IAM User Guide.
AWS Organizations
You can use the consolidated billing feature in Organizations to consolidate billing and payment for multiple AWS accounts. Every organization has a management account that pays the charges of all the member accounts.
Consolidated billing has the following benefits:
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One bill – Get one bill for multiple accounts.
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Easy tracking – Track charges across multiple accounts and download the combined cost and usage data.
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Combined usage – Combine the usage across all accounts in the organization to share the volume pricing discounts, Reserved Instances discounts, and Savings Plans. This can result in a lower charge for your project, department, or company than with individual standalone accounts. For more information, see Volume discounts.
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No extra fee – Consolidated billing is offered at no additional cost.
For more information about Organizations, see the AWS Organizations User Guide.
AWS Pricing Calculator
AWS Pricing Calculator is a web-based planning tool to create estimates for your AWS use cases. Use it to model your solutions before building them, explore the AWS service price points, and review the calculations behind your estimates. Use AWS Pricing Calculator to help plan how you spend, find cost saving opportunities, and make informed decisions when using AWS. AWS Pricing Calculator is useful if you’re new to AWS and for those who want to reorganize or expand their AWS usage.
For more information, see https://calculator.aws/#/
