Billing and cost management in AWS

This service provided by AWS is used to monitor resource usage and manage costs. AWS charges from the credit card set up as the default payment method in the account. AWS Budget, Cost Explorer and AWS organization are other AWS services that are used to manage costs.

AWS pricing calculator helps us to figure out the approximate charges that may be incurred on the resources we use before provisioning them.

Billing information for each account is attached initially in credit card form. This can later be converted into traditional, term-based invoicing being billed only for the resources in our account.

Benefits of using billing and cost management

  • We can estimate and plan our AWS account and budget.
  • We can set a threshold amount, on exceeding this threshold alert messages can be received.
  • We can assess our biggest investments in AWS resources.
  • We can simplify accounting while managing multiple AWS accounts.

Get hands-on with 1200+ tech skills courses.