3.2 Billed Cost

The Billed Cost represents a charge inclusive of negotiated discounts that a consumer would be charged for each billing period. Billed Cost does not amortize upfront charges (one-time or recurring). The currency for the value specified in Billed Cost can be found in the Billing Currency column. Billed Cost is often used to perform FinOps capabilities that require cash-basis accounting such as cost allocation, budgeting, and invoice reconciliation.

The BilledCost column MUST be present in the billing data. This column MUST be a numeric value of type Decimal and MUST NOT contain null values. The aggregated BilledCost for a billing period MUST match the charge received on the invoice for the same billing period.

A charge inclusive of negotiated discounts that a consumer would be charged for each billing period.