3.1.7 Billed Cost

The billed cost represents a charge serving as the basis for invoicing, inclusive of the impacts of all reduced rates and discounts while excluding the amortization of relevant purchases (one-time or recurring) paid to cover future eligible charges. This cost is denominated in the Billing Currency. The Billed Cost is commonly used to perform FinOps capabilities that require cash-basis accounting such as cost allocation, budgeting, and invoice reconciliation.

BilledCost adheres to the following requirements:

• BilledCost MUST be present in a Cost and Usage FOCUS dataset.
• BilledCost MUST be of type Decimal.
• BilledCost MUST conform to NumericFormat requirements.
• BilledCost MUST NOT be null.
• BilledCost MUST be a valid decimal value.
• BilledCost MUST be 0 for charges where payments are received by a third party (e.g., marketplace transactions).
• BilledCost MUST be denominated in the BillingCurrency.
• The sum of the BilledCost for a given InvoiceId MUST match the sum of the payable amount provided in the corresponding invoice with the same id generated by the InvoiceIssuerName.

A charge serving as the basis for invoicing, inclusive of all reduced rates and discounts while excluding the amortization of upfront charges (one-time or recurring).