What do you need to know about AWS Cost and Usage Reports?

What are AWS Cost and Usage Reports?

AWS Cost and Usage Reports is a tool offered by Amazon Web Services (AWS) that aims to make cloud cost management easier for users.

The AWS Cost and Use Reports (AWS CUR) provide the most comprehensive data to visualize and track AWS cloud usage and spending. In addition to this, provides great visibility into Reserved Instances and, more recently, Savings Plans usage. The reports contain millions of line items that track costs, usage, Savings Plans, Reserved Instances, and other pertinent data about how much an organization uses and spends on AWS services.

How do AWS Cost and Usage Reports work?

You can get reports that break down your costs by the hour, day, or month, by product or product resource, or by your tags. AWS Cost and Usage Reports are sent to an S3 bucket provided by the customer during setup every day in.csv format. You can view the reports using spreadsheet software like Microsoft Excel or Apache OpenOffice Calc, or you can use the Amazon S3 API to access them from an application. The report may also be downloaded from the Amazon S3 console and queried with Amazon Athena, or it can be transferred to other AWS services like Amazon Redshift or Amazon QuickSight. Customers can query and analyze huge datasets using these additional AWS services.

How do you set up AWS Cost and Usage Reports?

  1. To begin creating reports, go to the Billing and Cost Management console’s (http://console.aws.amazon.com/billing) Cost and Usage Reports page and follow these steps:
  2. Choose to Create a report.
  3. Enter the name of the report.
  4. Select Include resource IDs as Additional report details to include the IDs of each resource in the report.

·       Individual line items will be created for each of your resources if you include resource IDs. Depending on your AWS usage, this can considerably increase the size of your Cost and Usage Reports files.

·       The “Data Refresh Option” gives you the choice of whether to receive a finalized report with or without refunds, credits, support fees, and AWS Marketplace costs include. A new report is uploaded to Amazon S3 when a report is refreshed.

5. In the Configure S3 Bucket dialog box, Create a new S3 bucket for the reports to be published to, or choose an existing S3 bucket from the drop-down menu and provide the service access to it. Review the bucket policy, and select I have confirmed that this policy is correct and choose Save.

6. Enter the report path prefix if you want to upload reports to Athena or Redshift or QuickSight.

7. For the “Time Granularity” option, select either:

·       Hourly, if you want the line items in the report to be aggregated by the hour

·       Daily, if you want the line items in the report to be aggregated by the day

·       Monthly, if you want the line items in the report to be aggregated by month

8. Choose whether each version of the report should overwrite the prior version or be sent alongside the previous versions when it comes to – report versioning. Overwriting reports might help you save money on Amazon S3 storage. The audibility of billing data can be improved over time by delivering new report versions.

9. If you will be using Athena, Redshift, or QuickSight to query the reports, click “Enable Report Data Integration”

10.  If you will be using Athena, Redshift, or QuickSight to query the reports, click “Enable Report Data Integration”

11.  After you have reviewed the settings for your report, choose Review and Complete (you can always edit the settings later if necessary)

12.  It’s important to keep in mind that AWS can take up to 24 hours to start delivering reports to your S3 bucket, following which reports are updated up to three times per day.

13. Following that, the following links will explain how to query AWS Cost and Usage Reports using Athena, Amazon Redshift, or Amazon QuickStart:

·       Querying Cost and Usage Reports using Amazon Athena

·       Loading report data to Amazon Redshift

·       Loading report data to Amazon QuickSight

Factors to consider about AWS Cost and Usage Reports for cloud financial management

  • According to AWS, Customers should utilize AWS CloudFormation to “simplify and automate the integration of Cost and Usage Reports with Athena,”   AWS CloudFormation, on the other hand, does not support cross-Region resources. The Athena integration setup process also deletes any existing Amazon S3 events in your bucket. To use Athena, AWS suggests creating a new Amazon S3 bucket as well as a new AWS Cost and Usage Report.
  • You’ll be charged regular S3 rates for the storage, requests, and data transfers associated with the specified S3 bucket while you use AWS Cost and Usage Reports. Know what you’re being charged and how to optimize your cloud storage charges. AWS tools can come with hidden expenses that can quickly build up. AWS tools can come with hidden expenses that can quickly build up. If you’re querying your Cost and Usage Report with Amazon Athena, bear in mind that Athena is priced each query, with expenses based on the amount of data scanned.
  • Configuring and maintaining data for reporting requires manual work. As a customer’s cloud usage increases, their teams are frequently bombarded with manual duties linked to maintaining the reports’ efficacy.
  •  To be effective, Cost and Usage Reports—and other AWS services used in conjunction with the reports—require consistent and accurate tagging. AWS offers the Tag Policies tool to aid with consistent resource tagging. This tool allows customers to define tagging policies that apply to accounts and groups created in AWS Organizations. Customers that use AWS Tag Policies, on the other hand, must anticipate all possible tags and key/value pairs ahead of time, and will not receive notifications for any usage that does not match those expectations, or for any resources that are deployed without tags. This means that companies may be notified of many expense anomalies each day, with no indication of where or how they arise.

How OpsLyft can help?

We recognize how perplexing and difficult a decision this is. We hope that this outline of AWS instance types helps you in determining which ones are most suited to your computing requirements. We hope that this outline of AWS instance types helps you in determining which ones are most suited to your computing requirements. We recognize, however, how perplexing and difficult a decision this is.

OpsLyft assists you in making sense of your complex cloud spend and AWS bill by allowing you to distinguish between instances by gathering data from multiple AWS services.  Schedule a demo and take a look at the solutions we have built to handle the same for you.

We will give you a complete walkthrough of it and tell you more about how it can benefit your organization. Feel free to contact us for other DevOps-related queries at contact@opslyft.com

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