This feature links Ripple’s billing groups to internally managed projects, allowing you to manage purchases, sales, and profits.
Definitions of Each Item
Purchases -- The billed amount from AWS. It only covers the Usage portion, Fees, Refunds, Credits, and Taxes are not included.
Sales -- The amount from the billing data issued by Ripple. If Fees, Refunds, or Credits are included in the invoice on the "Adjusting Enties" page, those amounts will also be included.
Profit -- The amount obtained by subtracting purchases from sales.
(Purchases – will include Fees, Credits, and Refunds if they are included in the billing group.)
1. Creating a Project
From the Ripple left menu, click ProjectV2(BETA), then Project. You can create a new project by entering the following information using the Create Project button on the top right.
Project Code: The project code managed within your company. Note: Cannot be edited after creation.
Project Label: The project name or description. Note: Can be edited after creation.
2. Linking Billing Groups and Projects
On the Account/Group > Billing Groups page, click Edit Billing Group from the eclipse ... on the right side of each billing group.
In the Project Code field, you can either select an existing project or create a new project using the Create Project button.
A project created from this screen will be added to the list under:
ProjectV2(BETA)> Project.
Note: *For months in which invoices have already been created, you will need to recreate the invoice again after setting the project.