Financial Charging Financial charging is an integral part of financial management that helps in reporting the financial aspects of a business service to the various stakeholders in the organization that consume this service such as the business unit heads, department heads, or account heads. A business service is a set of interconnected applications and hosts configured to offer service either within or to an organization. Track the consumed business services and products offered within your organization and show the cost of the services as showback statements. The showback statement reports the services consumed in terms of their cost, for reporting to the business unit heads. The showback statements provide consumption visibility and improve automation of the services offered. These statements also help the service owners handling the services to view the consumption data and formulate budgeting. Showback statement reports the services consumed through the statement items that are records of the service consumption details and the cost of the service. These record details are stated as the statement items and are retrieved from various sources such as: Consumption table: The cost and the consumption volumes can be from any platform table that contains the consumption data. Cost model: The source of the cost data is the cost allocation lines from the financial modeling application. Service catalog: The cost and consumption volumes can be based on fulfilled catalog requests for a particular service catalog category or catalog items. What to do next Assign roles to your users. Set up the Financial Charging application to use the showback feature. Financial charging application setupThere are several components of the Financial Charging application that you must set up before you can use the showback feature for a business service.Service chargingAs a service owner, you can use the Service Pricing Console to monitor the consumption of the services, the status of each statement item, and can set the pricing for the statement items.Showback statementsShowback, an information technology strategy of financial charging, tracks the costs of IT hardware, software, cloud services, or any shared services that are used by a business unit. The costs are then consolidated and presented to the business unit, as a reporting invoice (showback statements), to show the quantum of services and products they have consumed over a fiscal period.View my showback statements as a showback userAs a showback entity owner, you can view all the showback statements that are assigned to you. You can review them and raise a dispute if there is discrepancy or accept them.Raise a disputeIf the showback user disagrees with any of the information on a statement expense line, then the showback user can raise a dispute.View my statement items as a service ownerAs a business service owner, you can view the list of statement items for which you are the service charging owner and generate the charge lines for a fiscal period.Financial analyst showback dashboardFinancial Analyst Showback dashboard is a central interface for the financial analyst to view all the showback statements that are generated. It helps to analyze the cost of delivering services to the business and the recovery or showback of that cost.Business unit owner showback dashboardBusiness Unit Owner Showback dashboard is an interface for the business unit owner to see the statement items assigned to the business unit owner, set the pricing policy, and view the last period cost.