A company has multiple lines of business (LOBs) that toll up to the parent company.

Create AWS Organization:

In the AWS Management Console, navigate to AWS Organizations and create a new organization in the parent account.

Invite LOB Accounts:

Invite each Line of Business (LOB) account to join the organization. This allows centralized management and governance of all accounts.

Enable Consolidated Billing:

Enable consolidated billing in the billing console of the parent account. Link all LOB accounts to ensure a single consolidated invoice that breaks down costs per account.

Apply Service Control Policies (SCPs):

Implement Service Control Policies (SCPs) to define the services and features permitted for each LOB account as per the governance policy, while still delegating full administrative permissions to the LOB accounts.

By consolidating billing and using AWS Organizations, the company can achieve centralized billing and governance while maintaining independent administrative control for each LOB account