Which of the following statements is correct in relation to consolidated billing? (choose two)

Consolidated billing is a feature provided by various cloud service providers that allows organizations to manage and pay for multiple accounts under one umbrella. One of its primary benefits is that it offers a single bill for multiple accounts. This streamlining of billing simplifies payment processes and helps organizations avoid the confusion of managing several invoices separately.

Additionally, consolidated billing allows for tracking costs by account. This means that organizations can still analyze and monitor expenses for each individual account while benefiting from the ease of a single bill. This capability is crucial for budgeting and resource allocation among different departments or projects within an organization.

The other aspects mentioned in the options—such as restrictions on payment methods or unique billing cycles for each account—are not characteristics of consolidated billing. In fact, multiple payment methods can be applied under a consolidated billing structure, and typically, all linked accounts align with a singular billing cycle to maintain coherence in financial management.