Setting Up ElevenLabs Cost Tracking

Last updated March 6, 2026

Setting Up ElevenLabs Cost Tracking

ElevenLabs cost tracking connects to your ElevenLabs workspace to monitor voice AI usage and costs across your API keys.

What You'll Need

  • An ElevenLabs account with API access
  • An API key with permissions to read usage data

Step 1: Get Your API Key

  1. Go to ElevenLabs API Keys
  2. Sign in with your ElevenLabs account
  3. Click Create API Key
  4. Give it a name (e.g., "Administrate Cost Tracking")
  5. Copy the key immediately - it won't be shown again

Security tip: Create a dedicated API key just for cost tracking rather than reusing keys from production workloads.

Step 2: Connect in Administrate

In Administrate, go to LLM Providers > Add Provider and enter:

Field Value
Provider Type ElevenLabs
Name Your preferred name (e.g., "Production ElevenLabs")
API Key The key from Step 1

Click Connect Provider to validate the credentials and start the initial sync.

What Gets Synced

Once connected, we'll automatically sync:

  • API Keys - Each API key in your workspace becomes a trackable project
  • Usage - Daily usage broken down by model (e.g., Multilingual v2, Turbo v2.5)
  • Costs - Actual spend in USD per model per day

Data syncs every hour automatically.

Cost Attribution

ElevenLabs usage is tracked per API key. To attribute costs to specific companies:

  1. Create separate API keys in ElevenLabs for each company or use case
  2. After the first sync, go to the provider detail page
  3. Assign each API key (project) to the appropriate company

This lets you see exactly how much each company is spending on voice AI.

Understanding the Metrics

Metric What It Tracks
Credits ElevenLabs credits consumed (characters for TTS, minutes for STT)
Costs Actual USD spend based on your plan and usage
Requests Number of API calls made

Troubleshooting

"Could not connect" error - Double-check that your API key is correct and hasn't been revoked - Ensure the API key has workspace-level access if you need workspace metrics

No usage data appearing - Usage data requires actual API calls to be made through your ElevenLabs account - New API keys may take up to an hour to appear after the first sync

Costs showing as $0 - ElevenLabs reports costs based on your subscription plan - Free tier usage may not have associated dollar costs - Cost data may take 24 hours to be reflected in the API

Security Best Practices

  • Create a dedicated API key just for cost tracking
  • Avoid sharing API keys or committing them to version control
  • Rotate keys periodically
  • Revoke unused keys from the ElevenLabs dashboard

Still need help?

Can't find what you're looking for? Get in touch with our support team.