A system, method and apparatus for monitoring and billing beverage preparation equipment and product. The system includes a controller for monitoring the use of beverage preparation equipment. The beverage preparation equipment or apparatus includes a dilution source and a product source connected to the controller and controllably dispenses a dilution component and product component to mix these two components to produce a resultant combination. Information is provided from the dilution source, product source or both to the controller which relates to the dilution material, product or both used by the apparatus. The information is provided to a data collection portion, also connected to the controller, which uses the information for billing purposes. The method includes a method of billing, servicing and resupplying of the apparatus. Information may be provided to a supplier to periodically deliver a product to the operator of the apparatus.