An internet usage data recording system and method is described. In one embodiment, the present invention provides a network usage recording system. The network usage recording system includes a configurable collector. The collector includes an encapsulator for reading a plurality of network data records from a network data source and converting the network data records to a plurality of normalized metered events. An aggregator is provided for processing the normalized metered events to create aggregated normalized metered events. A data storage system is provided, wherein the aggregator periodically stores the aggregated normalized metered events in the data storage system.