We can use cost element if we want to define the cost of specific element and item within cost element.
Step-1: Click on New-> Master-> Cost Element. Cost Element form will appear.
Step-2: Fill the details and click on Save.
Step-1: Click on Master -> Cost Element. Cost Element list will appear.
Step-1: Select the element name from cost elements list that you want to edit. Right click and select Edit Cost Element option. Cost Element form will appear.
Step-2: Edit the details.
Step-3: Click on Save button.