We can use cost element if we want to define the cost of specific element and item within cost element.
Create
Step-1: Click on Home -> New-> Cost Element. Cost Element form will appear.
Step-2: Fill the details and click on Save.
List
Step-1: Click on Costing -> List Cost Element. Cost Element list will appear.
Edit
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.