We can use cost center if we want to define the cost of any elements and items within cost center.
Step-1: Click on New-> Master-> Cost Center. Cost Center form will appear.
Step-2: Fill the details and click on Save.
Step-1: Click on Master -> Cost Objects. Cost Center list will appear.
Step-1: Select the object type from cost center list that you want to edit. Right click and select Edit Cost Center option. Cost Center form will appear.
Step-2: Edit the details and click on Save button.