Cost Elements

Cost elements are the elements you want to separately see in your actual financial results. To setup your cost structure you should think about how detailed you want to track your costs and how you want to present them in your calculations.
On the calculation models you can use these cost elements on two ways. Either these are calculated values which are part of the quoted price or calculated backward as portion of the quote element, but only calculated to present the value in the calculation.
Cost elements can be machine cost, labour cost etc..., but profit should be also considered as cost element to complete the calculations.

Creating cost elements

Cost Elements are represented by a name of the element, there is no additional description. To create a new Cost Element type the name of the element into the name field and click on the Add As New button.
You can also modify an existing element from the list, edit it and clicking on the Add As New button you can save it as a new element.

Editing an existing Cost Element

To edit an existing element, select it from the list of elements and double click on it. The name of the element will appear in the name field. Change it as needed then click on the Save Edited button.

Note! The name of the cost element will change in all quotation regardless if the actual status of the quote. So previous price calculations will change as well. Only change cost element names if they are not changing the meaning in the calculation. Eg.: changing from machine cost to labour cost would be confusing and incorrect.

Deleting a Cost Element

 To delete a cost element, select it from the list of Cost Elements then click on the Delete Selected. If the Cost Element is not used in any Calculation model the element will be deleted, otherwise the application will not allow to delete the element.