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1. Price Levels in TallyPrime

In TallyPrime, you can create different Price Levels and assign different Price Lists to these Price Levels. For example, you can create Wholesaler, Corporate and Retail as Price Levels and assign applicable Price Lists to these Price levels, as per your requirements, so that only the relevant prices and discount rates are used during entry of orders and invoices.

Before you start creating Price Lists, you may decide to create Price Levels as required.

1.1. Create Price Levels

Multiple price levels can be created and different price list can be assigned to these price levels.

1. Gateway of Tally>F11(Features) > setEnable multiple Price LevelstoYes.

If you do not see this option, setShow more featurestoYes.

2. Gateway of Tally>Create> type or selectPrice List(Stock Group) > and pressEnter.

Note: If you want to create a Price List consisting of all stock items falling under different Stock Categories, select Stock Categories from the Price List menu.

3. Select thePrice Level, if available, otherwise,Create> provide a name for the price level > pressEnter.

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4. Enter the date from which the price list is applicable.

By default, stock items used in transactions will appear. If you want to view all the stock items (including the ones that are not used in transactions) under the selected price level, pressF12(Configure) > setShow All Items for Price LeveltoYes.

4. PressCtrl+Ato accept and return to theinventory featuresscreen.

1.2. Assign Price Levels to Ledger Accounts

On creating price levels, you can make price levels applicable for ledgers grouped under Sundry Debtors and Sundry Creditors.

Example :

Already we have & created our Sundry Debtor Groups into Corporate Customer, Local Customer, Wholesale Customer.

Now you can link …

>> all Ledgers under Corporate Customer to Corporate Price Level

>> all Ledgers under Wholesale Customer to Wholesale Price Level

>> all Ledgers under Local Customer to Retail Price Level

1. Gateway of Tally>Create/Alter> type or selectLedgers> and pressEnter.

Alternatively, pressAlt+G(Go To) >Create Master/Alter Master>Ledgers> select the party ledger.

• PressF12(Configure) > setUse Price Levels for Party LedgerstoYes.

2. Ensure the Party ledger Adarsh Tiles Pvt. Ltd. is selected.

Select the Price Level i.e. Corporate as shown in screen below :

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If you select the price list in the ledger, you need not select it again while passing an invoice. Thiswillmake the process of Invoice entry faster.

Note:For a Ledger, you can only assign only one Price Level at a time, however you can change thePrice Levelselection depending upon your requirement in alteration mode or during voucher entry.

Once Price Level assigned to Ledger accounts, the stock item prices are automatically displayed in a transaction which minimizes errors during Invoicing (Sale voucher) as shown below.

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2. Price List in TallyPrime

Once you have createdPrice Levels, thePrice Listoption appears in theInventory Info.menu.

TallyPrime assists in creating quantity based pricing with complex discount structure. Price Lists are available only for inventory items and hence the feature is available only if inventory and invoicing are activated for the company.

You may require more than one price list, when you have different price structures/levels for different purposes viz., different groups of customers requiring different discounts or dealing in different products.

You can create a price list for a items falling under a group.

Example:

Create the following Price Lists with different Price Level :

Price Level : Corporate

Stock Group : Accessories

Price Lists of Following Stock Items :

Solutions:

1. Go toGateway of Tally>Create> type or selectPrice List(Stock Group) > and pressEnter.

2. Select aStock Group Namefrom theList of Stock Groups.

3. Select thePrice Level.

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Note:To view all the Stock Items under the selected Price Level, clickF12: Configureand set the optionShow all Items for Price LeveltoYes.

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4. Select the item.

5. Enter the range of quantity for which the price level is applicable in the fieldsFromandLess thanto create a quantity based staggered pricing.

Note:If you don’t require quantity based staggered pricing, press Enter to skip the fieldsFromandLess than.

6. Enter theRate.

7. Enter theDisc %.

Note:The fieldDisc%is available only if the optionSeparate Discount Column on Invoicesis enabled in theF11: Features (Inventory Features).

8. PressEnter.

ThePrice Listscreen appears as shown below:

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Note:You can alter a price list by overwriting the details entered in thePrice Listscreen.

3. Use Price Levels & Price List during Voucher Entry

Once price levels are created and assigned to ledger accounts, the stock item prices are automatically displayed in a transaction. The automation minimizes errors during invoicing.

Example:

Sold the following items to Adarsh Tiles Pvt. Ltd. as per Corporate Price Level & Price List (already created in earlier example)

Cabinet 15 Nos.

Keyboard – Logitech 12 Nos.

Mouse – Logitech 4 Nos.

Solutions:

1. Go toGateway of Tally> Vouchers>F8: Sales.

2. Select the customer ledger in the fieldParty’s A/c Name i.e. Adarsh Tiles Pvt. Ltd..

Note : Price level i.e. Corporate selected by default which already linked in the Ledger ( refer Para : 12.1.2.)

3. Select the Items with Quantity as per example, Here Rate , Disc. & Amount Column will skip which you can not edit.

1. Press Enter to Save.

TheSale Invoicescreen appears as shown below:

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