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TALLY TUTORIAL

This feature is provided in Tally to allow different pricing structure for the same item depending on their quantity of purchase or sale.

Activate and create Price List Types

1. Press F11: Features.  At the bottom the last option is Set/Modify Other Company Features.  Type Yes.  
2. Activate "Use Multiple price levels for invoicing".  Tally takes you to "Company Price Levels" screen.  
3. Type the different price levels - Retail Sales, Export Sales and Whole Sale and accept the screen.  
4. Accept all the features and return to Gateway of Tally.

Create a Price List

1. The following are the steps to create a price list.  Simply go through them but create the price list in the exercise.  
2. From the Gateway of Tally select Inventory Info and Click on Price List.
3. Select the required stock item group from the List of Groups or you can even select All Items if you require to set the price list for all the Stock Items you have created.  
4. Now the Price List screen is displayed.  
5. Select the price level from the pop - up for e.g. Retail Sales and enter the date from which your price list is applicable.  
6. Enter the Quantity, Rate and the Discount % for the respective items. You will find the Standard Cost Price of the items displayed on the extreme right of the screen  
7. More than one Price level can be entered for a single Stock Item.

Note:  These prices will automatically appear while making an Invoice once the price level is specified.

When we change the price list with a new 'applicable from' date, the previous prices given for the item will be shown in the Historical Details column.

Now the customer ledger accounts have to be altered to put them in the relevant price level.