Multiple Price Level and Price list in Tally
In Organization dealing in multiple product for sale a list of all the item along with price details is maintained. Such list is called price list.
This price list is maintained for various buyers or customers. such as retailers,whole sellers,dealers etc.since price list is structured based on the classification of buyer it is referred at the time of making sales .Since the sale price to do change on the basis of time the change will have to appear in the price level list etc.
Therefore it is designed keeping in mind nature of buyers.There may be customer who buy large quantity or high value buyers.
let us see how to do it in tally
Activate Price list and Define Price level
F11 : Features > F2 : Inventory Features.
” use Multiple > F2 : Inventory Level “set to YES”
Enter the detail such as
purchase 400 laptop bag costing Rs 800 each and standard selling rate to be fix 1200.
Now go to gateway of tally >Inventory info > Price list : Stock Group name : All item select price level Retailer :type the date
a screen will appear not fill the detail as mention below
Go to Gateway of tally >Inventory Info > Price list > stock group
Select all items from the list of groups
In the field of price level select wholesale sales from the list.
Now sold the above 25 laptop bag to Akash trader who is a retailer.
for creating Akash trader as a retailer
Go to gateway of tally > accounts info > ledger > create >akash trader under : sundry debtors ,under price list level select : retailer.
Now pass the entry of sales
go to gatway of tally accounting voucher > F8 sales >
select the name of party : Akash trader
price level is automatically selected : retail
now select the stock item : laptop bag and in nos of quantity : type 25
Some time goods are sold with discount on the price list mention under such condition following process is applied