Quantity-Based Price List for Multiple Stock Items in Tally Prime

Quantity-Based Price List in Tally Prime

Tally is the pioneer accounting software in the field of ERP-based accounts. TallyPrime software package is the most popular accounting software in India. Today we will discuss its unique and important feature of multiple price levels and price lists. Using this option we can create price levels for our customers based on their turnover, and their sales invoice value. We can use it to allow discounts to our customers on particular stock items.

Need of Price List and Price Levels in Organization-

When our customer gives us the order to supply the goods and if we have a price list then it plays an important role to quicken the sales process in our organization. It also helps them improve the company's decision-making process at various department levels such as the purchasing department, sales department management, and even accounts departments.

This Tally Prime Hindi tutorial will explore the powerful feature of quantity-based price lists for multiple stock items. If you're looking to streamline your pricing strategies and efficiently manage your inventory in Tally Prime, you're in the right place.

With quantity-based price lists, you can set up dynamic pricing structures that automatically adjust based on the quantity of stock items purchased. Whether you're a retailer, wholesaler, or manufacturer, this feature can help you optimize your sales process and maximize your profitability.

In this tutorial, we'll guide you through the process of creating and managing quantity-based price lists for multiple stock items in Tally Prime. You'll learn how to set up different price levels based on quantity tiers, apply discounts, and track pricing changes over time.

We'll also discuss best practices for utilizing quantity-based price lists effectively and provide practical examples to illustrate their impact on your business operations. By the end of this tutorial, you'll have the knowledge and skills to implement quantity-based pricing strategies with confidence in Tally Prime.

Join us as we unlock the potential of quantity-based price lists and take your inventory management to the next level in Tally Prime. Don't forget to like, comment, and subscribe to our channel for more tutorials on Tally Prime and other accounting software. Let's dive into the world of dynamic pricing together!

What are the Multiple Price Levels in the Tally?

Suppose a different supply chain exists in our business some of our customers are our distributors, some are a wholesaler, some are a retailer and some of them are our customers. Based on these different customer based if we want to create a price list for them then we can use multiple price levels and create a separate price list for distributors, wholesalers, retailers, and customers. Using this price list and price level we can also offer different discounts. Discount is allowed when they purchase a certain quantity of the stock item from us. Let us explore more about this feature.

What is the Price list in Tally Prime?

Tally ERP 9 allows us to create a quantity-based price list with a discount structure for our valuable customers. In the new release of Tally, this option is available only for the Stock item, hence available only when we create a stock group and stock items in the tally company. So we can say a tally price list is a list that contains the price and discount allowed on a stock item to a particular level of our customers, which we defined already such as distributors, wholesalers, retailers, and customers. Based on different groups of customers we can create more than one price list having different price structures and levels.

How to Activate GST in Tally-

First of all, create a new company in the tally and activate the GST option. To activate GST you can follow the process-

Go to Gateway of Tally >Press F11 > Statutory and Taxation > Enable GST and fill in GST Registration Detail.

Price Level in Tally Prime
Price Level in Tally Prime

Use Multiple Price Levels and Price List in Tally-

  1. In Gateway of Tally> Press F11 > Inventory Features > Enable separate discount column in invoice option
  2. Inventory Features > Enable use of multiple price level options>Press Enter> Set different Price Level Groups such as distributors, wholesalers, retailers, and customers. 

To create Stock Group and Stock Items

Gateway of Tally > Inventory Info > Stock Group > Stock Item.

To create price-lists-

Go to Gateway of TallyInventory Master > Price List.

Price List Option in Tally Prime
Price List Option in Tally Prime
  1. Select the Price Level.
Price Level Selection for Price List Creation in Tally Prime
Price Level Selection for Price List Creation in Tally Prime
  1. Enter the applicable from the date and input Quantity, rate and discount in the price list. If you don’t want to give a quantity-based discount and skip the quantity field and simply fill the rate and discount.
  2. In price list, the Cost Price column is updated based on the stock purchased rate.
  3. price list structure with the discount shown in below picture.
Quantity-Based Price List Creation Process in Tally Prime
Quantity-Based Price List Creation Process in Tally Prime

To post sales entries based on price levels and price lists-

Gateway of Tally > Accounting Vouchers > press F8 for sales voucher.

voucher entry using price list in tally prime
voucher entry using price list in tally prime

Watch all process in action from below video-

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