Prepared by – Narenda Sir (9252086319)
Multiple Price Level
Tally.ERP9
What is Price Level?
Price list feature allow us to maintain different price on different levels. For E.g. if any customer
wants minimum quantity of product then we set maximum price with minimum discount, and if
customer want more product then we set minimum price with maximum discount. (Customer –
Retailer - Wholesaler - VIP etc...). We set price level before making invoice if any product
amount increase in future then we also revise current price list with Revise price or Revise
discount.
*Note - (Set Date According to Current Year)
Step-1
Create new firm and set feature of Price – Level by pressing F11 and F2.
Activate Discount Column
Activate Price level and Add Level.
Add Any Level (E.g. Customer /Retailer/ Wholesaler)
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Prepared by – Narenda Sir (9252086319)
Step-2
Fill Required Inventory Details
Gateway of Tally Inventory info - Units of Measure - Create
Gateway of Tally Inventory info - Stock Item - Create
Step-3
Gateway of Tally Account info - Ledger - Create
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Prepared by – Narenda Sir (9252086319)
Create Party Ledger (Supplier) and Purchase Ledger
Harshit (Supplier) - Under -(Sundry Creditor)
Price Level - Not Applicable (case of Supplier)
Purchase - Under (Purchase A/c)
Step-4
Gateway of Tally Accounting voucher - Press F9 (Purchase)
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Prepared by – Narenda Sir (9252086319)
Now , Available Stock is 120 Kg Basmati Rice and 100 Kg Sugar.
Step-5
Set Price level According to Customer , Retailer
Gateway of Tally Inventory info - Price List -
First Select - Customer and fill Price Details According to quantity with discount
Second , Select - Retailer and fill Price details According to Retailer Quantity with
Discount
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Prepared by – Narenda Sir (9252086319)
Step-6
Gateway of Tally Account info - Ledger - Create
Create Buyer Ledgers with Level and Sales Ledger
Note - If we Set Level -" Not Applicable " - Price not show automatically in sales Invoice.
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Prepared by – Narenda Sir (9252086319)
Step-7
Create Sales Invoice for following Parties
Party Name (Buyer) Item Sold (Qty) - Basmati Rice Item Sold (Qty) - Sugar
Lalit 12 Kg 8 Kg
ShriRam 19 Kg 35
Gateway of Tally Accounting Voucher - Press F8 (Sales Invoice)
Note - No need to fill Price of Item , it Automatically detect from the price list maintain above .
if Price not show automatically then we need to check price list again.
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Prepared by – Narenda Sir (9252086319)
Step-7
Check Stock Summary and Profit
Gateway of Tally Stock Summary
Gateway of Tally Profit & Loss A/c - (Alt+F1) for Details
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Prepared by – Narenda Sir (9252086319)
Step-8
Now , Basmati Rice Rs and Sugar Price increase - Maintain Revise Price list for following
item Level wise
Level Revise Price
Customer 5 Rs
Retailer 3 Rs
Gateway of Tally Inventory info - Price List - Press (Alt+R) - Revise Price
Do Same as for Retailer Level Rs 3 Revise Price.
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Prepared by – Narenda Sir (9252086319)
Step-9
Sold 20 Kg Basmati Rice to Lalit and check Revise Price update in invoice or not Update
(Previous Amount is 70 Rs with 5% Discount)
Note- if we want to increase Amount (item-wise) differently we must create stock
group for item and then we can change the revise amount differently for stock item
Video Help Click Here
Practice Exercise
Q- Maintain Price list for Reliance Fresh Customer, Reliance card holder get 2%
Discount on Item and only Customer get 0% Discount, No Limit Criteria on Items.
List of Product: with Cost Price and Selling Price on 1st Oct
Selling
Cost
Opening Price
Product Name Price
Qty (Per Pcs)
(Per Pcs)
Close up (150 grm) 150 42 52
Pepsodent (150 Grm) 100 44 50
Tooth
Paste Dant Kanti (100 Grm) 150 48 56
Babool (150 Grm) 80 41 48
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Prepared by – Narenda Sir (9252086319)
Colgate Max Gel (150 Grm) 100 49 58
Sold following item to Reliance card holder on 2nd October
Customer Name Invoice No. Product Sold Qty
Vinay 1 Dant Kanti (150 Grm) 5
Priya 2 Colgate Max Gel (150 Grm) 3
Sold following item to Customer (No Reliance card Holder).
Customer Name Invoice No. Product Sold Qty
Close up (150 grm) 7
Sunil 3 Pepsodent (150 Grm) 5
Dant Kanti (100 Grm) 4
Pepsodent (150 Grm) 6
Himanshu 4
Colgate Max Gel (150 Grm) 8
On 1st November Price revises for all Toothpaste - Price decrease Per 2 Rs all Item.
Sold following item to Customer (No Reliance card Holder). On 2nd Nov
Customer Name Invoice No. Product Sold Qty
Close up (150 grm) 3
Vikram 5
Pepsodent (150 Grm) 2
Calculate following with above Entries
Stock Available?
Profit/Loss of Reliance?
Answer
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Prepared by – Narenda Sir (9252086319)
Video Help Click Here
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