A Price List refers to a list of items maintained by an organisation along with their price details. A price list is generally used by organisations which deal in multiple products. Price Lists are maintained in various structures for different types of buyers (customers), viz., Wholesalers, Dealers, Retailers, etc. The price list is structured based on the classification of buyers and is referred to at the time of making sales. Whenever the sale prices change (on the basis of time), the changes reflect in the Price List also. In case of bulk sales, discounts can also be given to the buyers.
Let us now see how Tally.ERP 9 handles such a situation through the Price List feature.
Setup:
Go to Gateway of Tally > F11: Features (Inventory Features)
Go to Gateway of Tally > Inventory Info. > Price List
1. Select the Group Components (you will notice that all the items grouped under Components appear automatically).
3. For USB Pen Drives 2GB give the details as follows:
5. Accept the Price List Details
6. Similarly, create another Wholesale Price List as on 1-7-2017 with the following rates:
7. The Quantity and Discount details are similar to the price list screen given previously. Ensure the price details are as shown below :
8. Press Y or Enter to accept the Price List
On 2-7-2017 raise a sales Invoice on Beltron Computers for the following Items :
Qty
USB Pen Drives 2GB
30 Nos
Wireless Keyboard
10 Nos
The Invoice amounted to ₹. 46,424.00
‡ In the F11: Features (Inventory Features) activate Separate discount column on invoices.
1. On 2-7-2017 raise a sales Invoice on Beltron Computers
2. Select the stock item USB Pen Drives 10GB
3. Specify quantity as 30 nos.
4. Rate and discount automatically appears as ₹. 1,250 and 7.5% respectively (as the required price level is selected in the ledger master of Beltron Computers).
5. Now, select another item – Wireless Keyboard
6. Type the quantity as 10 nos
7. Rate and discount automatically appears as ₹. 490 and 5% respectively (as the required price level is selected in the ledger master of Beltron Computers).
8. Accept the entry
On 2-9-2017 raise a Sales Invoice on Swayam Infotech ( a Wholeseller) for the following Items : The Invoice amounted to ₹. 43,530.
Name of the Item
USB Pen Drives 10 GB
Wireless Mouse
Setup: ‡ Create a New customer called Swayam Infotech ( a Wholeseller) with the following details.
1. On 2-9-2017 raise a sales Invoice on Swayam Infotech ( A Wholeseller)
4. Rate and discount automatically appears as ₹. 1,100 and 7.5% respectively (as the required price level is selected in the ledger master of Beltron Computers).
7. Rate and discount automatically appears as ₹. 450 and 5% respectively (as the required price level is selected in the ledger master of Beltron Computers).
8. Now, select third item – Wireless Mouse
9. Type the quantity as 10 nos
10. Rate and discount automatically appears as ₹. 220 and 5% respectively (as the required price level is selected in the ledger master of Beltron Computers).
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