Price levels and Price List in tally
Price levels and price lists are two features in Tally ERP 9.0 that can be used by businesses to manage their pricing and sales strategies. Here is a brief overview of these features:
- Price Levels: Price levels allow businesses to set different prices for different customers based on predefined rules. In Tally ERP 9.0, businesses can create multiple price levels and assign them to individual customers or groups of customers. For example, a business may offer different prices for retail customers, wholesale customers, and distributors.
To set up price levels in Tally ERP 9.0, businesses can follow these steps:
- Go to Gateway of Tally > Inventory Info > Price Levels
- Create a new price level and give it a name (e.g., Wholesale)
- Define the rules for the price level (e.g., a percentage discount or a flat amount discount)
- Assign the price level to the relevant customers or customer groups
- Price Lists: Price lists allow businesses to create customized lists of products with different prices for each product. This is useful when businesses offer different prices for the same product to different customers or in different markets. In Tally ERP 9.0, businesses can create multiple price lists and assign them to individual customers or groups of customers.
To set up price lists in Tally ERP 9.0, businesses can follow these steps:
- Go to Gateway of Tally > Inventory Info > Price Lists
- Create a new price list and give it a name (e.g., Retail)
- Add the products to the price list and define the prices for each product
- Assign the price list to the relevant customers or customer groups
By using price levels and price lists in Tally ERP 9.0, businesses can customize their pricing and sales strategies to suit different customers and markets. This can help to improve sales and profitability while also providing better customer service.